%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(42).png "Worldline Report : UPI Transactions Volume Surged 52% to 78.97 billion in 1H of 2024")
- This significant increase highlights UPI's continued dominance in the digital payment landscape.
- Key Highlights:
- Transaction Volume: UPI transactions rose from 51.9 billion in the first half of 2023 to 78.97 billion in the first half of 2024.
- Transaction Value: The value of UPI transactions increased by 40%, from Rs 83.16 trillion in the first half of 2023 to Rs 116.63 trillion in the first half of 2024.
- Top UPI Apps: PhonePe, Google Pay, and Paytm remained the top players, collectively accounting for 94.83% of all transactions by volume.
- Average Ticket Size (ATS): The ATS for all UPI transactions decreased by 8%, from Rs 1,603 in the first half of 2023 to Rs 1,478 in the first half of 2024.
- Point of Sale (POS) Terminals: The number of POS terminals increased by 17%, from 7.65 million in January 2023 to 8.96 million in June 2024.
Question:
1 What was the total volume of UPI transactions in the first half of 2024 according to the Worldline India Digital Payments Report?
- A) 51.9 billion
- B) 78.97 billion
- C) 83.16 trillion
- D) 116.63 trillion
