Unified Payment Interface (UPI) transactions closed the year with an all-time high transaction volume of 16.73 billion in December 2024, surpassing October’s 16.58 billion transactions. Immediate Payment Service (IMPS) transactions rose to 441 million in volume while FASTag, India’s toll collection system, processed 382 million transactions. Aadhaar Enabled Payment System (AePS) transactions also reached 93 million transactions in December.