75 percent of UPI transactions likely to be person-to-merchant by 2025: Report
The Statesman|September 27, 2023
Three-fourths of all United Payments Interface transactions in India are going to be person-to-merchant transactions in the next two years, a new report said. According to a Worldline report released on Tuesday, P2M transactions in the country are expected to account for 75% of all UPI transactions by 2025.
75 percent of UPI transactions likely to be person-to-merchant by 2025: Report

The report - "India Digital Payments Report for H1 2023" released by global payments service provider Worldline, says the number of UPI transactions in India rose 62% in the first six months of 2023 compared to the same period last year, largely driven by P2M transactions. It cited data from the National Payments Corporation of India (NPCI).

It may be noted that currently, P2M accounts for a share of 56.1% of all UPI transactions.

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