UPI transactions for first time in January surpassed 16.99 billion, with value exceeding ₹‎23.48 lakh crore, marking the highest number recorded in any month. The total transaction volume exceeded 131 billion and value exceeded ₹200 lakh crore for FY 2023-24, said Finance Ministry. As of January 2025, over 80 UPI apps and 641 banks are currently live on UPI ecosystem.