India's flagship payment platform, Unified Payments Interface (UPI), ended the year on a high note with a record 7.82 billion transactions in December, worth a record Rs 12.82 trillion ($174.6 billion).

Data from the National Payments Corporation of India (NPCI) shows that this is a 7.12% increase in volume and a 7.73% increase in value compared to November. Year-on-year, the volume of transactions increased by 71% and the value increased by 55%.

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