Mr. Dilip Modi, Founder & CEO of Spice Money
“The latest data from the Ministry of Finance, showing that UPI processed 15,547 crore transactions worth INR 223 lakh crore from January to November 2024, showcases the transformative power of India’s digital payments infrastructure. UPI has also expanded to seven countries, including key markets like the UAE and Singapore, solidifying India’s leadership in real-time digital payments globally.
This growth not only strengthens the digital financial ecosystem but also plays a critical role in advancing financial inclusion by bridging the digital gap. By offering secure and accessible transactions, UPI is empowering millions of Indians, especially in underserved and remote areas, to actively participate in the digital economy. The increase in transactions reflects a profound shift in consumer behaviour, making digital payments the preferred choice for speed, convenience, and trust. Such innovations are instrumental in creating an inclusive financial future and driving sustainable economic growth for the nation.
As a key player in this journey, Spice Money is proud to be at the forefront of driving the digital payment revolution, powered by widespread mobile and internet penetration, transformative innovations like UPI, and government initiatives promoting financial inclusion. These factors are enabling millions to embrace secure, seamless, and accessible digital transactions, empowering underserved communities and driving India towards a truly digital-first economy.”
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