New Delhi, March 17 -- Digital payment transactions in India have witnessed strong growth in recent years, driven by coordinated efforts of the government, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), Finance Minister Nirmala Sitharaman informed the Lok Sabha. During FY 2024 25, total retail digital payment transactions reached 22,167.90 crore in volume, registering a 35.04 percent growth, while the value stood at Rs 849.12 lakh crore, growing 18.04 percent. The Unified Payments Interface (UPI) accounted for 81 percent of total transactions, emerging as the worlds largest real-time retail payment system. The growth has been supported by factors such as rising smartphone penetration, Aadhaar-en...