Spice Money on UPI Transactions Seeing 38 Percent YoY Growth In November 2024

Mr. Dilip Modi,

Mr. Dilip Modi, Founder & CEO of Spice Money

“India’s UPI ecosystem continues to set new benchmarks, with November witnessing a remarkable 38% year-on-year growth compared to last November. This consistent growth underscores the deepening trust in digital payments as a preferred mode of financial transaction across the country. The increased penetration of UPI, especially in semi-urban and rural areas, is enabling greater financial inclusion, reducing dependency on cash, and enhancing transparency in economic dealings. Such milestones also reflect the resilience and adaptability of India’s payment infrastructure, which is revolutionizing the way people and businesses manage their finances.

At Spice Money, we are proud to be at the forefront of this digital revolution in Bharat. With key services like AePS, Bharat Connect, Cash Management Services (CMS), and Domestic Money Transfer (DMT), Spice Money is committed to empowering rural communities by enabling access to digital financial tools that simplify transactions and support economic upliftment.”

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