https://sputniknews.in/20231101/record-breaking-upi-transactions-surge-to-1716-lakh-crore-in-october-----5187629.html
Record-Breaking UPI Transactions Surge to 17.16 Lakh Crore in October
Record-Breaking UPI Transactions Surge to 17.16 Lakh Crore in October
Sputnik India
With more and more internet connections and greater access to smart mobile phones, people in India are increasingly using electronic payment system UPI for all sorts of transactions.
2023-11-01T21:10+0530
2023-11-01T21:10+0530
2023-11-01T21:10+0530
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india
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unified payments interface (upi)
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Unified Payment Interface (UPI) transactions in India have touched an all-time high of Rs 17.16 lakh crore during the past month with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to figures released by the government.In terms of volume also the transactions touched a record 11.41 billion, up by 8 per cent as compared to 10.56 billion in September, data compiled by the National Payments Corporation of India (NPCI), which runs the real-time payments platform, said.Based on the latest numbers, the UPI has recorded a 55 per cent year-on-year growth in terms of transaction volume and 42 per cent growth in terms of value, according to the data.UPI registered a transaction volume of 10.56 billion in September and crossed the 10 billion mark in August.
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unified payment interface (upi), national payments corporation of india (npci), in terms of value, indian government
Record-Breaking UPI Transactions Surge to 17.16 Lakh Crore in October
With more and more internet connections and greater access to smart mobile phones, people in India are increasingly using electronic payment system UPI for all sorts of transactions.
Unified Payment Interface (UPI) transactions in India have touched an all-time high of Rs 17.16 lakh crore during the past month with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to figures released by the government.
In terms of volume also the transactions touched a record 11.41 billion, up by 8 per cent as compared to 10.56 billion in September, data compiled by the
National Payments Corporation of India (NPCI), which runs the
real-time payments platform, said.
Based on the latest numbers, the UPI has recorded a 55 per cent year-on-year growth in terms of transaction volume and 42 per cent growth in terms of value, according to the data.
UPI registered a transaction volume of 10.56 billion in September and crossed the 10 billion mark in August.
“Over 11 Billion UPI transactions were done in October 2023! People are making seamless payments from mobile in real-time with UPI,” the Ministry of Electronics and IT of the Indian Government posted on X.
