Key Points
Transactions on the Unified Payments Interface (UPI) platform rose 60% year-on-year (y-o-y) in March to a record 8.7 billion, data from National Payments Corporation of India (NPCI) showed...
In terms of value, payments on the platform rose 46% y-o-y to Rs 14.05 trillion...
Traditionally, the most preferred method of UPI transactions is linking the bank account in any UPI-enabled application for making payments, which contributes over 99.9% of the total UPI transactions...
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At 8.7 billion, UPI hits record transactions in March
02, Apr, 23UPI hit 8 billion transactions for the first time in January this year.
Over 11 billion UPI transactions recorded in Oct, purchases cross Rs 17 lakh cr
01, Nov, 23In October, the National Payments Corporation of India reported a record-breaking 11.41 billion UPI transactions, totaling Rs 17.16 lakh crore, driven by the festive season and increasing consumer adoption of UPI for secure and convenient mobile payments.
UPI crosses 10 billion transactions for the first time in August
31, Aug, 23Drumroll please! UPI has just shattered records with an astonishing 10 billion plus transactions. Join us in celebrating this incredible milestone and the power of digital payments. Let's keep the momentum going and continue to revolutionize the way we make transactions with UPI!. NPCI, which run the payment system, said on social media platform 'X', formerly known as Twitter.
Digital India: UPI monthly transactions hit record Rs 9 billion in May
01, Jun, 23Digital India: According to NPCI, the overall volume of transactions also registered a growth of 58% year-on-year. The total amount of the UPI transactions for May was Rs 14.30 lakh crore, up 37% from the previous year.
‘Up, up, and growing!’ UPI transactions at an all-time high in October. What has made this growth sustainable?
02, Nov, 23UPI transactions reached 11 billion in October 2023, with the potential to hit 20 billion per month in the next 18-24 months
UPI to account for 90% of retail digital transactions in next 5 years, says RBI bulletin
23, Jun, 23UPI hit record 9 billion transactions in May this year. The total value of UPI transactions for May touched ₹14.3 trillion.
In May, UPI hits record 9 billion transactions worth ₹14 lakh crore. Top points
01, Jun, 23UPI is projected to account for 90 per cent of the total transaction volume in retail digital payments over the next five years.
UPI crosses 10 billion monthly transactions, confirms NPCI
31, Aug, 23India's digital payments framework, Unified Payments Interface (UPI), surpassed 10 billion monthly transactions in August, with a transaction value of INR15.18tn ($204.77bn)