Daily UPI transactions cross 500 mn
Business Standard|October 02, 2024
Unified Payments Interface (UPI) daily transactions crossed 501 million in September, the highest ever since UPI turned operational in 2016.
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Daily UPI transactions cross 500 mn

It registered a marginal increase of 0.5 per cent in volume to 15.04 billion in September compared to 14.96 billion in August.

In value terms, ₹68,800 crore were secured in value terms in September. The number remained almost static at ₹20.64 trillion in September, compared to ₹20.61 trillion in August.

The number of daily transactions is higher than 483 million and ₹66,475 crore in August. In July, the numbers were seen at 14.44 billion in volume and ₹20.64 trillion in value.

According to the data shared by the National Payments Corporation of India (NPCI), in September, UPI volume posted a 42 per cent year-on-year growth and 31 per cent year-on-year growth in value.

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