In volume terms, too, transactions touched a new high at 11.41 billion, up 8 per cent compared to 10.56 billion in September.
According to data shared by the National Payments Corporation of India (NPCI), this is 56 per cent higher in volume terms compared to ₹7.30 billion in October 2022 and 42 per cent higher in value terms compared to ₹12.12 trillion last year. In August, UPI numbers were ₹10.58 billion and ₹15.76 trillion, in volume and value, respectively.
"UPI value and volumes are at their peak on account of increased digital adoption at two levels merchants and customers.
Esta historia es de la edición November 02, 2023 de Business Standard.
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CONSOLATION PRIZES
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Now boarding
Governance premium is set to go up by many notches and banks will be put through the wringer, reports RAGHU MOHAN
