The use of Unified Payment Interface (UPI) is continuously increasing. In the month of October, 16.58 billion transactions were done through UPI across the country. Its value was approximately Rs 23.5 lakh crore. This is the biggest figure since UPI was launched in April 2016.
According to data released by National Payments Corporation of India, there has been an increase of 10 percent in the number of transactions and 14 percent in value in October as compared to September. According to the data released by NPCI, there has been an increase of 10 percent in the number of transactions and 14 percent increase in value in October as compared to September.
According to the data, the number of daily UPI transactions in October was 535 million. The average daily transaction value during this period was Rs. Was 75,801 crores. The average number of daily transactions in September was 501 million and their value was Rs 68,800 crore.
According to NPCI data, last October, 16.58 billion transactions were done through UPI in the country, which was worth approximately Rs 23.5 lakh crore. This is the biggest figure since the launch of UPI service in April 2016. The number of transactions in October has increased by 10% and the value by 14% as compared to September.
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