In a significant development, Unified Payments Interface (UPI) transactions crossed 10 billion mark in August. The information was confirmed by the National Payments Corporation of India (NPCI) on Thursday, August 31.
“Drumroll 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 said on X.
As per NPCI, the UPI transactions on August 30 stood at 10.24 billion. In value terms, the transaction had totalled Rs. 15,18,456.4 crore.
The number of UPI transactions in July was 9.96 billion (996.4 crore), 9.33 billion in June.