
UPI now 85% of digital transactions
UPI transactions have nearly doubled — in volume and value — since last year. PhonePe, Google Pay and Paytm are the three most used apps for financial transactions.
UPI transactions have nearly doubled — in volume and value — since last year. PhonePe, Google Pay and Paytm are the three most used apps for financial transactions.
UPI transaction value for August jumps to ₹10.72 lakh crore.
The clarification comes days after the Reserve Bank of India (RBI) proposed a tiered charge framework for UPI payments.
UPI processed 595 crore transactions worth ₹10.41 lakh crore in May this year.