
UPI transactions at 9.3 bn in June, double of Jan 2022
UPI transaction value increased from ₹8.3 lakh crore in January 2022 to ₹14.7 lakh crore in June 2023.
UPI transaction value increased from ₹8.3 lakh crore in January 2022 to ₹14.7 lakh crore in June 2023.
Driven by the growth of credit on the platform, UPI is targeting 2 billion transactions a day which pegs the growth opportunity in merchants and users at more than 3 times
UPI transactions see 61% year-on-year growth in volume terms, while 47% YoY growth in terms of the transaction amount
The number of UPI transactions increased to 941 crore in May compared with 889 crore in April.
Credit card on UPI, int’l transactions for foreign inbound travellers and cross-border transactions on UPI, credit lines on UPI to benefit to ecosystem players, says report
Das said in terms of value, transactions registered a growth of 17% worth ₹6.27 lakh crore in the past 12 months.
New facility to help students studying abroad, family members and businesses use UPI without having an Indian SIM card.
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.
With the increased acceptance of digital payments in the country, the over reliance on cash is slowly fading away.
In terms of volume, UPI transactions were at an all-time high of 731 crore, thus registering a growth of 7.6% as compared to 678 crore transactions in September.