6 million new UPI users per month in India, with 13.9 billion transactions and Rs 20.1 trillion value in June.
Unified Payments Interface (UPI) in India is experiencing rapid growth, adding up to 60 lakh (6 million) new users every month. UPI transactions increased 49% year-on-year to 13.9 billion in June, with transaction value rising 36% to Rs 20.1 trillion. The platform's expansion into foreign markets and the use of RuPay credit cards have driven this growth. NPCI aims to achieve 1 billion UPI transactions per day in the future.
July 20, 2024
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