In September, India's UPI reached INR 20.64 lakh crore transaction value with 42% increase in transactions.
In September, India's Unified Payments Interface (UPI) reached a transaction value of INR 20.64 lakh crore, marking a 31% year-on-year growth, with 15.04 billion transactions, a 42% increase. Daily transactions surpassed 500 million, averaging INR 68,800 crore. UPI has maintained a value above INR 20 lakh crore for five months. Growth is attributed to increased person-to-merchant transactions, while other systems like IMPS saw declines.
October 01, 2024
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