UPI transactions touched 10.58 billion in August, while the amount transacted during the month was Rs 15.76 lakh crore. …reports Asian Lite News
Prime Minister Narendra Modi on Friday lauded UPI transactions crossing the 10 billion mark in August.
“This is exceptional news! It is a testament to the people of India embracing digital progress and a tribute to their skills. May this trend continue in the times to come,” the PM said in a comment on X (formerly Twitter).
He was responding to a tweet by the National Payments Corporation of India (NPCI), which said, “It’s 10 Billion+ transactions in August`23! Make seamless payments from your mobile in real-time with UPI.”
UPI transactions touched 10.58 billion in August, while the amount transacted during the month was Rs 15.76 lakh crore. There has been a 61 per cent year on year growth on transaction count, while in terms of transaction amount, there has been a 47 per cent year on year growth between August 2022 and August 2023.
NPCI is an umbrella organisation for all retail payments in the country.