UPI hits record 16.73 billion transaction in Dec valued at Rs 23.25 lakh crore
1 week ago

UPI hits record 16.73 billion transaction in Dec valued at Rs 23.25 lakh crore

Deccan Chronicle  

Mumbai: Unified Payments Interface transactions recorded an all-time high of 16.73 billion in December 2024, marking an eight per cent month-on-month increase from November's 15.48 billion. Transaction value was also up by eight per cent to Rs 23.25 lakh crore, compared to Rs 21.55 lakh crore in November as per National Payments Corporation of India data. In value terms, transactions increased by 35 per cent to around Rs 247 lakh crore during the year compared with Rs 183 lakh crore in 2023. The platform's previous peak was in October 2024, with 16.58 billion transactions valued at Rs 23.5 lakh crore.

Crore Value Billion Cent Lakh Transaction Transactions Upi Upi Transactions Transaction Value  crore  record  value  lakh  transactions  billion  upi  rs  hits  transaction  dec  payments  valued  cent

History of this topic

How 16.73 billion UPI transactions killed the ubiquitous toffee business
2 days, 1 hour ago

How 16.73 billion UPI transactions killed the ubiquitous toffee business

Live Mint  

India's Unified Payments Interface transactions rose to 16.73 billion in December 2024, National Payments Corporation of India data revealed. Commenting on this narrative, Harshad Shah, a chartered accountant, said, “Before UPI, shopkeepers would trade Toffees for small change, stating shortage of Coins.” “These small amounts of change over weeks would amount to becoming vast sums of Money, which were never …

UPI hits record with ₹16.73 billion in transactions in December 2024
Trending News
6 days, 1 hour ago

UPI hits record with ₹16.73 billion in transactions in December 2024

Live Mint  

Unified Payments Interface transactions hit a record 16.73 billion in December 2024, shows data released by the National Payments Corporation of India. NPCI also reported that the total value of transactions in December amounted to ₹23.25 lakh crore, which is significantly up from ₹21.55 lakh crore in November. NPCI data NPCI extends deadline for compliance with UPI volume cap On …

India Likely To Log Over 171 Billion UPI Transactions In 2024, NPCI Data Shows
Trending News
1 week, 2 days ago

India Likely To Log Over 171 Billion UPI Transactions In 2024, NPCI Data Shows

ABP News  

The Unified Payments Interface is estimated to surpass 171 billion transactions in 2024, official data from the National Payments Corporation of India revealed. The data showed that this represents a 45 per cent surge in the UPI transactions in the country, as against the 117 billion transactions recorded via UPI in 2023, reported Moneycontrol. On an average, the UPI platform …

From new limits to new features: All changes made in UPI in 2024
3 weeks ago

From new limits to new features: All changes made in UPI in 2024

India TV News  

The number of people making online payments through UPI is growing rapidly, doubling during the day and quadrupling at night. According to NPCI data released in November, there were approximately 15.48 million UPI transactions, amounting to an impressive Rs 21.55 lakh crore. Previously capped at Rs 5,000, the new daily limit is now Rs 10,000, allowing these users to conduct …

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024
3 weeks, 3 days ago

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024

Hindustan Times  

The Finance Ministry said on Saturday that from January to November of this year, 15,547 crore transactions of ₹223 lakh crore were handled through the Unified Payments Interface. From January to November of this year, 15,547 crore transactions of ₹ 223 lakh crore were made over the Unified Payments Interface, "demonstrating its transformative impact on financial transactions" in India.) The …

India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re
4 months ago

India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re

Live Mint  

- India's digital payments industry is witnessing a huge surge, with transaction volumes growing by 42 per cent year-on-year in FY 2023-24, according to a new report by PwC. In FY 2023-24, UPI saw an impressive 57 per cent YoY growth in transaction volume, surpassing 131 billion transactions. Growth trends The report estimates that by FY 2028-29, UPI transactions could …

Rs 81 lakh crore worth transactions processed by UPI in April-July | DETAILS
4 months, 1 week ago

Rs 81 lakh crore worth transactions processed by UPI in April-July | DETAILS

India TV News  

India's Unified Payments Interface processed nearly ₹ 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase and surpassing all world's leading digital payments platforms. According to latest data by global payments hub Paysecure, UPI processed 3,729.1 transactions per second — a 58 per cent surge over the 2,348 transactions every second …

UPI transactions cross ₹20 trillion for third successive month in July 2024
5 months ago

UPI transactions cross ₹20 trillion for third successive month in July 2024

The Hindu  

Payments through the Unified Payments Interface reported a 45% yearly growth, according to data from the National Payment Corporation of India. In the first four months of the current fiscal year, UPI recorded transactions amounting to ₹80.79 trillion across approximately 55.66 billion transactions. In 2023-24, total UPI transactions were 131 billion, compared to 84 billion in 2022-23. The monthly bulletin …

UPI grows in India: Here's how many users adopting it every month, what's fueling it
5 months, 2 weeks ago

UPI grows in India: Here's how many users adopting it every month, what's fueling it

India TV News  

The digital payment sector continues to grow rapidly, with the Unified Payments Interface adding up to 60 lakh new users every month. According to the latest data from the National Payments Corporation of India, the number of transactions on the UPI platform increased by 49 percent year-on-year to 13.9 billion in June, with the transaction value rising by 36 percent …

Use Of UPI Payments In India Surged By 7.2% In 2022-23: Report
6 months ago

Use Of UPI Payments In India Surged By 7.2% In 2022-23: Report

News 18  

The use of digital technologies for business activities in India, especially Unified Payments Interface for ordering, has increased significantly. According to a recent survey by the Department of Statistics, the use of the Internet for business purposes, be it for UPI payments or online ordering, has increased from 7.7 percent to 13.5 percent in rural areas and from 21.6 percent …

UPI increases convenience but leading to another problem: Here's what experts have to say
7 months, 4 weeks ago

UPI increases convenience but leading to another problem: Here's what experts have to say

India TV News  

As more and more people in India embrace digital and cashless payments, they are using the Unified Payments Interface to purchase not only daily essentials but also expensive home appliances, high-end gadgets, and designer clothing. However, experts warn that the seamless and quick digital transaction process via UPI may lead people to overspend on items they may not need. According …

Banks rely on AI as digital transactions grow, and methodology of frauds evolves
8 months ago

Banks rely on AI as digital transactions grow, and methodology of frauds evolves

Hindustan Times  

India’s digital transactions continue to see rapid growth, and that translates to big volumes. On April 24, the Reserve Bank of India barred Kotak Bank from issuing new credit cards for now, due to “the absence of a robust IT infrastructure and IT Risk Management framework.” It draws on a mix of factors, including reliability of the bank’s infrastructure alongside …

The UPI paradox: Making you overspend but helping others save
8 months ago

The UPI paradox: Making you overspend but helping others save

India Today  

A small UPI code peeks out of the green coconuts heaped on Yuvraj Yadav's handcart outside a park in Delhi's GK-1. "A significant majority, 74.2% of the respondents, admitted to experiencing increased spending after adopting UPI," Dhruv Kumar, Assistant Professor of IIIT Delhi, tells IndiaToday.In. "Academic research suggests that paying with cash makes people spend more consciously than using digital …

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
8 months, 1 week ago

Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO

New Indian Express  

New Delhi, April 27 Yes Bank saw growth in unified payments interface transactions monthly -- from nearly 3.3 to 5 million -- after its partnership with Paytm, its Managing Director and CEO, Prashant Kumar, said on Saturday. Yes Bank registered Rs 452 crore in net profit for the fourth quarter of FY24 compared to Rs 202.43 crore in the same …

UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher
1 year ago

UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher

Live Mint  

The volume of UPI transactions continues to rise month after month as the total monthly transaction amount touched ₹18.23 lakh crore in Dec last year, 54 percent higher than the corresponding data of 2022. Also, the number of UPI transactions hit 11.24 billion in November and 11.41 billion in October. Month Transaction amount No of transactions Oct 17.16 11.41 billion …

RBI raises UPI transaction limits, e-mandate bar; check all announcements
1 year, 1 month ago

RBI raises UPI transaction limits, e-mandate bar; check all announcements

Hindustan Times  

Reserve Bank of India Governor Shaktikanata Das on Friday announced several decisions on the Unified Payments Interface, including raising the Unified Payments Interface payment limit to hospitals and educational institutions to ₹5 lakh from ₹1 lakh. The UPI, India's mobile-based fast payment system, enables users to make instantaneous, round-the-clock payments via Virtual Payment Address UPI limits increased: While unveiling the …

UPI Payment Limit to Hospitals Educational Institutes Raised to Rs 5 Lakh RBI
1 year, 1 month ago

UPI Payment Limit to Hospitals Educational Institutes Raised to Rs 5 Lakh RBI

Deccan Chronicle  

Mumbai: To encourage the use of UPI for medical and educational services, the Reserve Bank on Friday proposed to enhance the limit for payments to hospitals and educational institutions from Rs one lakh to Rs 5 lakh per transaction. Due to the ease of payments offered by it, UPI is emerging as a preferred mode of payment for not only …

UPI crosses 10 bn transactions second time in September
1 year, 3 months ago

UPI crosses 10 bn transactions second time in September

Deccan Chronicle  

Chennai: With Unified Payments Interface crossing 10 billion transactions for the second straight month, this seems to have become the new normal for the payment interface. UPI recorded 10.56 billion transactions worth Rs 15.8 lakh crore in September, according to the National Payments Corporation of India. While the transaction volume marginally increased from Rs 15.76 lakh crore in August to …

Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study
1 year, 3 months ago

Digital payment trends: UPI transactions skyrocket to an astounding 9.3 billion in June 2023, says study

Live Mint  

Worldline, a prominent player in payment services worldwide, has released its India Digital Payments Report for H1 2023. The total value of card transactions in H1’23 amounted to Rs 11.35 trillion, representing an 11.7 per cent increase from H1’22. Concerning transaction value, NB transactions in H1’23 totalled Rs 468.8 trillion, compared to Rs 442.4 trillion in H1’22, indicating a 5.9 …

UPI transactions surged to 9.3 bn in June 2023, driven by P2M: Worldline report
1 year, 3 months ago

UPI transactions surged to 9.3 bn in June 2023, driven by P2M: Worldline report

Live Mint  

The United Payments Interface transactions in India surged by 62% in the first half of 2023 compared to the same period last year. The UPI transactions reached 9.3 billion in June 2023, up from 151 million in January 2018, primarily driven by the growth in Person-to-Merchant transactions, a report by the global payments service provider Worldline revealed Tuesday. In January …

All panchayats to be declared UPI-enabled on August 15: Centre
1 year, 6 months ago

All panchayats to be declared UPI-enabled on August 15: Centre

The Hindu  

All panchayats across the country will mandatorily use digital payments for development work and revenue collection this Independence Day onwards, and be declared UPI-enabled, a letter issued by the Panchayati Raj Ministry said. States should "announce and inaugurate" the UPI-compliant panchayats in the presence of prominent dignitaries like Chief Ministers, MPs, and MLAs, the Ministry said in the letter to …

Data | UPI payments: relief for users, a headache for banks
1 year, 6 months ago

Data | UPI payments: relief for users, a headache for banks

The Hindu  

The dizzying array of daily limits on United Payments Interface transactions set by apps and banks — both in terms of value and volume — has put the spotlight on the rapid rise in such transactions in India in recent years. Such limits were introduced given the surge in the volume of UPI transactions in India in recent years after …

Explained | Daily limit on UPI transactions
1 year, 6 months ago

Explained | Daily limit on UPI transactions

The Hindu  

The story so far: As transactions facilitated by the Unified Payments Interface breach record highs, banks have opted for daily limits. As for apps, among others, Google Pay users breach the daily limit if they try to send money more than ten times in a single day across all UPI apps. The NPCI has also increased the value limit in …

In May, UPI hits record 9 billion transactions worth ₹14 lakh crore. Top points
1 year, 7 months ago

In May, UPI hits record 9 billion transactions worth ₹14 lakh crore. Top points

Hindustan Times  

The Unified Payments Interface hit record 9 billion transactions in May, according to data released by the National Payments Corporation of India. Let's continue this journey of growth and innovation!” The overall value of the transactions in May stood at 14.89 lakh crore and saw an increase of 43% on year-over-year basis. The overall value of the transactions in May …

India expected to become 50% non-cash economy in consumption by 2026
1 year, 8 months ago

India expected to become 50% non-cash economy in consumption by 2026

Firstpost  

India is expected to become a 50 per cent non-cash economy in consumption in the next three years. According to a new report, the person-to-merchat digital transactions could reach over $1.5 trillion by the Financial Year 2026. Saurabh Trehan, Partner and Leader of the Financial Services practice, Bain & Company, said, “With the current technical and financial momentum, India is …

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest
1 year, 9 months ago

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest

News 18  

“Bhaiya, QR code hai kya?” Honestly, we all can relate to this line. But some ppl be like: pic.twitter.com/hloHJmtzfb — Kadak March 29, 2023 A user shared how people would clean their devices after the UPI changes come into effect. #UPIcharges pic.twitter.com/UD3Na6BKPD— 👑Che_ಕೃಷ್ಣ🇮🇳💛❤️ March 29, 2023 In the middle of this, a user has shared the perfect UPI users vs …

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED
1 year, 9 months ago

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED

News 18  

National Payments Corporation of India on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. NPCI has permitted the PPI wallets to be part of interoperable UPI ecosystem and levied 1.1 per cent charge on unified payment interface transactions above Rs 2,000 while using PPI. “The interchange charges introduced are …

'Net' Gains: Digital Transactions in India in 2022-23 Break All Records
1 year, 11 months ago

'Net' Gains: Digital Transactions in India in 2022-23 Break All Records

News 18  

The number of digital transactions in India in this financial year is at a historic high, zooming past the last fiscal’s figure with still three months to go. The latest government data reveals that 9,192 crore digital transactions have been done in the country in this financial year till December 31, 2022. The total value of digital transactions in India …

Cabinet clears ₹2,600 cr scheme to promote RuPay debit card
1 year, 11 months ago

Cabinet clears ₹2,600 cr scheme to promote RuPay debit card

Hindustan Times  

The Cabinet on Wednesday approved a ₹2,600 crore scheme for promoting RuPay debit cards and low-value BHIM-UPI transactions. "India's strides in digital payments will be further strengthened by today's Cabinet decision regarding promotion of RuPay Debit Cards and BHIM-UPI transactions," Modi said in a tweet. "The approved incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions in …

UPI Transactions In December Hit 782 Crore, Value At Rs 12.82 Lakh Crore: NPCI Data
2 years ago

UPI Transactions In December Hit 782 Crore, Value At Rs 12.82 Lakh Crore: NPCI Data

News 18  

The Unified Payments Interface transactions touched a record 782 crore in December during the calendar year 2022, amounting to a record high of Rs 12.82 lakh crore. Meanwhile, during July-September 2022, digital payments, including unified payments interface, debit and credit cards, mobile wallets and prepaid cards, witnessed a total of 23.06 billion transactions aggregating to Rs 38.3 lakh crore. Currently, …

UPI apps like Google Pay, Paytm and PhonePe may impose transaction limits soon; details here
2 years, 1 month ago

UPI apps like Google Pay, Paytm and PhonePe may impose transaction limits soon; details here

Firstpost  

The National Payments Corporation of India, along with the Reserve Bank of India, has decided to implement its proposed 31 December deadline for limiting the volume cap for third-party app providers, as per reports. To avoid any monopoly by UPI apps, a proposal of a 30 per cent volume cap has been sent by the NPCI for approval from the …

Soon UPI Transfer Service To Start Between India-Singapore; Details Here
2 years, 1 month ago

Soon UPI Transfer Service To Start Between India-Singapore; Details Here

News 18  

Money transfers between India and Singapore using the unified payments interface will start soon, and technical preparations to link UPI and PayNow have been completed. “Singapore wants to connect its PayNow with UPI and that project will finish sometime in the next few months when that happens anybody sitting in Singapore will be able to send money to their family …

Online Transactions Worth Rs 36 Trillion Made By Indians In Q2 2022
2 years, 3 months ago

Online Transactions Worth Rs 36 Trillion Made By Indians In Q2 2022

News 18  

India saw 20.57 billion online transactions worth Rs 36.08 trillion in the second quarter this year, a report showed on Tuesday. “UPI P2P accounted for 49 per cent in volume and 67 per cent in value but in terms of merchants’ transactions, UPI P2M emerged as the preferred payment mode with a market share of 34 per cent in volume …

UPI transactions up over 3 per cent at 678 crore in September: NPCI Data
2 years, 3 months ago

UPI transactions up over 3 per cent at 678 crore in September: NPCI Data

India TV News  

UPI transactions grew by over 3 per cent to 6.78 billion in September from a month ago, data from NPCI showed on Saturday. In value terms, 6.78 billion transactions in last month corresponds to transactions worth Rs 11.16 lakh crore, up from Rs 10.73 lakh crore in August, as per the National Payments Corporation of India data. In July, India …

RuPay introduces UPI payments through its credit cards. Details here
2 years, 3 months ago

RuPay introduces UPI payments through its credit cards. Details here

Hindustan Times  

The National Payments Corporation of India has announced a feature enabling linkage of RuPay credit card to the unified payments interface. By linking RuPay credit card on UPI, now the customers can benefit from increased opportunity to use their credit cards while the merchants will benefit from the increase in consumption by being a part of the credit ecosystem with …

UPI: To charge or not to charge
2 years, 4 months ago

UPI: To charge or not to charge

Hindustan Times  

From less than a crore in monthly transactions in July 2016, the value of United Payments Interface transactions has grown to ₹10.6 lakh crore in July 2022. The ministry’s view may be driven by prudence, but it also needs to look at the challenge of sustaining the digital payments revolution, and perhaps India the global leader in this realm. The …

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions
2 years, 4 months ago

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions

The Hindu  

Expanding further outside India, the indigenously developed real-time payments solution the Unified Payments Interface will foray into the United Kingdom market starting with QR code-based transactions. The NPCI International Payments Ltd has forged a partnership with payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in the U.K. NIPL is the wholly-owned subsidiary of National Payments Corporation …

'Outstanding accomplishment', says PM Modi as UPI records 6 billion transactions in July, highest since 2016
2 years, 5 months ago

'Outstanding accomplishment', says PM Modi as UPI records 6 billion transactions in July, highest since 2016

Firstpost  

Prime Minister Narendra Modi said that digital payments were very much helpful during the COVID-19 pandemic New Delhi: “Outstanding accomplishment” said Prime Minister Narendra Modi as her praised the Unified Payments Interface recording six billion transactions in July. https://t.co/roR2h89LHv — Narendra Modi August 2, 2022 PM Narendra Modi’s remarks came in response to a tweet by Union Finance Minister Nirmala …

PM Modi lauds UPI transactions crossing record 6 billion in July
2 years, 5 months ago

PM Modi lauds UPI transactions crossing record 6 billion in July

India TV News  

Highlights Modi hailed achievement of UPI transactions crossing 6 billion in July UPI reported 6.28 bn transactions worth Rs 10.62 trillion in July -- an increase of 7% over June UPI's target is to process a billion transactions a day in the next five years Prime Minister Narendra Modi on Tuesday hailed the achievement of Unified Payments Interface transactions crossing …

Rise in Spending Through Credit Cards, Debit Cards, UPI Indicates Pick-Up In Consumption: FinMin
2 years, 6 months ago

Rise in Spending Through Credit Cards, Debit Cards, UPI Indicates Pick-Up In Consumption: FinMin

News 18  

Spending through credit cards and debit cards in April jumps 77.8 per cent and 12.5 per cent to Rs 1.05 lakh crore and 3.49 lakh crore, respectively. “Value of UPI transactions processed through the National Payment Corporation of India stood at Rs 10.4 lakh crore during May 2022, the highest since UPI was launched in 2016, registering month-on-month growth of …

UPI Reaches Another Milestone in May with Record Transactions Worth Rs 10 Lakh Crore
2 years, 7 months ago

UPI Reaches Another Milestone in May with Record Transactions Worth Rs 10 Lakh Crore

News 18  

UPI Makes Record: Unified Payments Interface transactions have reached yet another milestone in May, new data from the National Payments Corporation of India, or NPCI, showed. As per the data, India’s flagship digital payment platform UPI has broken yet another record by processing transactions worth more than Rs 10 lakh crore. As per data available on the NPCI website, UPI …

More than Rs 83 lakh crore exchanged using UPI mode of transaction in 2021-22
2 years, 9 months ago

More than Rs 83 lakh crore exchanged using UPI mode of transaction in 2021-22

India TV News  

Highlights UPI has been used for exchanging a value of Rs 83 lakh crore in the financial year 2021-22. The popular Unified Payments Interface digital payments method has clearly won hearts and has been used for exchanging a value of Rs 83 lakh crore in the financial year 2021-22. The transaction value till March 29 stood at Rs 8.8 lakh …

Mapping India's digital transactions
2 years, 9 months ago

Mapping India's digital transactions

Business Standard  

Last week, India's central bank finally rolled out Unified Payments Interface for low-cost feature phones. The need for the new service arose because despite transaction volume for digital payments growing, transactions from USSD service were declining. In February, 14 crore rupees worth of transactions were done using the USSD service, way lower than 21 crore rupees value achieved in January …

Digital Transactions This Financial Year May Touch Volume of 70 Billion, Cross Pandemic Year Record
3 years, 1 month ago

Digital Transactions This Financial Year May Touch Volume of 70 Billion, Cross Pandemic Year Record

News 18  

The volume of digital payments made by Indians in the current financial year is set to hit 70 billion at the current pace and easily surpass the record levels of 2020-21 when the Covid-19 pandemic had hit home and made people shift to doing digital payments in a big way. This is already in touching distance of 45.72 billion digital …

UPI Transactions Hit 2.8 Billion in June, All-Time High as Lockdown Lifts
3 years, 6 months ago

UPI Transactions Hit 2.8 Billion in June, All-Time High as Lockdown Lifts

News 18  

In an interesting turn of events, the monthly Unified Payments Interface ecosystem across India saw a massive spike in activity. Data released by the National Payments Corporation of India, on Thursday, showed that the number of transactions seen during the month of June was approximately 2.80 billion with a worth of around Rs 5,47,373 crore on the UPI interface platforms. …

PhonePe Continues to Lead UPI-Based Payments Market With Over 970mn Transactions in February 2021
3 years, 10 months ago

PhonePe Continues to Lead UPI-Based Payments Market With Over 970mn Transactions in February 2021

News 18  

PhonePe continued to lead the UPI-based digital payments market in India in February 2021, with over 970 million transactions, the company announced earlier today. The National Payments Corporation of India website shows that roughly 2,292 million UPI transactions worth Rs 4,25,062 crores took place in India last month, though the full report is yet to be shared. PhonePe’s domestic rival …

UPI Payments via Google Pay, PhonePe and More May Not Function Properly For Few Days, Here's Why
3 years, 11 months ago

UPI Payments via Google Pay, PhonePe and More May Not Function Properly For Few Days, Here's Why

News 18  

Customers using UPI for online transactions may face errors between 1 AM to 3 AM IST for the next few days as the National Payment Corporation of India is upgrading its digital payment platform. The development essentially means that users who are transacting through the UPI gateway via BHIM or third-party apps such as Google Pay, Paytm and PhonePe may …

PhonePe Finally Overtook Google Pay In UPI Payment Stakes And That Is Crucial As UPI Cap Is Live
3 years, 11 months ago

PhonePe Finally Overtook Google Pay In UPI Payment Stakes And That Is Crucial As UPI Cap Is Live

News 18  

It has been a fairly long battle between digital payment apps Google Pay and PhonePe saw a new winner in December, with PhonePe taking the lead in the monthly UPI transactions. According to the latest numbers by the National Payments Corporation of India, PhonePe clocked 902.03 million user-initiated transactions in December which amounted to a value to Rs 182,126.88 crore. …

UPI recorded 2.23 billion transactions worth Rs 4.16 trillion in December 2020 reports NPCI
4 years ago

UPI recorded 2.23 billion transactions worth Rs 4.16 trillion in December 2020 reports NPCI

Firstpost  

Unified Payments Interface or UPI has crossed Rs 4 trillion worth transactions in a month. The digital payments system has recorded 2.23 billion transactions amounting to Rs 4,16,176.21 crore or Rs 4.16 trillion in December 2020, according to NPCI. This is a one percent jump in volume and a 6.4 percent surge in value for UPI from November which had …

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