New Delhi, Sep 1
In a significant development, the Unified Payments Interface (UPI) crossed 20 billion transactions in August for the first time in its history, the National Payments Corporation of India (NPCI) data showed on Monday.
In August, UPI transactions reached 20.01 billion mark, registering a 2.8 per cent increase over July (19.47 billion). On the annual basis, this is a 34 per cent increase.
In terms of value, UPI recorded transactions worth Rs 24.85 lakh crore during August, up 24 per cent on-year, the data showed.
Moreover, the average daily transaction count jumped to 645 million, and the daily transaction value stood at Rs 80,177 crore, as per the NPCI data.
UPI had earlier achieved a record of crossing 700 million transactions in a single day on August 2.