UPI Transactions Soar to All-time High of Rs17.16 Lakh Crore in October
IANS 01 November 2023
Unified Payment Interface (UPI) transactions soared to an all-time high of Rs17.16 lakh crore in October with a 9% increase from Rs15.8 lakh crore in September this year, according to data.
 
In volume terms also the number of transactions touched a record 11.41 billion, up 8% compared to 10.56 billion in September, the data compiled by the National Payments Corporation of India (NPCI), which runs the real-time payments platform, revealed.
 
Based on the latest numbers, UPI has recorded a 55% year-on-year growth in terms of transaction volume and 42% growth in terms of value, according to NPCI.
 
UPI registered a transaction volume of 10.56bn in September and crossed the 10bn mark in August.
 
“Over 11 Billion UPI transactions were done in October 2023! People are making seamless payments from mobile in real-time with UPI,” the Ministry of Electronics and IT posted on X.
 
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