UPI transaction volumes rise 32% year-on-year to 20.47 billion in November: NPCI

On average, 682 million UPI transactions worth ₹87,721 crore were recorded daily in November | Photo credit: ALLEN EGENUSE J India’s own Unified Payments Interface (UPI) platform recorded 20.47 billion monthly transactions totaling ₹26.32 lakh crore in November, NPCI data showed. Transaction volume and value increased by 32 percent year-on-year (year-on-year) and 22 percent year-on-year, […]

UPI most used for paying groceries, restaurants Bill: NPCI

On average, 628 million UPI transactions were carried out daily in July Photocredit: Allen Egenuse J Most uniform payment interface (UPI) transactions are carried out to pay for groceries, restaurants, mobile network accounts and accounts on service stations, gaming apps and cigarette stores, according to data from National Payments Corporation of India (NPCI). The NPCI […]