• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

UPI Transactions Rise 41 Pc To Touch Record 14.96 Billion In August: NPCI

OMMCOM NEWS by OMMCOM NEWS
September 1, 2024
in Business
UPI

 New Delhi: The Unified Payments Interface (UPI) saw 41 per cent growth (year-on-year) at record 14.96 billion transactions in the month of August, as total transaction amount touched Rs 20.61 lakh crore — a 31 per cent YoY growth, the National Payments Corporation of India (NPCI) data showed on Sunday.

The average daily transaction amount stood at 483 million last month, as average daily transaction amount reached Rs 66,475 crore. The value of UPI transactions processed has remained above Rs 20 lakh crore for four consecutive months. In July, the UPI-based transactions clocked Rs 20.64 lakh crore and the total UPI transaction count was 14.44 billion.

The average daily transaction volume stood at 466 million, as average daily transaction amount stood at Rs 66,590 crore, according to the NPCI data. UPI is now adding up to 60 lakh new users every month, fuelled by the RuPay credit card on UPI and its launch in foreign countries. The NPCI has also set an ambitious target of achieving 1 billion UPI transactions per day in the coming years.

UPI processed nearly Rs 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year), surpassing world’s leading digital payments platforms. The homegrown digital payments solution processed 3,729.1 transactions per second — a 58 per cent surge over the 2,348 transactions every second registered in 2022— surpassing China’s Alipay, Paypal and Brazil’s PIX in the number of transactions, according to latest data by global payments hub Paysecure.

India leads the world in digital transactions, with over 40 per cent of payments being made digitally, and UPI being used for a majority of them. According to Dilip Asbe, CEO of National Payments Corporation of India (NPCI), UPI has the potential to touch 100 billion transactions in the next 10-15 years backed by credit growth.

Credit has already been launched on UPI and the commercials would be released within in a couple of weeks. RBI Governor Shaktikanta Das said recently that based on the encouraging response received from several jurisdictions, the central bank is now focusing on making “UPI and RuPay truly global”.

IANS

Tags: UPI Transaction
ShareTweetSendSharePinShareSend
Previous Post

Depression Over BoB Crosses North Andhra Pradesh And South Odisha Coast

Next Post

Chronic Diseases, Lifestyle Factors Can Raise Inflammation, Up Cognitive Decline Risk

Related Posts

GDP Growth
Business

Crisil Expects India’s GDP Growth To Remain Steady At 6.5 Pc, Another Rate Cut This Fiscal

September 29, 2025
Business

UP Trade Show Concludes In Greater Noida: Piyush Goyal Says State Is Emerging As Investors’ Choice

September 29, 2025
Business

Markets End Flat Ahead Of RBI Policy Outcome; Banking, Financial Services Stocks Rise

September 29, 2025
Business

Moody’s Affirms India’s Baa3 Rating With Stable Outlook

September 29, 2025
Business

Shirish Chandra Murmu Appointed RBI Deputy Governor

September 29, 2025
Business

Indian Discoms’ Operational Losses To Be Reduced By A Third In FY26: Report

September 29, 2025
Next Post

Chronic Diseases, Lifestyle Factors Can Raise Inflammation, Up Cognitive Decline Risk

Several Trains Cancelled As Heavy Rains Damage Railway Track In Telangana

US Open: Bopanna-Sutjiadi Cruise Into Mixed Doubles Quarterfinals

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.