Record transaction of Rs 17.16 lakh crore through UPI in October. Loktej Business News
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New Delhi, 01 November (HS). Transactions through Unified Payments Interface (UPI) are continuously increasing. UPI processed 1141 crore transactions worth a total of Rs 17.16 lakh crore in October. This is the third consecutive month when more than Rs 1000 crore transactions have been done through UPI.
National Payments Corporation of India (NPCI) said in the data released on Wednesday on ‘X’ post that a total of 1141 crore transactions worth Rs 17.16 lakh crore have been done in October. In September, there were 1,056 crore transactions worth Rs 15.80 lakh crore through UPI. In August, 1058 crore transactions worth Rs 15.76 lakh were done through UPI.
According to NPCI, in the financial year 2022-23, the UPI platform processed a total of 8,376 crore transactions worth Rs 139 lakh crore. Before that, in the financial year 2021-22, 4,597 crore transactions worth Rs 84 lakh crore were processed. A report by PwC India said that UPI transactions are expected to reach Rs 100 crore per day by FY 2026-27.
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