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Rs 81 Lakh Crore Worth Transactions Processed By UPI In April-July

Rs 81 Lakh Crore Worth Transactions Processed By UPI In April-July

NDTV
Saturday, August 31, 2024 05:22:11 AM UTC

In July, UPI transactions crossed Rs 20.6 lakh crore the highest-ever during a month.

Surpassing world's leading digital payments platforms, India's Unified Payments Interface (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).

According to latest data by global payments hub Paysecure, UPI 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, the data showed.

In July, UPI transactions crossed Rs 20.6 lakh crore — the highest-ever during a month. The value of UPI transactions processed remained above Rs 20 lakh crore for three consecutive months.

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