October 3, 2022
In July this year, 6.28 billion UPI transactions amounting to a value of INR 10.62 trillion were processed in India
Payments through Immediate Payments Service (IMPS) stood at 462.69 million in September FY23
Transactions through the Aadhaar-Enabled Payment System (AePS) were 102.66 million
The total number of UPI-based digital transactions in August 2020 stood at 6.57 billion
UPI transactions in India increased by over 3% to 6.78 billion in September this year, compared to the previous month, according to data from the National Payments Corporation of India (NPCI).
In terms of value, last month saw transactions amounting to INR 11.16 trillion, which was above the INR 10.73 trillion recorded in August FY23. In July this year, 6.28 billion UPI transactions amounting to a value of INR 10.62 trillion were processed in the country.
Regarding other types of payments registered under the NPCI, media reports said that payments through IMPS stood at 462.69 million in September FY23, compared to 466.91 million in the previous month. In July, it was 460.83 million. Transactions through the Aadhaar-Enabled Payment System (AePS) were 102.66 million in September FY23, compared to the previous month’s 105.65 million. In July, there were as many as 110.48 million AePS transactions
The total number of UPI-based digital transactions in August 2020 stood at 6.57 billion.
Source: Hindu BusinessLine