UPI transactions grow by 3%, reach 6.78 billion in September 2022

The total value of Unified Payments Interface (UPI) transactions reached INR 11.16 trillion, last month

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

Recent Articles

India’s merchandise exports to reach US$ 500 billion by FY25: FIEO

May 17, 2024

The Federation of Indian Export Organisations (FIEO) projects that the …

Read More

India’s PC market sees 2.6% growth in Q1 2024 driven by govt. procurement

May 16, 2024

Despite challenges, the PC market in India has shown resilience, …

Read More

India-Norway consultations strengthen cooperation ahead of India-Nordic Summit

May 15, 2024

The 11th India-Norway Foreign Office Consultations (FOC) were held on …

Read More