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UPI Payments Volume Grow More than 100%
November 03, 2017
In what’s a clear indicator of the growing adoption of UPI’s payment channel, as many as 76.9 million transactions were recorded on the same in October compared to the 30.9 million of September. This rate of growth, which is above 100%, is as per the data shared by the National Payments Corporation of India(NPCI) on its social media profiles.
Apart from the growth in the volume of transactions, the UPI channel saw a 32.5% growth in the total amount transferred on a year-over-year basis as well, as it stood at Rs. 7,057 crores compared to Rs. 5325 crores last year.
