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UPI Transactions Volume Grew 38 Times This Year

February 05, 2018

UPI Transactions Volume Grew 38 Times This Year

As per the data released by the National Payments Corporation of India, the payments made over the United Payments Interface (UPI) channel increased 38 times last month on a year over year basis.

On a month over month basis, the volume of transactions via Bharat Interface for Money (BHIM) increased by 5.5% to 9.57 million. In addition to that, the value of these transactions also grew by 21% to a little over 3,000 crores.

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