At 3.5 Billion Transactions in August, UPI Clocks 120% Surge in Volume
In August, UPI processed 3.55 billion transactions, which is a new milestone for the payment network since its inception. In terms of value, UPI transactions were Rs. 6.39 trillion (US$ 87.47 billion) in August, which is a new high. In August, UPI’s volume of transactions increased by 9.5% month over month (MoM), while the value of transactions increased by 5.4%.