The Total Value Of UPI Enabled Transactions Reached $1.5 Bn In November From $1.07 Bn In October
After clocking 76.8 Mn transactions in October, the Unified Payments Interface (UPI) hit a record high of 105 Mn transactions last month. According to data released by NPCI (National Payments Corporation of India), the near 38% jump has largely been due to the increased adoption of UPI based digital payments solutions by consumers as well as the entry of global technology players like Google and Paypal.
According to the report, the value of transactions reached $1.5 Bn (INR 9,679 Cr) in November, compared to $1.07 Bn (INR 7,028 Cr) in October.