UPI recorded 678 crore transactions in September 2022

October 2, 2022

, By Team SNFYI

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The Unified Payments Interface (UPI) recorded 678 Cr transactions in September 2022, a 3.2% increase from August 2022, when it recorded 657 Cr transactions. Meanwhile, transaction volume increased 4% month on month (MoM) in September to INR 11.16 Lakh Cr, crossing the 11 Lakh Cr mark for the first time.

UPI transaction volume was INR 10.73 Lakh Cr in August. In May 2022, the transaction volume surpassed INR 10 Lakh Cr for the first time. So far, the total UPI transaction volume in 2022 is INR 89.10 Lakh Cr ($1.09 Tn). This is also the first time that UPI volume has surpassed $1 trillion in a calendar year since its inception in 2016. UPI recorded INR 73 Lakh Cr (approximately $970 Bn) in transactions in 2021, more than doubling from INR 33.87 Lakh Cr in 2020.

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UPI recorded 678 crore transactions in September 2022

October 2, 2022

, By Team SNFYI

The Unified Payments Interface (UPI) recorded 678 Cr transactions in September 2022, a 3.2% increase from August 2022, when it recorded 657 Cr transactions. Meanwhile, transaction volume increased 4% month on month (MoM) in September to INR 11.16 Lakh Cr, crossing the 11 Lakh Cr mark for the first time.

UPI transaction volume was INR 10.73 Lakh Cr in August. In May 2022, the transaction volume surpassed INR 10 Lakh Cr for the first time. So far, the total UPI transaction volume in 2022 is INR 89.10 Lakh Cr ($1.09 Tn). This is also the first time that UPI volume has surpassed $1 trillion in a calendar year since its inception in 2016. UPI recorded INR 73 Lakh Cr (approximately $970 Bn) in transactions in 2021, more than doubling from INR 33.87 Lakh Cr in 2020.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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