UPI ended 2023 at a high, setting new records in transaction count and value. In December, there were over 1,200 crore transactions worth more than Rs 18 lakh crore. This is a marginal increase compared to November’s already peaked Rs 17.4 lakh crore. Data from NPCI shows that in 2023, there were over 11,765 UPI transactions worth Rs 182.2 lakh crore, a 59% increase in volume and a 45% increase in value compared to 2022. NPCI has also announced the launch of ‘UPI for Secondary Market’ and Hitachi Payment Services introduced the country’s first-ever UPI-ATM.
Source: Times of India
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UPI payments hit new record in 2023 with transaction count, value
UPI ended 2023 at a high, setting new records in transaction count and value. In December, there were over 1,200 crore transactions worth more than Rs 18 lakh crore. This is a marginal increase compared to November’s already peaked Rs 17.4 lakh crore. Data from NPCI shows that in 2023, there were over 11,765 UPI transactions worth Rs 182.2 lakh crore, a 59% increase in volume and a 45% increase in value compared to 2022. NPCI has also announced the launch of ‘UPI for Secondary Market’ and Hitachi Payment Services introduced the country’s first-ever UPI-ATM.
Source: Times of India
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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