Saturday, January 22, 2022

India records 355 crore digital transactions through UPI in August

India has recorded 355 crore digital transactions through Unified Payments Interface, UPI in August this year. As per data released by National Payments Corporation of India, a total of over six lakh 39 thousand crore rupees digital transactions have been registered. In July this year, a total of 324 crore transactions worth over six lakh crore rupees were recorded.

UPI is a common system that powers multiple bank accounts into a mobile application, merging several banking features, seamless fund – routing and merchant payments.

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