UPI records 3.65 bn transactions worth Rs 6.54 trillion in September

The National Payments Corporation of India’s (NPCI) flagship payment platform, Unified Payments Interface (UPI), logged 3.65 billion transactions worth Rs 6.5 trillion in September, an all-time high, both in volume and value terms. It was also the third straight month with more than 3 billion transactions on the platform, signaling the wider digital payment adoption in the country since the Coronavirus (Covid-19) pandemic hit.

On a month-on-month (MoM) basis, UPI’s volume of transactions was up 3 per cent, and the value of transactions was up 2.35 per cent. However, on a year-on-year basis, both volume and value of transactions have