UPI deal value hits Rs 10.73 Lakh Crore in August, up slightly from July

0
0


Last update: 01 September 2022, 14:01 IST

The value of UPI transactions during the month of August this year relates to a total of 6.57 billion (657 crore) transactions

The value of digital payment transactions via UPI rose to Rs 10.73 lakh crore in August this year, up slightly from the previous month, according to data released on Thursday.

New Delhi: The value of digital payment transactions via UPI rose to Rs 10.73 lakh crore in August this year, up slightly from the previous month, data showed on Thursday. In July 2022, the digital transaction value based on UPI stood at Rs 10.63 lakh crore.

The value of UPI transactions during August this year totaled 6.57 billion (657 crore) transactions, down from 6.28 billion (628 crore) the previous month, according to data released by the National Payments Corporation of India (NPCI). In June, there were 5.86 billion transactions, valued at Rs 10.14 lakh crore.

Among other datasets on the NCPI framework, the Instant Transfer-based IMPS recorded transactions worth Rs 4.46 lakh crore in August, for a total of 46.69 crore in transactions. In July, it stood at Rs 4.45 lakh crore in terms of value for a total of 46.08 crore in transactions.

The NETC FASTAG for automatic deduction of tolls at toll plazas witnessed transactions worth Rs 4,245 crore in August, up from Rs 4,162 crore the previous month. In terms of number of transactions, this was over 27 crores in August compared to 26.5 crores in July.

In terms of payment based on Aadhaar – AePS – transactions fell by nearly 10% to Rs 27,186 crore in August, from Rs 30,199 crore in the previous month. The number of transactions fell to 10.56 crores from 11 crores.

Read all Latest business news and recent news here



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.