UPI transactions grew by over 3 per cent to 6.78 billion in September from a month ago, data from NPCI showed on Saturday. In August 2020, the total number of Unified Payment Interface (UPI) based digital financial transactions stood at 6.57 billion (657 crore). In value terms, 6.78 billion (678 crore) transactions in last month corresponds to transactions worth Rs 11.16 lakh crore, up from Rs 10.73 lakh crore in August, as per the National Payments Corporation of India (NPCI) data. ..
UPIUPI is becoming a preferred mode among users and it is simple to use, fast and a secure payment method. Among other payments methods under the NPCI umbrella, the instant inter-bank payments through IMPS stood at 462.69 million (46.27 crore) in September slightly lower from 466.91 million (46.69 crore) in the preceding month. In July, it was 460.83 million (46.03 crore). Aadhaar number based AePS transactions stood at 102.66 million in September, as against 105.65 million a ..
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