UPI Transactions: The 12 months 2024 is in its ultimate levels. If we glance again throughout this era, India achieved many massive achievements this 12 months. These embrace the profitable testing of long-range hypersonic missiles and the nation’s emergence as a worldwide chief within the pharmaceutical manufacturing sector. India made one other achievement within the 12 months 2024. This 12 months, a file 16.5 billion transactions happened through UPI within the nation.
MyGovIndia wrote about it on its official account on Twitter that the 12 months 2024 was historic for India as a result of throughout this era many massive achievements had been achieved, good work was finished in several sectors. This journey in the direction of a developed India below the steerage of Prime Minister Narendra Modi will encourage the world.
2024 has been a landmark 12 months for India, marked by historic achievements and distinctive progress throughout sectors. Under PM @narendramodi‘s steerage, the journey in the direction of #ViksitBharat continues to encourage the world.
UPI in 2024 simply smashed data with 16.5 billion transactions!… pic.twitter.com/hn117cigam
— MyGovIndia (@mygovindia) December 26, 2024
UPI launched in 2016
This digital system was began within the nation within the 12 months 2016 and that is the most important quantity of transactions until date. In September this 12 months, it reached Rs 15.04 billion in phrases of quantity, whereas in July it reached Rs 20.64 trillion in phrases of worth.
The knowledge of the final months exhibits that this transaction happened between the person and the businessman for the acquisition and sale of items and providers. It bought a lift throughout the festive season of October. This was the primary time that UPI had crossed the determine of Rs 16 billion in quantity and Rs 23 trillion in worth. Compared to September, quantity elevated by 10 % and worth by 14 %.
Lots of transactions happened in August and October
According to knowledge from National Payments Corporation of India (NPCI), in August this 12 months, 14.96 billion transactions happened through UPI, the overall worth of which was Rs 20.61 trillion. The quantity of every day UPI transactions in October was 535 million. During this era, the typical transaction worth was Rs 75,801 crore per day. Whereas it was Rs 501 million and Rs 68,800 crore.
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