UPI: The Finance Ministry knowledgeable on Saturday that Unified Payments Interface (UPI) has achieved greater than 15,547 crore transactions value Rs 223 lakh crore from January to November this yr. The Finance Ministry shared data associated to UPI concerning the digital fee revolution via a publish from its official X deal with.
Record UPI transactions value Rs 23.50 lakh crore in October
After reaching a file excessive of 16.58 billion transactions and worth of Rs 23.50 lakh crore in October 2024, the variety of UPI transactions in November stood at 15.48 billion, up 38 per cent YoY, with worth up 24 per cent YoY. It was Rs 21.55 lakh crore.
Earlier, the Finance Ministry had knowledgeable that within the first 7 months of FY 2025, transactions via UPI on Rupee Credit Card have virtually doubled as in comparison with the identical interval of FY 2024.
More than 750 million transactions via UPI RuPay bank cards from April to October
From April to October this yr, greater than Rs 750 million UPI bank card transactions amounting to Rs 63,825.8 crore had been made. At the identical time, within the monetary yr 2024, the variety of transactions via UPI RuPay bank card was 362.8 million, the entire worth of which was Rs 33,439.24 crore.
driving the #DigitalPayment revolution, UPI achieved 15,547 crore transactions value Rs. 223 lakh crore from January to November, 2024, showcasing its transformative impression on monetary transactions in India.
⁰#FinMinYearReview2024⁰#BankingInitiatives⁰#ViksitBharat pic.twitter.com/Bkbag6542k— Ministry of Finance (@FinMinIndia) December 14, 2024
Government releases data constantly
The authorities began the power of UPI transactions on RuPay bank card in September 2022. Users utilizing Rs bank card can do their transactions via the cardboard with the assistance of UPI app. Earlier, figures for October and November had been additionally released by the federal government concerning the success of UPI.
UPI was launched by the National Payments Corporation of India (NPCI) in 2016. With UPI, online fee facility is out there by integrating a number of financial institution accounts right into a single cellular software.
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