UPI transactions rises 8% to 16.73 billion in December: Report – Newz9

NEW DELHI: Unified Payments Interface (UPI) achieved unprecedented file of 16.73 billion in December, exhibiting an 8 per cent improve in contrast to the earlier month’s determine of 15.48 billion, in accordance to the National Payments Corporation of India (NPCI).
UPI transaction depend was 15.48 billion in the month of November, in accordance to information company PTI.
The transaction worth reached Rs 23.25 lakh crore in December 2024, greater than November’s Rs 21.55 lakh crore, in accordance to NPCI information. Daily transactions in December averaged 539.68 million, rising from November’s 516.07 million.
The common each day transaction worth in December stood at Rs 74,990 crore, surpassing November’s determine of Rs 71,840 crore.
NPCI, established by way of collaboration between the Reserve Bank of India (RBI) and the Indian Banks’ Association, features because the central group supervising retail funds and settlement methods in India (IBA).
The group administers the Unified Payments Interface (UPI), enabling instantaneous peer-to-peer transfers and service provider funds throughout purchases.