UPI transactions reached 657 Crore in August 2022

UPI transactions hit record 657 crore in August 2022: The Unified Payments Interface (UPI) has recorded 657 crore transactions in August 2022, a 5% month-on-month growth compared to the previous month.

September 2022 Current Affairs Quiz

The transaction volume has crossed Rs 10.72 lakh crore in August. In July 2022, the UPI transactions breached the level of 600 crore.

The growth in UPI volumes by nearly 100% year-on-year (YoY) and amounts transacted growing by 75% YoY. NPCI also aims to process 1 billion transactions per day in the next few years.