UPI crosses 10 billion transactions mark for the first time in history

UPI recorded 10.24 billion transactions amounting to Rs 15.18 lakh crore in the first 30 days of August, with one day still to be accounted for.

Given the monthly average of over Rs 50,000 crore in daily UPI transactions, the total value for August is projected to exceed Rs 15.50 lakh crore.

The latest data indicates a nearly 52% YoY growth from August 2022, which saw approximately 6.5 billion UPI transactions.