Digital transactions of over Rs 4 lakh cr done through UPI in Dec 2020: President

NEW DELHI: Over Rs 4 lakh crore worth of digital transactions were facilitated by UPI in December 2020 and more than 200 banks are linked to the UPI system, President Ram Nath Kovind said on Friday.

Addressing the joint sitting of Parliament on the first day of the Budget session, Kovind said the trinity of Jan Dhan Accounts, Aadhaar and Mobile (JAM) has helped safeguard the rights of people and Rs 1.8 lakh crore have been saved from falling into wrong hands.

“While maintaining the requirement of ‘Do Gaj ki Doori’, the institutions and citizens of our country did not allow the pace of growth to slacken, by leveraging the power of Digital India. In December 2020, digital transactions of more than Rs 4,00,000 crore have been done through UPI,” he said.