UPI registers record 4.21 bn transactions worth Rs 7.71 trn in October

Unified Payments Interface, or UPI as it is popularly known, recorded over 4 billion transactions in October, a new all-time high for the payment’s platform since its inception, driven by the festive season. In value terms, the payments platform saw transactions worth Rs 7.71 trillion in October, a record high.

UPI had logged 3.65 billion transactions worth Rs 650 crore in September. On a month-on-month basis, UPI recorded a 15 per cent jump in volume of transactions and 18.5 per cent increase in value of transactions in October. And, on a year–on–year basis, the volume of transactions more than doubled and the value of transactions also recorded a near 100 per cent jump.