UPI transactions may soon touch 100 billion a month, says NPCI CEO

Digital payments on the Unified Payments Interface (UPI) have the potential to touch 100 billion transactions a month in the near future.

Dilip Asbe, managing director (MD) and chief executive officer (CEO) at the National Payments Corporation of India (NPCI), in conversation with Rajan Anandan, MD, Peak XV and Surge at the Global Fintech Fest in Mumbai, said that the UPI transactions can grow 10 times every month.

When asked on the growth potential of UPI, Asbe said: “Today, UPI is used by 350 million people. We have a three-time opportunity on the user side and a three-time opportunity on the merchant side. We have an opportunity to grow 10 times from here.”