Kant further said that UPI's transactions value jumped 76.5 per cent while transaction value jumped nearly 100 per cent.
"Phenomenal! UPI recorded 2.3 billion transactions worth Rs 4.3 trillion in Jan 2021. On a YOY basis, UPIs transaction value jumped 76.5 % while transaction value jumped nearly 100%. Took UPI 3 years to cross 1 billion transactions a month. Next billion came in less than a year," the NITI Aayog CEO tweeted.
UPI is a common system that powers multiple bank accounts into a mobile application, merging several banking features, seamless fund routing and merchant payments. It also caters to the "Peer to Peer" collect request which can be scheduled and paid as per requirement and convenience
UPI records 2.3 billion transactions worth Rs 4.2 trillion in Jan 2021: NITI Aayog CEO
ANI
New Delhi , February 4
As many as 2.3 billion transactions worth Rs 4.2 trillion were recorded through Unified Payment Interface (UPI) in the month of January this year, NITI Aayog CEO Amitabh Kant said on Wednesday.
Disclaimer: This story was supplied by an external content provider; we do not endorse or accept responsibility for its accuracy, completeness, or any outcomes from relying on it. It is for informational purposes only and does not constitute legal, financial, medical, or other professional advice. Laws and regulations vary and may change; readers should verify accuracy and compliance with local requirements and consult a qualified professional for tailored guidance.
