September 3, 2023
1 min read

UPI Transactions Surpassing 10 Billion in August

UPI transactions touched 10.58 billion in August, while the amount transacted during the month was Rs 15.76 lakh crore. …reports Asian Lite News

Prime Minister Narendra Modi on Friday lauded UPI transactions crossing the 10 billion mark in August.

“This is exceptional news! It is a testament to the people of India embracing digital progress and a tribute to their skills. May this trend continue in the times to come,” the PM said in a comment on X (formerly Twitter).

He was responding to a tweet by the National Payments Corporation of India (NPCI), which said, “It’s 10 Billion+ transactions in August`23! Make seamless payments from your mobile in real-time with UPI.”

UPI transactions touched 10.58 billion in August, while the amount transacted during the month was Rs 15.76 lakh crore. There has been a 61 per cent year on year growth on transaction count, while in terms of transaction amount, there has been a 47 per cent year on year growth between August 2022 and August 2023.

NPCI is an umbrella organisation for all retail payments in the country.

ALSO READ: e& Capital Invests in Ikigai Labs’ AI Revolution

Previous Story

Brightcom Group Leads NSE 500 Losers, Down 32% in August

Next Story

Biden recasts US-China engagement over Taiwan, making it key third party

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop

Don't Miss

PhonePe Lights Up Nepal with UPI Wonders

Nepal is a very popular destination among Indian visitors who