Transactions had breached the 1 Bn transactions mark in the first 15 days of October 2020
This is the highest ever since the payments system came into existence in 2016
The 2 Bn monthly transactions mean a 2X year-on-year (YoY) growth for the UPI payments systems, which recorded 1 Bn monthly transactions for the first time in October last year
It has been a new high for Indian government-sanctioned digital payments system Unified Payments Interface (UPI) in October. After breaching the 1 Bn transactions mark in the first 15 days of October 2020, UPI reached the high of 2.07 Bn transactions worth INR 3,86,106 Cr. This is the highest ever since the payments system came into existence in 2016.
To put things in perspective, there were 1.8 Bn UPI transactions last month.
The 2 Bn monthly transactions mean a 2X year-on-year (YoY) growth for the UPI payments systems, which recorded 1 Bn…