UPI transactions cross 2 billion in October

The number of Unified Payments Interface (UPI)-based transactions breached the 2 billion mark in October 2020, NITI Aayog CEO Amitabh Kant said on Monday. In October 2020, UPI registered 2.07 billion transactions, suggesting a growing acceptance of digital mode of payments. In a press conference, the NITI Aayog CEO also said the UPI volume grew 80 per cent from 1.14 billion transactions that were recorded in October 2019. He added that the transaction value jumped 101 per cent from Rs 1,91,359.94 crore to Rs 3,86,106.74 crore."BHIM UPI has managed to change the face of person-to-person and person-to-merchant money transfers in the past few years while making them safer and more secure," NPCI said in a tweet.

Amazing! UPI crossed the 2-billion transaction mark in October 2020. UPI volume has grown 80 % from 1.14 billion transactions in October 2019 to 2.07 billion transactions last month. The transaction value has jumped 101 % from Rs 1,91,359.94 Cr to Rs 3,86,106.74 Cr.

— Amitabh Kant (@amitabhk87) November 2, 2020