Friday, 24 March, 2023

UPI marks 1 billion transactions in October

<p>UPI (Unified Payments Interface) in India has touched more than a billion transactions in October, said National Payments Corporation of India (NPCI) in a statement. The total number of transactions jumped to 1.15 billion in October 2019 from 0.96 billion in September 2019. The mobile-based payment system has become one of the most important digital payment forms. At present, 142 banks are live on UPI, compared to 21 banks when the payment system was launched in 2016.</p>