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UPI registers record 2.3 billion transactions in Jan

Even as the Indian government allocated Rs 1,500 crore in the Union Budget to boost the penetration of digital payments, it has emerged that the flagship payments platform UPI (Unified Payments Interface) has logged 2.3 billion transactions worth Rs 4,31,181 crore or Rs 4.31 trillion in January.

According to the stats released by National Payments Corporation of India (NPCI), this is a 3% jump in volume and a 3.6% surge in value for UPI from December, which had seen 2.23 billion transactions amounting to Rs 4,16,176.21 crore or Rs 4.16 trillion.

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