Thursday, February 29th, 2024

Digital payments increased drastically in the country, UPI payment at a record level of Rs 12.82 lakh crore in December

UPI Transaction Increased: A great trend is being seen on the front of digital payments in the country and its glimpse can be known by looking at the figures of UPI payments. Payments worth a record Rs 12.82 lakh crore have been made in December through the Unified Payments Interface or UPI. During this, the number of transactions has reached 782 crores.

The Department of Financial Services tweeted on Monday, “UPI (Unified Payment Interface) has a big contribution in bringing digital payments revolution in the country. In December 2022, UPI transactions crossed 782 crores to Rs 12.82 lakh crores.” .”

Know UPI figures for October and November

Payment through UPI had crossed Rs 12 lakh crore in October. In November, 730.9 crore transactions were done through this system and their value was Rs 11.90 lakh crore. Cashless Transaction This economical mode of transaction is getting popular month by month and now 381 banks offer this facility.

what do experts say

Spice Money founder Dilip Modi said that in the last one year, UPI transactions have grown very fast both in terms of number and value. Its biggest feature is that it is very convenient. It is also very useful in promoting financial inclusion.

Why UPI is gaining momentum

There is a special reason why the trend of UPI is increasing in the country. Actually, people can easily do cashless payments and transactions through UPI. Through UPI, the user can transfer money to multiple accounts and for this there will be no need to create separate profiles.

read this also

Stock Market Opening: Stock market opens on decline, Sensex slips 92 points to open below 61,100

Whatsapp GroupJoin
Telegram channelJoin

Central government will make tax-related reforms in the budget, ITR form may change next year!

Tax Reform System In India: The Modi Government of the Center can improve the Income Tax Return form in the upcoming budget. It is being told that in the current financial year 2022-23, there...

Spark Plug: Spark plug is the lifeblood of the vehicle’s engine and mileage, know the complete information related to spark plug

Photo: File spark plug Any Also, many small parts are used to make the vehicle. Everyone has different importance. Most people pay attention to the big and useful things but forget to take care...

Big responsibility of Birla Group on the shoulders of 28 year old Ananyashree, will now handle business with melodious voice

Highlights: Kumar Mangalam Birla’s daughter Ananyashree Birla is 28 years old. Apart from having an understanding of business, she is also recognized as a singer. Ananya has been running a micro finance company since...