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.

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