UPI transactions rise 7.7 pcto 730 Cr in October
UPI transactions rise 7.7 pcto 730 Cr in October

New Delhi: In October, UPI transactions exceeded more over Rs 12.11 lakh crore, an increase of 7.7 percent to 730 crore. There were 678 billion UPI-driven digital transactions worth Rs. 11.16 lakh crore in September.

In October, there were 48.25 crore instant interbank financial transfers made using IMPS (Immediate Payment Service), with a value of Rs 4.66 lakh crore. According to the monthly figures from the National Payments Corporation of India (NPCI) issued on Tuesday, there were 4.3 percent more transactions than in September.

The number of transactions using the NETC FASTag, which enables automatic toll collection at NHAI toll booths across the nation, increased by 9.3 percent from 28.3 crore in September. In comparison to September, when the same value of transactions was Rs 4,244.76 crore, October's worth was Rs 4,451.87 crore.

While the number of users of the AePS, which enables rapid, simple, and secure banking transactions, grew to 11.77 crore in October from 10.27 crore the month prior. AePS transactions increased in value from Rs 26,665.58 to Rs 31,112.63.

National Payments Corporation of India is an umbrella organisation for all retail payments system in India.

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