Apps Digital Payments

Unified Payments Interface (UPI) initiates more than 10 million transactions

The National Payments Corporation of India (NPCI) recently announced that its flagship payment infrastructure, Unified Payments Interface (UPI), has crossed the 10-million-transaction mark in June 2017.

According to the NPCI, the transaction volume has risen to 10 million in just 11 months from less than one million in August 2016, when it went live.

The UPI volumes include numbers from BHIM, their mobile-based app, and USSD 2.0, a message-based transfer service.

Further, the NPCI said that in the last three months UPI transactions had grown successfully from 7.2 million to 9.36 million to 10.35 million in April, May and June 2017, respectively.

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