2.3 Billion Transactions Worth Rs 4.2 Trillion Recorded Through UPI in January 2021

As many as 2.3 billion transactions worth Rs 4.2 trillion were recorded through Unified Payment Interface in the month of January this year, NITI Aayog CEO Amitabh Kant said yesterday.

 

The Unified Payment Interface recorded 2.3 billion transactions worth Rs 4.3 trillion rupees in January 2021. On a Year-on-year basis, The Unified Payment Interface's transaction



value jumped 76.5 percent; while transaction value jumped nearly 100 percent. The first one billion UPI transactions per month took 3 years to cross but the next billion had come in less than a year.

 

UPI is a common system that powers multiple bank accounts into a mobile application, merging several banking features, seamless fund routing, and merchant payments.