UPI transactions hit a new high of 1.62 billion transactions in August
Since its launch four years ago, UPI payments have grown consistently barring the April-May period when India went into a complete lockdown. Thereafter, it witnessed a sharp recovery June onwards
NEW DELHI: Unified Payments Interface (UPI)-based payments hit another record high, rising 8% sequentially and clocking 1.62 billion transactions in August, as per data released by National Payments Corp. of India (NPCI). In the same month a year ago, 918 million transactions were recorded.