Highlights

  • $1 trillion worth of transactions carried out via UPI in FY22
  • Multiple records broken by payment platform over the last 2 years

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Big moment for UPI: 5 billion transactions in March, $1 trillion transactions in FY22

Watershed moment for India's digital transaction leader with a record 5 billion transactions in the month of March. 

Unified Interface Payments (UPI) is enjoying a watershed moment as the payment platform has achieved a record milestone of 5 billion transactions in the month of March.

As per data from the National Payments Corporation of India (NPCI), the 6-year-old platform saw transactions worth Rs 8.88 lakh crore in March, which is a 7.5% jump from the previous month. The payments mode has broken multiple records in the past two years and is now inching closer to Rs 9 lakh crore in monthly transaction values.

Also read/watch | End of financial year 2022: Three things you must do before March 31

But that is not all, for the fiscal year gone by April-March, UPI registered transactions over $1 trillion or approximately Rs 75.82 lakh crore.

Also read/watch | DA hike effective January 2022 announced; 50 lakh govt staff to benefit

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