UPI logs 4.52 bn transactions worth Rs 8.26 trn in Feb, lower than Jan

In FY22 so far, UPI has processed a little over 40.49 billion transactions worth Rs 74.51 trillion

Unified Payments Interface (UPI), the flagship digital payments platform of India, logged 4.52 billion transactions, amounting to Rs 8.26 trillion in February, according to data released by the National Payments Corporation of India (NPCI), the umbrella organization for retail payments in the country. This was marginally lower than the record 4.61 billion transactions the payments platform had reported, amounting to Rs 8.32 trillion, in January.

The marginally low transactions, both in volume and value terms is because of fewer days in the month of February. Having said that, on a year – on – year (YoY) basis, UPI transactions were