A billion transactions a day can be processed through UPI: RBI governor

The Unified Payments Interface (UPI), India’s flagship digital payments platform, has the bandwidth to process one billion transactions a day, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday while launching the mission “Har Payment Digital”.

The objective of the mission, as part of Digital Payments Awareness Week (DPAW) 2023, is to make every citizen in the country opt for digital payments.

Das said he expected more countries to join India in linking their payments on a real-time basis, like the one with Singapore’s PayNow, which started last month.

“Currently the number of transactions done through UPI is