UPI signs off 2021 on a high: Dec transaction value crosses Rs 8 trillion

Record year for UPI, clocked 38 billion transactions worth Rs 71.59 trillion

Unified Payments Interface (UPI) has ended calendar year 2021 (CY21) with record high transactions, both in volume and value terms. According to the data released by the National Payments Corporation of India (NPCI), in December, UPI recorded 4.56 billion transactions, worth Rs 8.27 trillion.

After reporting marginal dip in November, UPI transactions bounced back in December, with the volume of transactions growing at 9.09 per cent month–on-month (MoM) and value of transactions growing at 7.6 per cent. On a year–on–year basis, in December, the volume of transactions more than doubled, while the value of transactions reported 99 per cent growth.

In October,