You are here: Home » Finance » News » Others
Rupee recovers from record low, rises 14 paise against US dollar
Business Standard

UPI processed nearly 6 billion transactions worth Rs 10 trillion in May

NPCI sets its eyes on processing a billion UPI transactions a day on its platform within the next 3-5 years

Topics
UPI transactions | UPI | NPCI

Subrata Panda  |  Mumbai 



UPI, mobile payments, cash transfer
In FY22, UPI processed more than 46 billion transactions amounting to over Rs 84.17 trillion. Photo: Shutterstock

In yet another record-breaking month, India’s flagship digital payment platform, Unified Payments Interface (UPI), has processed transactions worth over Rs 10 trillion in May, a record high since the time it was launched in 2016. Even the number of transactions processed on the platform in May at 5.95 billion is a record high for the payments platform.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, June 01 2022. 12:29 IST

RECOMMENDED FOR YOU

.