 "UPI")
The National Payments Corporation of India’s (NPCI) flagship payment platform, Unified Payments Interface (UPI), logged 3.65 billion transactions worth Rs 6.5 trillion in September, an all-time high, both in volume and value terms. It was also the third straight month with more than 3 billion transactions on the platform, signaling the wider digital payment adoption in the country since the Coronavirus (Covid-19) pandemic hit.
On a month-on-month (MoM) basis, UPI’s volume of transactions was up 3 per cent, and the value of transactions was up 2.35 per cent. However, on a year-on-year basis, both volume and value of transactions have
