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UPI bucks slowdown, records highest ever volume in September at 955 mn

Total value of transactions surpasses Rs 1.6 trillion, or 4.5% higher than that achieved in August

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A major push behind digital payments is by the government itself

After a few months of tepid volumes, the government-owned Unified Payments Platform (UPI) is back on growth trajectory. Both, volumes as well as the total value of transactions made over the digital payments interface have grown over the last three months, recording the highest-ever numbers last month. In September, UPI recorded 955.02 million transactions worth Rs 1,61,456.56 crore. This is 4 per cent higher in terms of volume and 4.5 per cent more in terms of value over August, when the corresponding numbers stood at 918.35 million and Rs 1,54,504.89 crore respectively. The ...