Daily UPI transactions jump 50% to 36 crore: RBI governor

March 6, 2023

The UPI was launched in 2016, and since then it has emerged as the most popular and preferred payment mode pioneering person-to-person and person-to-merchant transactions accounting for 75 per cent of the total digital payments. The volume of UPI transactions has increased manifold from 0.45 crore in January 2017 to 804 crore in January 2023.

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