UPI Crosses 4 billion transactions in October
The Unified Payments Interface (UPI) has surpassed 4 billion transactions for the first time in a month, with the digital payments network recording 4.21 billion or 421 crore transactions totaling Rs 7, 71, 444 crores, according to statistics released by the National Payments Corporation of India (NPCI). Since its launch in 2016, UPI has reached a 4 billion transaction milestone for the first time. This is a 15% increase in the number of transactions and a 17.8 percent increase in the value of transactions over September, when it handled 3.65…