UPI Payments: Through the Unified Payment Interface (UPI), a record amount of Rs 12.82 lakh crore was paid in December. During this, the number of transactions reached 782 crores. The Department of Financial Services tweeted, ‘UPI has a big contribution in bringing digital payment revolution in the country. In December 2022, UPI transactions have crossed 782 crores to be Rs 12.82 lakh crores.
381 banks provide this facility
Payment through UPI had crossed Rs 12 lakh crore in October. In November, 730.9 crore transactions were done through this system and their value was Rs 11.90 lakh crore. This cost effective mode of cashless transaction is gaining popularity month by month and now 381 banks offer this facility.
Spice Money founder Dilip Modi said that in the last one year, UPI transactions have grown very fast both in terms of number and value. Its biggest feature is that it is very convenient. It is also very useful in promoting financial inclusion. (agency)