Nowadays street vendors have also started taking digital payments through UPI. Its effect is clearly visible. According to the data of UPI payment by NPCI, the number of users of UPI has increased in the country. A total of Rs 10.72 lakh transactions have been done in the country through UPI. This figure is higher than in July. In July, a total of Rs 10.63 lakh crore transactions were done through UPI.
NPCI tweeted the information-
Releasing the data of UPI transactions in the month of August, NPCI has given information by tweeting. In its tweet, NPCI has said that in August 2022, a total of 657 crores i.e. 6.57 billion times money has been transacted through UPI. This figure is bigger than in July. UPI payment was done 628 crores i.e. 6.28 billion times in July. At the same time, a total of 586 crore i.e. 5.86 billion times UPI transactions have been used in June. Let us tell you that for the first time in July, UPI payments crossed more than 6 billion transactions in the country.
— NPCI (@NPCI_NPCI) September 1, 2022
Increase in use of IMPS
There has been an increase in the number of users using IMPS. A total of Rs 46.69 crore transactions have been done through IMPS this month. Talking about the last month, a total of Rs 4.45 crore transactions have been done through IMPS.
UPI usage increasing due to toll plazas
In the month of August, a total transaction of Rs 4,245 has been done through FASTag of toll plazas. Its number was more than 27 crores. In July, a total transaction of Rs 4,162 crore was done through FASTag. The total number of transactions is Rs 26.5 crore. Along with this, the number of users of UPI payment has also increased due to the introduction of UPI platform for feature phones.