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Reserve Bank of India Governor Shaktikanta Das said that UPI (Unified Payments Interface) payments had grown exponentially over the past 12 months. Daily transaction volume exceeded 36 crores, a 50% increase from 24 crores in February 2022.
In terms of value, these transactions are worth Rs 6.27 lakh crore, a 17% increase from Rs 5.36 lakh crore in February 2022, the governor told reporters this afternoon when launching the digital payments awareness week at RBI headquarters.
He also said the total monthly digital payment transactions exceeded Rs 1,000 crore in the last three months.
