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PM Modi lauds UPI transactions crossing the 10bn mark in August
Prime Minister Narendra Modi lauded UPI transactions crossing the 10 billion mark in August. "This is exceptional news! It is a testament to the people of India embracing digital progress and a tribute to their skills. May this trend continue in the times to come," the PM said in a comment on X (formerly Twitter).
He was responding to a tweet by the National Payments Corporation of India (NPCI), which said, "It's 10 Billion+ transactions in August`23! Make seamless payments from your mobile in real-time with UPI."
UPI transactions touched 10.58 billion in August, while the amount transacted during the month was Rs 15.76 lakh crore. There has been a 61 per cent year-on-year growth on transaction count, while in terms of transaction amount, there has been a 47 per cent year on year growth between August 2022 and August 2023. NPCI is an umbrella organization for all retail payments in the country.
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