AMN
Surpassing the world’s leading digital payment platforms, India’s Unified Payments Interface (UPI) processed nearly 81 lakh crore rupees transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year).
According to latest data by global payments hub Paysecure, UPI processed 3,729.1 transactions per second, which shows a 58 per cent surge over the 2,348 transactions every second registered in 2022- surpassing China’s Alipay, Paypal and Brazil’s PIX in the number of transactions.
In July, UPI transactions crossed 20.6 lakh crore rupees the highest-ever during a month. The value of UPI transactions processed remained above 20 lakh crore rupees for three consecutive months.