NEW DELHI: Unified Payments Interface (UPI) achieved unprecedented record of 16.73 billion in December, showing an 8 per cent increase compared to the previous month’s figure of 15.48 billion, according to the National Payments Corporation of India (NPCI).
UPI transaction count was 15.48 billion in the month of November, according to news agency PTI.
The transaction value reached Rs 23.25 lakh crore in December 2024, higher than November’s Rs 21.55 lakh crore, according to NPCI data. Daily transactions in December averaged 539.68 million, increasing from November’s 516.07 million.
The average daily transaction value in December stood at Rs 74,990 crore, surpassing November’s figure of Rs 71,840 crore.
NPCI, established through collaboration between the Reserve Bank of India (RBI) and the Indian Banks’ Association, functions as the central organisation supervising retail payments and settlement systems in India (IBA).
The organisation administers the Unified Payments Interface (UPI), enabling instantaneous peer-to-peer transfers and merchant payments during purchases.