UPI transaction worth touches Rs 10.73 lakh crore in August

Digital cost transactions worth by means of UPI rose to Rs 10.73 lakh crore in August this yr, up marginally from the earlier month, information confirmed on Thursday.

In July 2022, the UPI-based digital transaction worth stood at Rs 10.63 lakh crore.

The worth of UPI transactions throughout August this yr pertains to a complete of 6.57 billion (657 crore) transactions, up from 6.28 billion (628 crore) within the previous month, as per the info launched by the Nationwide Funds Company of India (NPCI).

In June, there have been 5.86 billion transactions, valued at value Rs 10.14 lakh crore.

Of the opposite information units on the NCPI framework, the moment transfer-based IMPS clocked transactions value Rs 4.46 lakh crore in August, regarding a complete of 46.69 crore transactions.

In July, it stood at Rs 4.45 lakh crore in worth phrases by means of a complete of 46.08 crore transactions.

The NETC FASTAG for automated toll deduction at toll plazas witnessed transactions value Rs 4,245 crore in August, up from Rs 4,162 crore within the previous month.

When it comes to variety of transactions, this associated to over 27 crore in August, as in opposition to 26.5 crore in July.

When it comes to Aadhaar-based cost — AePS — the transactions got here down by almost 10 per cent to Rs 27,186 crore in August, as in opposition to Rs 30,199 crore in earlier month. The variety of transactions fell to 10.56 crore from 11 crore.

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