India News | UPI Records 2.3 Billion Transactions Worth Rs 4.2 Trillion in Jan 2021: NITI Aayog CEO
Get latest articles and stories on India at LatestLY. As many as 2.3 billion transactions worth Rs 4.2 trillion were recorded through Unified Payment Interface (UPI) in the month of January this year, NITI Aayog CEO Amitabh Kant said on Wednesday.
New Delhi [India], February 4 (ANI): As many as 2.3 billion transactions worth Rs 4.2 trillion were recorded through Unified Payment Interface (UPI) in the month of January this year, NITI Aayog CEO Amitabh Kant said on Wednesday.
Kant further said that UPI's transactions value jumped 76.5 per cent while transaction value jumped nearly 100 per cent.
"Phenomenal! UPI recorded 2.3 billion transactions worth Rs 4.3 trillion in Jan 2021. On a YOY basis, UPIs transaction value jumped 76.5 % while transaction value jumped nearly 100%. Took UPI 3 years to cross 1 billion transactions a month. Next billion came in less than a year," the NITI Aayog CEO tweeted.
UPI is a common system that powers multiple bank accounts into a mobile application, merging several banking features, seamless fund routing and merchant payments. It also caters to the "Peer to Peer" collect request which can be scheduled and paid as per requirement and convenience (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)