Online Transactions in 2023: UPI Achieves 8,375 Crore Transactions With Rs 139 Lakh Value in Current Financial Year, Says Report
India has seen exponential growth of 8,375 crore Unified Payments Interface transactions in FY 2022-23, compared to 92 crore in FY 2017-18, reported Ministry of Finance on Monday, December 12.
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Non-cash transactions in India has achieved the record high in the Financial year 2022-23. The country has seen exponential growth of 8,375 crore Unified Payments Interface transactions in FY 2022-23, compared to 92 crore in FY 2017-18, reported Ministry of Finance on Monday, December 12. Similarly, the value of transactions grew from Rs 1 lakh crore in FY 2017-18 to Rs 139 lakh crore in FY 2022-23 at a CAGR of 168%. As of December 11, 2023, UPI has recorded a total of 8,572 crore transactions in the current fiscal year, said Government of India. Indian Economy to Grow at 6.3% in Current Financial Year 2023-24, Says World Bank Report.
UPI Records 8,572 Crore Transactions in Current Fiscal Year:
Unified Payments Interface (UPI) transactions have grown from 92 crore in FY 2017-18 to 8,375 crore in FY 2022-23 at a Compound Annual Growth Rate (CAGR) of 147% in terms of volume. Similarly, the value of UPI transactions has grown from Rs 1 lakh crore in FY 2017-18 to ₹ 139…
— ANI (@ANI) December 18, 2023
(The above story first appeared on LatestLY on Dec 18, 2023 06:17 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
