February 20, 2026 07:27 am (IST)

Make this your homepage

All Finance

PM Modi warns ‘AI must not control humans’ as India unveils bold tech vision at AI Impact Summit 2026 | Former South Korean President Yoon Suk Yeol sentenced to life over failed martial law bid | Tata Group joins hands with OpenAI in massive AI push to transform India and global industries | Epstein Files row: Bill Gates to skip keynote address at AI Summit 2026 | AI Impact Summit: Google launches game-changing America-India Connect plan with $15 billion backing | AI takes centre stage as Modi meets Google CEO Sundar Pichai in Delhi | G7 Spotlight: Emmanuel Macron invites Narendra Modi for 2026 Summit | AI Summit embarrassment! Galgotias University asked to vacate stall after ‘own robot’ exposed as China’s Unitree Go2 | Actor Rajpal Yadav granted interim bail in ₹9-crore cheque bounce case | Learn AI or become redundant: Microsoft India President issues stark message

UPI

UPI crosses 10 billion monthly transactions in Aug; PM Modi congratulates

India Blooms News Service | @indiablooms | Sep 02, 2023, at 06:47 am

#NPCI #UPI #August #DigitalTransaction #UPITransactions

New Delhi: India’s contactless digital payments framework, Unified Payments Interface (UPI), crossed 10 billion monthly transactions in August, said Reserve Bank’s non-profit agency, National Payments Corporation of India (NPCI) on Friday.

In a tweet, NPCI said that payments made on UPI attained this feat on Wednesday with over 10.24 billion on 30 August and a net transaction value of Rs 15.18 trillion.

It's 10 Billion+ transactions in August`23! Make seamless payments from your mobile in real-time with UPI.#UPI #DigitalPayments #UPIChalega @GoI_MeitY @_DigitalIndia @upichalega @dilipasbe pic.twitter.com/5NrcpIirn8
— NPCI (@NPCI_NPCI) September 1, 2023

Prime Minister Narendra Modi hailed the crossing of 10 billion UPI transactions in August 2023.

In reply to NPCI’s post, the Prime Minister wrote on X, "This is exceptional news! It is a testament to the people of India embracing digital progress and a tribute to their skills. May this trend continue in the times to come."

This is exceptional news! It is a testament to the people of India embracing digital progress and a tribute to their skills. May this trend continue in the times to come. https://t.co/MrXpYbg5Cd
— Narendra Modi (@narendramodi) September 1, 2023

The Centre-initiated payments network was close to the 10 billion mark in July itself, with 9.96 billion transactions following a slight sequential reduction from May.

UPI transactions in August 2022 stood at 6.58 billion monthly transactions.

The transactions over the payments network have increased by over 50% year-on-year.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.