October 21, 2026 06:04 am (IST)

Make this your homepage

All Finance

‘Operation completed’: Tiger Shroff shooters allegedly alerted handlers after firing, probe reveals | 'I don't mind saying sorry 1,000 times': Sonu Nigam apologises to Kannadigas over ‘Pahalgam’ remark amid concert ban demand | After Vijay, is Dhanush eyeing politics? TVK calls Thalapathy an inspiration | Trump Says Paris Will Become ‘Muslim City Very Soon’, Blames Macron’s Immigration Policies | Four killed in fresh Manipur violence as protesters take bodies to Chief Minister’s residence | Tiger Shroff firing: Three accused arrested on train in Rajasthan, suspected Bishnoi gang link emerges | 'Internet access a fundamental right for children': SC rejects age-based 'blanket' ban | 'We will fight our own government': RG Kar victim's father threatens fresh protest after Sandip Ghosh gets bail | RG Kar shocker: Sandip Ghosh gets bail as only 7 of 147 witnesses examined, junior doctor blasts CBI | Trump waives Russia-related sanctions

UPI

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

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

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.

#NPCI #UPI #August #DigitalTransaction #UPITransactions

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.