August 31, 2026 10:03 am (IST)

Make this your homepage

All Finance

VHP breaks silence on Durga Puja ‘guidelines’: No blanket non-veg ban, clarifies stand on theme pandals amid backlash | No non-veg near pandals, no ‘distorted’ idols: VHP’s Durga Puja guidelines spark Bengal debate | ‘Either they will stay, or we will’: Suvendu Adhikari's warning to Jadavpur students over 'Azadi' slogans | 'Inaccurate reports': Penguin India denies dropping Sonia Gandhi memoir | ‘Clean my shoes’: Greater Noida woman detained after alleged abuse, assault of security guards | 21-year-old model stabbed to death in Delhi; gym trainer arrested after encounter | Abhishek Banerjee, Derek O'Brien, other TMC leaders booked after Camac Street clash with Kolkata Police | Kanpur plane crash: Training aircraft crashes near Ganges, two pilots killed | Big IT boost for Bengal: LTM opens global delivery & AI centre in Kolkata's New Town | 21-year-old Delhi model found stabbed at Delhi home, gym trainer accused of killing her

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.