UPI Funds: UPI funds rise 42% to ₹18L cr in December

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UPI Funds: UPI funds rise 42% to ₹18L cr in December

MUMBAI: UPI transaction worth went up 42% year-on-year to Rs 18 lakh crore in December, whereas quantity rose 54% to 1,202 crore. The expansion in UPI transaction quantity stood at 7% when in comparison with the earlier month.
Common day by day transactions below UPI touched 40 crore towards the focused 100 crore in three years by NPCI earlier this yr. The quantity of Fastag transactions touched 34.8 crore in December, up 13% year-on-year.The worth of the transactions rose 19% to Rs 5,861 crore over the identical interval, and 10% increased than the Rs 5,539 crore recorded in November 2023 as Indians took to the highway in report numbers throughout the Christmas trip. The transaction depend was 8% increased.