UPI Transactions in July 2024: Unified Payments Interface (UPI) plays a very important role in the development of digital economy. Have played. Making payment through UPI has become very easy. In such a situation, it has become a very popular medium of communication among the people. Its effect is also visible on the payment figures for July. UPI transactions have created a new record in July. This month, 1,444 crore transactions have been done through UPI. Through this, an amount of Rs 20.64 lakh crore has been transferred from one account to another.
Transactions worth more than Rs 20 lakh crore have taken place
According to the data of National Payments Corporation of India (NPCI), Transactions worth Rs 20.07 lakh crore were made in June. In the month of May, an amount of Rs 20.44 lakh crore was transferred through UPI. In such a situation, this is the third consecutive month when transactions through UPI have crossed Rs 20 lakh crore. Gaja is gone.
On an annual basis, in July 2023, a total of 9,964 crore transactions through UPI amount to Rs 15.33 lakh crore. Was transferred. In such a situation, compared to last year, the number of UPI transactions has increased by 45 percent and the amount by 35 percent. Has increased. If we talk about the average daily amount, in July, 2024 it will be Rs. Was 46.60 crores.
UPI transactions have increased compared to June
In June 2024, 1,389 crore transactions through UPI Transactions worth Rs 20.07 lakh crore were done by it. In such a situation, compared to last month, the number of transactions this month increased by 3.96 percent and the amount by 2.84 percent. Percentage has increased. It is noteworthy that the National Payments Corporation of India, which regulates UPI, at the beginning of every month Publishes statistics of UPI transactions across the country.
What is UPI?
NPCI regulates UPI in India. UPI is a virtual payment service, through which you can pay without any bank account or number. You can transfer money from one account to another account only through QR code. Nowadays, except for bill payments, people use UPI instead of credit and debit cards for online shopping etc. Prefer to pay through.
