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UPI funds: UPI transactions at Rs 3.29 lakh crore in September

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NEW DELHI: The Unified Payments Interface (UPI) transactions stood at Rs 3.29 lakh crore in September with variety of transactions at 180 crore, NPCI information confirmed on Thursday.

The transactions have been greater by over 10 per cent from Rs 2.98 lakh crore in August. Volume clever, it grew practically 12 per cent month-on-month.

In the previous few years, person-to-person and person-to-merchant cash switch have turn out to be less complicated and safer as a consequence of BHIM UPI, the National Payments Corporation of India (NPCI) mentioned in a tweet displaying the month-to-month information transactions.

Among others, NPCI mentioned the NETC FASTag has facilitated secure and contactless funds of tolls and parking fees, making important journey throughout lockdown secure and continuous with Rs 1,940.60 crore value transactions at a quantity of 11 crore.

In August, the transactions have been of Rs 1,712.58 crore (9.68 crore in quantity).

Through the IMPS (Immediate Payment Service) mode of fee, transactions in September rose to Rs 2.48 lakh crore from Rs 2.35 lakh crore in August. The variety of transactions grew to 27.96 crore from 24.61 crore.

NPCI mentioned the digital inclusion throughout the nation is strengthening by way of Aadhaar-based biometric funds, AePS with transactions value Rs 17,351.66 crore in September.


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