Digital transactions’ growth on continual run in January


Digital paymentsMaintaining its strong momentum, Unified Payments Interface (UPI) has reported 151.8 million transactions in January as compared to 145 million transactions registered last month, a growth of 4.6 per cent.

However, the rate of growth has reported a fall of 40 per cent as compared to the previous month.

According to the data released by Ministry of Electronics and Information Technology and National Payments Corporation of India (NPCI), the total value of transactions performed digitally for the current financial year stands at Rs 4.4 lakh crore, with BHIM (Bharat Interface for Money) contributing a daily volume of 2.8 lakh.

In addition to this, the data also revealed that the Aadhaar Enabled Payments both from the financial and non-financial transactions reported being 1 billion.

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