India’s UPI processes nearly 81 lakh crore rupees transactions in April-July; surpasses world’s leading digital payment platforms

By  News On Air   Aug 31, 2024

Surpassing the world’s leading digital payment platforms, India’s Unified Payments Interface (UPI) processed nearly 81 lakh crore rupees transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year).

According to latest data by global payments hub Paysecure, UPI processed 3,729.1 transactions per second, which shows a 58 per cent surge over the  2,348 transactions every second registered in 2022- surpassing China’s Alipay, Paypal and Brazil’s PIX in the number of transactions.

In July, UPI transactions crossed 20.6 lakh crore rupees the highest-ever during a month. The value of UPI transactions processed remained above 20 lakh crore rupees for three consecutive months.