Blitz Bureau
New Delhi: The digital payment growth continues to surge and Unified payments Interface (UPI) is now adding up to 60 lakh new users every month. The stupendous growth in UPI transactions has been fuelled by the RuPay credit card on UPI, and the launch of the service in foreign countries.
According to the latest National Payments Corporation of India (NPCI) data, the number of transactions on the UPI platform went up 49 per cent year-on-year to 13.9 billion in June and the transaction value rose 36 per cent to Rs 20.1 trillion.
Also, the average daily transaction count was 463 million and the average daily amount was 66,903 crore. According to Praveena Rai, chief operating officer of the NPCI, the market share of RuPay credit cards has risen to 10 per cent from just 1 per cent three years ago. Speaking at a media event in the national capital, she said that. “Every month, UPI adds from 3 to 6 million users.” UPI’s success in India has led to global collaborations across several countries.
According to Ajay Kumar Choudhary, non-executive chairman and independent director, NPCI, UPI has gone global and the India Stack’s flagship offering is now available at the Eiffel Tower in Paris, Galeries Lafayette’s flagship store in Haussmann ahead of Paris Olympics and certain countries in the Middle East.
