Team Blitz India
NEW DELHI: Unified Payment Interface (UPI) transactions clocked a fresh peak in value in November by hitting Rs 17.4 trillion, up 1.4 per cent compared to Rs 17.16 trillion in October.
The number of transactions were 10.56 billion in September, with a value of Rs 15.8 trillion. According to data shared by the National Payments Corporation of India (NPCI), this was 54 per cent higher in volume terms and 46 per cent in value terms compared to the same month last year.
The Immediate Payment Service (IMPS) transaction volume was down by 4 per cent to 472 million in November, compared to 493 million in October and 473 million in September.
In value terms, the November figure was marginally down to Rs 5.35 trillion compared to Rs 5.38 trillion in October. It was a growth of 2 per cent in volume terms and 18 per cent in value terms compared to November 2022. In September 2023, IMPS was seen at Rs 5.07 trillion in value.
