The UPI transaction value also surged 20 per cent (on-year) to Rs 21.96 lakh crore last month. UPI remains the cornerstone of India’s digital payment ecosystem contributing to 80 per cent of the retail payments across the country. Currently, UPI is live in over 7 countries, including key markets such as the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius. The UPI’s ease of use, combined with a growing network of participating banks and fintech platforms, has made it the preferred mode of real-time payments for millions of users. For FY 2023-24, the total transaction volume exceeded 131 billion and the value exceeded Rs 200 lakh crore. For confidential support call the Samaritans in the UK on 08457 90 90 90, visit a local Samaritans branch or see www.samaritans.org for details. In the U.S. call the National Suicide Prevention Line on 1-800-273-8255.
The UPI transaction value also surged 20 per cent (on-year) to Rs 21.9….
