UPI transactions hit a new record in Dec 2021

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Mumbai:

02.02.2022

Transactions under the Unified Payments Interface hit a record high of 456 crores in December 2021surpassing the earlier high of 421 crore seen in October 2021. The total value of transactions December as also a new record at Rs 8. 27 lakh crore. According to bankers, the surge in transactions is a reflection of increasing adoption as well the rise in economic activity in December following the sharp drop in second wave cases. UPI transactions had hit a record in October driven festival season purchases.

TNN