Daily UPI transactions jump 50% to 36 crore: RBI governor

TIL Desk/Business/Mumbai/ Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022.

In value terms, these transactions are worth Rs 6.27 lakh crore, registering a growth of 17 per cent from Rs 5.36 lakh crore in February 2022, the governor told reporters while launching the Digital Payments Awareness Week at the RBI headquarters in Mumbai this afternoon.

He also said the overall monthly digital payment transactions crossed over Rs 1,000-crore-mark each month during the past three months. “Our payment systems are talked about globally and several countries have shown interest to replicate our success story.

“It is a matter of pride that our payment systems have witnessed over 1,000 crore transactions every month since December 2022.”This speaks volumes of the robustness of our payments ecosystem and acceptance by consumers. “A recent pan-India digital payments survey (covering 90,000 respondents) revealed that 42 per cent of respondents have used digital payments,” Das said.