Record of UPI Transactions: Many citizens of the nation are currently switching to internet transactions. UPI has seen a boom in such an environment. People used to only have the option of using cash or a credit card until UPI was recognized as a superior choice. Let us inform you that this UPI is so well-liked that 6 billion UPI transactions were completed in the month of July alone.
Premier Modi tweeted
On this subject, Prime Minister Narendra Modi tweeted personally. He called it a tremendous accomplishment that there were a record 6 billion transactions made using UPI in the month of July. He claimed that this demonstrates the general will of the populace to adopt cutting-edge technology and create a “clean” economy.
Most transactions since 2016; the highest number ever
Telling you that these transactions are the highest since 2016 is important. This is an excellent accomplishment, Prime Minister Modi stated in a tweet that Nirmala Sitharaman retweeted. It shows India’s population’s commitment as a whole to embracing modern technology and creating a clean economy. During the COVID-19 pandemic, digital payments were very useful.
Some such figures
Significantly, according to data from the National Payments Corporation of India (NPCI), there were 6.28 billion transactions completed in July, with transactions totaling Rs 10.62 trillion. The management of UPI is done by NPCI. When compared to the previous record for one month, the UPI has increased by 7.16 percent, while the increase in value is 4.76 percent. When compared to the previous year’s record, UPI transactions have doubled, and the value has increased by 75%.
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