UPI transactions are increasing day by day.

new Delhi:

Payments worth a record Rs 12.82 lakh crore were made in December through the Unified Payments System (UPI).

During this, the number of transactions reached 782 crores.

The Department of Financial Services tweeted on Monday, “UPI (Unified Payment Interface) has a big contribution in bringing digital payment revolution in the country.

In December 2022, UPI transactions have crossed 782 crores to be Rs 12.82 lakh crores.

Payment through UPI had crossed Rs 12 lakh crore in October.

In November, 730.9 crore transactions were done through this system and their value was Rs 11.90 lakh crore.

This cost effective mode of cashless transactions is gaining popularity month by month and now 381 banks offer this facility. 

Spice Money founder Dilip Modi said that in the last one year, UPI transactions have grown very fast both in terms of number and value.

Its biggest feature is that it is very convenient.

It is also very useful in promoting financial inclusion.

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