Digital drive: UPI volumes inching towards 1-billion mark

By: |
Published: September 23, 2019 2:26:09 AM

However, much of the volumes are in the nature of P2P transactions, say experts, with merchants still somewhat reluctant to transact digitally.

Nonetheless, volumes are inching towards the 1-billion mark.Nonetheless, volumes are inching towards the 1-billion mark.

After a slight dip in June and July, UPI payments rose to Rs 1.54 lakh crore in August. However, much of the volumes are in the nature of P2P transactions, say experts, with merchants still somewhat reluctant to transact digitally.

Nonetheless, volumes are inching towards the 1-billion mark.

Meanwhile, transactions via AEPS crossed 200 million in July with the value nudging the Rs 10,000-crore mark, at Rs 9,685 crore.

Do you know What is Repo Linked Lending Rate (RLLR), Wholesale Price Index (WPI), Public Debt, Finance Commission Grants & Other Transfers, Economic Survey? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.