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Below the Perspective on UPI transactions done in September by Mr. Sunil Rongala, Senior Vice President, Head – Strategy, Innovation & Analytics, Worldline India

“The September UPI transaction numbers reflect, once again, how UPI has become a part and parcel of digital transactions in India. It been embraced as the payment of choice among millions of buyers as well as merchants. The most interesting thing about the statistic is when September transactions are compared to July transactions. The value of transactions remained constant at INR 20.64 lakh crores but the number of transactions jumped from 14.44 billion to 15.04 billion indicating how much it is being used for micro transactions. The statistics from previous months also indicate that the growth in UPI transactions volume is being driven by Person to Merchant (P2M) transactions (i.e. transactions for buying goods or services).”

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