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UPI transactions worth over Rs.1 trillion conducted in December

Tuesday, January 1, 2019, 10:33 PM

In a record of sorts, 620.17 million UPI transactions worth Rs.102,594.82 crore were conducted in December, as compared to 524.94 million transactions valued at Rs.82,232.21 crore in November an 18% increase in transaction volume, data from the NPCI nshowed Tuesday. December was first-month when over 600 million UPI transactions were recorded. UPI transactions had crossed 500 million-mark for the first-time in November.
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UPI transactions cross 500 million in November

Saturday, December 1, 2018, 7:58 PM

Monthly transactions through the UPI crossed the 500 million mark for the first time in November, data released by the National Payments Corporation of India (NPCI) on Saturday showed. Under the UPI, 524.94 million transactions amounting to Rs 82,232.21 crore were carried out during the month, a 9% increase in transaction volume, compared with 482.36 million transactions worth Rs 74,978.27 crore in October.
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You Could Soon Earn Cashbacks On GST For Payments Made Digitally

Sunday, August 5, 2018, 3:38 PM

The GST Council cleared a proposal to offer cashbacks to consumers on trial basis for digital payments through Rupay cards, BHIM-app and UPI-system to promote cashless transactions. Volunteer states would roll out incentives on pilot basis for digital payments, and the GSTN, the IT backbone of the GST-network, and the NPCI will develop a system soon for the same, FM Piyush Goyal told.

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