The worth of UPI transactions rose sequentially in August 2022 as digital funds continued to garner traction in India.
Transactions made utilizing the Unified Funds Interface rose to Rs 10.73 lakh crore in August this yr, in accordance with knowledge launched by the Nationwide Funds Company of India. That determine stood at Rs 10.63 lakh crore in July.
A complete of 657 crore UPI transactions had been carried out in August, up from 628 crore within the previous month. In June, there have been 5.86 billion UPI transactions, valued at price Rs 10.14 lakh crore.
In line with the NPCI, 46.69 crore IMPS transactions price Rs 4.46 lakh crore had been carried out in August as in comparison with 46.08 crore transactions valued at Rs 4.45 lakh crore in July.
As many as 27 crore Fastag transactions price Rs 4,245 crore had been carried out in August, up from 26.5 crore and Rs 4,162 crore in July.
AePS transactions, nonetheless, fell practically 10% to 10.56 crore and Rs 27,186 crore in August. That compares with 11 crore transactions price Rs 30,199 crore within the earlier month.