UPI transactions touch 20.7 billion in October, NPCI data reveals

Unified Payments Interface (UPI) payment transactions hit the 20.7 billion mark in October, according to the data released by the National Payments Corporation of India (NPCI) on Saturday.

The transactions marked a 3.6% month-on-month (MoM) rise, up from 19.63 billion in September and 20.1 billion in August.

Highlights of the month

• UPI transactions worth Rs 27.28 lakh crore against Rs 24.9 lakh crore in September were recorded, which reflects a 9.5% increase.

• UPI processed an average of 668 million transactions per day, with an average daily value of Rs…