UPI Hits Record High: Daily transactions cross 700 million, poised to reach 1 billion next year
India’s Unified Payments Interface (UPI) achieved a major milestone as daily transactions crossed 700 million for the first time, reaching 707 million on August 2, according to the latest data from the National Payments Corporation of India (NPCI). Over the past two years, UPI’s daily transaction count has doubled. In August 2023, it recorded around…