Times of India · DistrictNews · 2026-09-01
UPI gets festive boost: Digital payments hit a record 24.51 bn transactions in
In August, Unified Payments Interface hit an all-time high for monthly transaction volumes, largely fueled by festive celebrations like Raksha Bandhan that encouraged peer-to-peer transfers. As transaction values approached previous peaks, the digital payment landscape continued to evolve, with UPI now being embraced in eleven countries worldwide. The potential for further growth is promising as innovative use cases, such as credit options within UPI, start to gain traction. Unified Payments Interface (UPI) hit a new monthly high in August, with transaction volumes crossing 24 billion for the first time in a month and reaching 24.51 billion, according to data released by the National Payments Corporation of India (NPCI) on Tuesday. UPI gets festive boost: Digital payments hit a record 24.51 bn transactions in
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