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upi payments to increase 1 billion per day – upi payments may increase to 1 billion payments per day in next 5 years

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upi payments to increase 1 billion per day – upi payments may increase to 1 billion payments per day in next 5 years

New Delhi. We all do UPI payments. Nowadays everything has become digital. Regarding UPI payments, Union Finance Minister Nirmala Sitharaman has said that in the next 5 years, UPI transactions can reach one billion on a daily basis. Also said that according to the data released by NPCI, 6.28 billion payments have been made through UPI in July 2022. If seen on the basis of price, it is Rs 10.62 trillion or about Rs 11 lakh crore.

It also said that there was a steady increase in UPI payments. Now it can be seen with more boom in the next 5 years. The target has been set regarding UPI that it will be done up to one billion transactions per day in the coming time. If it is seen that where UPI transactions are growing rapidly, then it does not only include the list of major cities but also includes rural areas including Tier-2 and Tier-3 cities.

Let us inform that Nandan Nilekani, Infosys President and Founding Chairman of UIDAI, has praised the UPI system in India. He says that around 26 crore people are using UPI. At the same time, rest of the people are using Aadhaar linked payment system. Let us tell you that UPI was launched in India in 2016. In today’s time, it is the country’s most popular, under this transaction of Rs 10.72 lakh crore has been done in the country.

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