The unified payments interface (UPI) completed 1.61 billion transactions in August 2020. These transactions amounted to around Rs 2.98 trillion.
Earlier in January 2020, National Payments Corporation of India (NPCI) had announced that UPI had crossed 1.3 billion transactions worth Rs 2.16 trillion. A month later in February 2020, it increased to 1.32 billion transactions worth Rs 2.22 trillion. There was a minor slump in UPI transactions in March 2020 and April 2020, though, which had pulled transactions below the billion mark.
However, UPI is once again on a growth trajectory and is expected to cross the Rs 2 billion transactions mark by the end of 2020.
Earlier in July 2020, it had completed 1.49 billion transactions worth Rs 2.90 trillion.