New Delhi: The digital payment growth continues to surge and Unified payments Interface (UPI) is now adding up to 60 lakh new users every month.
The stupendous growth in UPI transactions has been fuelled by the RuPay credit card on UPI, and the launch of the service in foreign countries.
According to the latest National Payments Corporation of India (NPCI) data, the number of transactions on the UPI platform went up 49 per cent year-on-year to 13.9 billion in June and the transaction value rose 36 per cent to Rs 20.1 trillion.
According to Praveena Rai, chief operating officer of the NPCI, the market share of RuPay credit cards has risen to 10 per cent from just 1 per cent three years ago.
Speaking at a media event in the national capital, she said that “Every month, UPI adds from 3 to 6 million users”.
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