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Clues by NC Team • 2 Jan 2019, Wednesday

Data from the National Payments Corporation of India (NPCI) showed an 18% jump in UPI[1] transactions in December 2018. 620.17 million UPI transactions worth Rs 102,594.82 crore were conducted in December, as compared to 524.94 million transactions valued at Rs 82,232.21 crore in November. UPI transactions crossed the 600 million for the first time in December. UPI transactions had crossed the 500 million-mark for the first time in November. UPI transactions have grown by over 300% in the last one year and the upward trend is still continuing over the near term.

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