UPI recorded 2.23 billion transactions price Rs 4.16 trillion in December 2020 stories NPCI
It is a 1 p.c soar in quantity and a 6.4 p.c surge in worth for UPI from November which had seen 2.21 billion transactions price Rs 3,90,999 crore.
Unified Funds Interface or UPI has crossed Rs 4 trillion price transactions in a month. The digital funds system has recorded 2.23 billion transactions amounting to Rs 4,16,176.21 crore or Rs 4.16 trillion in December 2020, in accordance to NPCI (Nationwide Funds Company of India). It is a one p.c soar in quantity and a 6.4 p.c surge in worth for UPI from November which had seen 2.21 billion transactions price Rs 3,90,999 crore.
Google Pay and PhonePe management greater than 80 p.c market share within the UPI ecosystem. As of November, Google Pay had the biggest market share with 960.02 million transactions by UPI adopted by PhonePe’s 868.40 million. Nevertheless, PhonePe had processed extra transactions when it comes to worth through the month.
Information revealed by NPCI confirmed that PhonePe had recorded Rs 1,75,453.85 crore price transactions whereas Google Pay recorded Rs 1,61,418.19 crore when it comes to the worth of the transaction in November.
NPCI is but to publish the market share for UPI-enabled apps in December.
In November, NPCI had allowed one other participant to enter the UPI ecosystem. Fb-owned WhatsApp Pay was given the approval to go stay on UPI.
(Additionally Learn: WhatsApp companions with SBI, ICICI, Axis and HDFC financial institution for its fee service in India)
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