Unified Payments Interface, UPI has achieved a new milestone with first time ever crossing twenty billion transactions in the month of August this year. According to the National Payments Corporation of India, the total number of transactions stood at 20.01 billion, marking a 34 per cent year-on-year increase from 14.9 billion in August last year. UPI has also registered transactions of 24.85 lakh crore in August this year, which represents a 24 per cent increase year-over-year. The average daily transaction count in August has reached 645 million.
