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India’s UPI processes nearly 81 lakh crore rupees transactions in April-July; surpasses world’s leading digital payment platforms

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Surpassing the world’s leading digital payment platforms, India’s Unified Payments Interface (UPI) processed nearly 81 lakh crore rupees transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year).

According to latest data by global payments hub Paysecure, UPI processed 3,729.1 transactions per second, which shows a 58 per cent surge over the  2,348 transactions every second registered in 2022- surpassing China’s Alipay, Paypal and Brazil’s PIX in the number of transactions.

In July, UPI transactions crossed 20.6 lakh crore rupees the highest-ever during a month. The value of UPI transactions processed remained above 20 lakh crore rupees for three consecutive months.

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