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19 65 Bn UPI Transactions, 23 06 Bn Using Prepaid Card  — India Takes Giant Leap In Payment Mode

A new report has shown that the Unified Payments Interface (UPI), debit and credit cards, prepaid payment instruments like mobile wallets, and prepaid cards logged 23.06 billion transactions amounting Rs 38.3 lakh crore in the third quarter this year.

76% Indians prefer to make payments through UPI: Know-why

As per the data by the National Payments Corporation of India (NPCI), the volume of transactions rose 85 per cent and value 67.85 per cent year-on-year (YoY). Around 72 per cent of those surveyed said they now consider discounts and offers as the major driver of their buying behaviour.

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