UPI crossed the 10 billion transactions milestone for the first time in August, from 9.9 billion transactions in July, according to data released by the NPCI. The total value of transactions in August stood at Rs 15.7 lakh crore.
Users can now initiate and complete transactions even in locations with no connectivity, such as underground stations, distant areas, etc., This functionality allows users to send and receive money while fully offline.
The National Payments Corporation of India (NPCI) on Wednesday launched a slew of new payment options on popular payments platform UPI, including conversational transactions