An ET analysis shows peer-to-merchant transactions accounted for 25% of the total UPI transactions in value terms and almost 60% in volume in the July-September quarter.
Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to data.
In October, Unified Payments Interface (UPI) transactions hit a record value of Rs 17.16 trillion, marking a 9% increase from September's Rs 15.8 trillion. This surge also extended to the volume of transactions, reaching a new high of 11.41 billion, up 8% from 10.56 billion in September.
Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9% increase from Rs 15.8 lakh crore in September this year, according to data.