Continuing on an upward trajectory, digital payments in January saw decent growth with Unified Payments Interface (UPI), the flagship payments platform of National Corporation of India (NPCI), touching a new high both in terms of volume and value. As per data released by NPCI for January, UPI recorded 2.3 billion transactions worth Rs 4.3 trillion, up 3 per cent both in volume and value terms respectively. On a year-on-year basis, UPI’s transaction volume jumped 76.5 per cent while transaction value jumped almost 100 per cent. They breached the 2-billion (volume) mark for the fourth straight month. In December, it had handled 2.23 billion transactions worth Rs 4.16 trillion and in November it processed 2.21 billion transactions worth Rs 3.90 trillion. Launched in 2016, UPI crossed 1 billion transactions for the first time in October 2019. While it took UPI three years to reach a billion transactions in a month, the next billion came in just a year.