More than Rs 83 lakh crore traded making use of UPI setting of deal in 2021-22
More than Rs 83 lakh crore traded making use of UPI setting of deal in 2021-22
Highlights
- UPI has actually been utilized for trading a worth of Rs 83 lakh crore in the monetary year 2021-22.
- The development of the UPI repayment system has actually been extremely high in the last 2 years.
- The UPI setting was promoted throughout the pandemic, as a result of absence of money.
The preferred Unified Payments Interface (UPI) electronic repayments technique has actually plainly won hearts as well as has actually been utilized for trading a worth of Rs 83 lakh crore in the monetary year 2021-22. This is the very first time this has actually occurred. The development of the UPI repayment system has actually been extremely high in the last 2 years.
The UPI setting was promoted throughout the pandemic, as a result of absence of money as well as bothersome techniques of money repayment. Now electronic deals have actually ended up being usual method not just in cities yet likewise in remote towns as well as communities.
People are likewise utilizing it for paying percentages. The National Payments Corporation of India (NPCI) launched the information up until March 29. The worth of deals via UPI in 2021-2022 was Rs 83.45 lakh crore. For the very first time in March, the quantity in the UPI repayment system went across 500 crores. An overall of 504 crore deals were done till March 29, 2022.
The deal worth till March 29 stood at Rs 8.8 lakh crore. At the start of the monetary year 2021-22 i.e. in April, an overall of 260 crore deals were done via UPI, whose worth was Rs 4.93 lakh crore.
The share of UPI in overall retail repayments in the country stood at 60% in 2021-22. The use UPI has actually profited the commoner in addition to the storekeepers.
