On Thursday, A data has been released by National Payments Corporation of India (NPCI), that UPI BHIM transaction has doubled when compared to the data of previous year. In March 2020, the it was recorded that around 125 crore transactions took place, and this year it was tremendously increased to 273 crores.
The value of UPI transactions during the month was at 5,04,886 crore. And also the bharat bill pay transactions were 3.52 crore of 5,195.76 crore during the month and the transactions through NETC fast as for automatic.
In February 2021, the number of BHIM UPI transactions were 229 crore valued at ₹4,25,062 crore.
The real time settlement with IMPS carried out 36.31 crore transactions worth ₹3,27,234.43 crore in March 2021.