Diwali sales and the roll-out of revised goods and services tax framework has fuelled the usage of Unified Payments Interface (UPI) in October, with average daily transactions crossing the Rs 96,000 crore, as per the data shared by the National Payments Corporation of India (NPCI).
The average daily value stood at Rs 96,638 crore as of Wednesday, Oct. 22, which is up 16% as compared to Rs 82,991 crore in September, the NPCI data showed.
A surge has been also been logged in terms of the average daily volume, which stands at 68 crore daily transactions in October so far. This is 4% higher as against 65.4 crore transactions in September.
(This is a developing story)
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