A billion transactions aday can be processed through UPI: RBI guv
Business Standard|March 07, 2023
The Unified Payments Interface (UPI), India's flagship digital payments platform, has the bandwidth to process one billion transactions a day, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday while launching the mission "Har Payment Digital".
SUBRATA PANDA & MANOJIT SAHA
A billion transactions aday can be processed through UPI: RBI guv

The objective of the mission, as part of Digital Payments Awareness Week (DPAW) 2023, is to make every citizen in the country opt for digital payments.

Das said he expected more countries to join India in linking their payments on a real-time basis, like the one with Singapore's PayNow, which started last month.

"Currently the number of transactions done through UPI is 26 crore (260 million) per day. The system has the capacity to handle 100 crore (one billion) transactions per day. So the system is geared to onboard new customers into the UPI platform," Das said.

On March 1, there were 300 million transactions through the UPI.

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ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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