comscore 405.8 million UPI transactions worth Rs 59,835 crore clocked in September 2018
News

405.8 million UPI transactions worth Rs 59,835 crore clocked in September 2018

Over 120 banks are now live on UPI in the country as on September.

  • Published: October 3, 2018 9:20 AM IST
bhim-app-launch-bgr-india

Monthly transactions through unified payments interface (UPI) increased by more than 30 per cent month-on-month to 405.87 million in September, totaling over Rs 59,835 crore in value, according to the National Payments Corporation of India (NPCI) data. Also Read - WhatsApp Web: How to read messages without actually opening the chat

About 312.02 million UPI transactions totaling Rs 54,212.26 crore were clocked in the month of August 2018. Also Read - OnePlus 8T Pro will not launch this year, confirms OnePlus founder and CEO

Of the total, government-backed BHIM UPI registered 16.33 million transactions worth Rs 7,064.86 crore in September compared to 16.5 million transactions (totaling Rs 6,872.57 crore) in the previous month. Also Read - Nokia 9.3 PureView, Nokia 7.3 5G, Nokia 6.3 reportedly launching in November; Expected specifications, features

Over 120 banks are now live on UPI in the country as on September, according to the NPCI data.

UPI, which is a payments system launched by the NPCI, facilitates fund transfer between two bank accounts without having to share details of the beneficiary’s bank account.

At the end of August, there have been more than 31.6 million downloads of the BHIM app on Android and around 1.63 million on the iOS platform.

In a statement, Alibaba and SoftBank-backed Paytm claimed that it registered over 137 million UPI transactions in September, contributing over 33 per cent of the overall transactions.

The company said it has been enabling and promoting BHIM UPI for offline payments and over 5 million offline merchants out of its 9.5 million merchant-base now accept Paytm UPI.

“Our country is embracing digital payments for their everyday use cases. Paytm has built an ecosystem where users can make payments for various services such as mobile recharges, electricity and water bills, metro commute and also at the offline stores,” Paytm Senior Vice President Deepak Abbot said.

UPI numbers from PhonePe were not available. Google Pay (previously called Tez) did not disclose its numbers for the month of September but as per a blogpost dated September 18, it claimed to have 25 million monthly active users.

This is published unedited from the PTI feed.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel.
  • Published Date: October 3, 2018 9:20 AM IST



new arrivals in india

Poco X3
Poco X3

16,999

Realme Narzo 20A
Realme Narzo 20A

8,499

Realme Narzo 20
Realme Narzo 20

10,499

Realme Narzo 20 Pro
Realme Narzo 20 Pro

14,999

Oppo F17
Oppo F17

17,990

Samsung Galaxy M51
Samsung Galaxy M51

24,999

Poco M2
Poco M2

10,999

Oppo F17 Pro
Oppo F17 Pro

22,990

Realme 7 Pro
Realme 7 Pro

19,999

Realme 7
Realme 7

14,999

Xiaomi Redmi 9A
Xiaomi Redmi 9A

6,799

Vivo Y20
Vivo Y20

12,990

Xiaomi Redmi 9
Xiaomi Redmi 9

8,999

Nokia 5.3
Nokia 5.3

13,999

Motorola Moto G9
Motorola Moto G9

11,499

Realme C15
Realme C15

9,999

Realme C12
Realme C12

8,999

Samsung Galaxy Note 20
Samsung Galaxy Note 20

77,999

Xiaomi Redmi 9 Prime
Xiaomi Redmi 9 Prime

9,999

Oppo Reno4 Pro
Oppo Reno4 Pro

34,990

Samsung Galaxy M01 Core
Samsung Galaxy M01 Core

5,499

Realme 6i
Realme 6i

12,999

Asus Rog Phone 3
Asus Rog Phone 3

49,999

OnePlus Nord
OnePlus Nord

24,999

Infinix Smart 4 Plus
Infinix Smart 4 Plus

7,999

Xiaomi Redmi Note 9
Xiaomi Redmi Note 9

11,999

Samsung Galaxy M01s
Samsung Galaxy M01s

9,999

Vivo X50 Pro 5G
Vivo X50 Pro 5G

49,990

Vivo X50 5G
Vivo X50 5G

34,990

Realme C11
Realme C11

7,499

Poco M2 Pro
Poco M2 Pro

13,999

Realme X3
Realme X3

24,999

Realme X3 SuperZoom
Realme X3 SuperZoom

27,999

Tecno Spark Power 2
Tecno Spark Power 2

9,999

Oppo A12
Oppo A12

9,990

Oppo A52
Oppo A52

16,990

Samsung Galaxy A21s
Samsung Galaxy A21s

15,999

Oppo Find X2
Oppo Find X2

64,990

Motorola One Fusion Plus
Motorola One Fusion Plus

17,499

Samsung Galaxy A31
Samsung Galaxy A31

20,999

Samsung Galaxy M01
Samsung Galaxy M01

8,999

Samsung Galaxy M11
Samsung Galaxy M11

10,999

Infinix Hot 9 Pro
Infinix Hot 9 Pro

9,999

LG Velvet
LG Velvet

Price Not Available

Xiaomi Mi Note 10 Lite
Xiaomi Mi Note 10 Lite

Price Not Available

Apple iPhone SE 2020
Apple iPhone SE 2020

42,500

Honor 30 Pro
Honor 30 Pro

Price Not Available

Honor 30
Honor 30

Price Not Available

OnePlus 8
OnePlus 8

44,999

OnePlus 8 Pro
OnePlus 8 Pro

54,999

Xiaomi Redmi Note 9 Pro
Xiaomi Redmi Note 9 Pro

13,999

Motorola Moto E4
Motorola Moto E4

8,999

Samsung Galaxy On Max
Samsung Galaxy On Max

9,775

nubia N2
nubia N2

15,999

Karbonn K9 Kavach 4G
Karbonn K9 Kavach 4G

5,290

Motorola Moto C Plus
Motorola Moto C Plus

6,999

Best Sellers