Digital payments continued to register robust growth in September amidst the festival season and normalisation of economic activities.
The Unified Payments Interface (UPI) registered 365 crore transactions worth ₹6.54-lakh crore in September, as per data released by the National Payments Corporation of India on Friday.
The UPI platform had clocked 355 crore transactions amounting to ₹6.39-lakh crore in August.
This was the third consecutive month where UPI transactions remained well above the 300-crore mark.
Immediate Payment Service (IMPS) also registered a rise in transactions and processed 38.44 crore payments of ₹3.24-lakh crore in September. As many as 37.79 crore transactions amounting to ₹3.18-lakh crore took place through IMPS in August.
Transactions on NETC FASTags, however, declined to 19.36 crore in September amounting to ₹3,009.3 crore in value terms compared to 20.12 crore transactions worth ₹3,076.56 crore in August.
AePS transactions also decreased. As many as 9.09 crore transactions amounting to ₹23,292.33 crore took place through AePS in September against 10.84 crore payments worth ₹27,333.87 crore in August.
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