Digital transfers breached $100 billion (Rs 7.7 lakh crore) by value in a month for the first time.
Payments through the unified payments interface reached Rs 7.7 lakh crore in October through 421 crore transactions, according to data released by the National Payments Corporation of India.
The value of transactions rose 18% from Rs 6.54 lakh crore in September. Year-on-year, it nearly doubled.
UPI transactions had crossed Rs 6 lakh crore in July.
So far, Google Pay, PhonePe and Paytm lead the pack for total transactions on the UPI. In September, PhonePe reported Rs 3.06 lakh crore worth of transactions and Google Pay registered Rs 2.5 lakh crore. Paytm Payments Bank was a distant third with Rs 53,793 crore. Data for October is yet to be released.
Fintech app Cred reported Rs 9,614 crore worth of transactions in September, while NPCI's BHIM reported Rs 7,538 crore.
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