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It is going to be six years since the launch of UPI. A tweet has been shared by India in Pixel, in which data sonification was used regarding the UPI transaction value on a monthly basis. PM Modi has congratulated him by retweeting this.
Digital transactions in the last few years (Digital transactions) has grown tremendously. Along with the boom in digital transactions UPI Transaction ,UPI transactions) is also witnessing a bumper boom. The National Payment Corporation of India (NPCI) launched the UPI service on 11 April 2016. It has been very successful in the last six years. India in Pixels has made a tweet regarding monthly UPI transaction data. In this tweet, the transaction volume has been shown with the help of data sonification. PM Modi has retweeted this from his official Twitter handle. In his tweet, PM Modi says that I always talk about digital payments and UPI, but the way this data is depicted as sound of money is fantastic. He described it as very interesting, effective and informative.
India in Pixel has made many tweets regarding the UPI transaction. According to this tweet, till March 2022, with the help of UPI, transactions worth $ 2 trillion i.e. $ 2 lakh crore or Rs 1.56 crore have been done. There was a bumper boom in digital transactions during the Corona period. 81 percent of the total transactions were done only after the outbreak of this epidemic.
I’ve spoken about UPI and Digital Payments quite often but I really liked how you’ve used the sound of money transacted through data sonification to effectively convey the point.
— Narendra Modi (@narendramodi) April 13, 2022
Record Transactions in the month of March
On NPCI website available data According to this, in the month of March, with the help of UPAI, a transaction of Rs 960581.66 crore was done, which is an all-time high. Talking about the volume, a total of 5405.65 million i.e. 504 crore times transactions were done last month. There was a decline in both UPI transaction value and volume in February.
For the first time in October, the figure crossed 400 crores
In October 2021, UPI transactions crossed the 400 crore mark for the first time. Talking about the performance of this year, there was a slight decline in February.
was launched in June 2016
The Government of India launched UPI transactions in June 2016. Since then it has never looked back. For the first time in October 2019, the UPI transaction figure crossed 100 crores. Since then, it has been continuously making records in terms of volume and value. Especially during the Corona period, there was a huge boom in digital transactions and it made many important records.
The function of UPI has also been upgraded
Both users and merchants are accepting UPI transactions very fast. NPCI has also upgraded its function. Autopay facility is now available on UPI. Apart from this, investing in IPO can be done with the help of UPI.