UPI payments hit new record in 2023 with transaction count, value

UPI ended 2023 at a high, setting new records in transaction count and value. In December, there were over 1,200 crore transactions worth more than Rs 18 lakh crore. This is a marginal increase compared to November's already peaked Rs 17.4 lakh crore. Data from NPCI shows that in 2023, there were over 11,765 UPI transactions worth Rs 182.2 lakh crore, a 59% increase in volume and a 45% increase in value compared to 2022. NPCI has also announced the launch of 'UPI for Secondary Market' and Hitachi Payment Services introduced the country's first-ever UPI-ATM.

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