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Digital Payments Awareness Week: Reserve Bank of India (RBI) Governor Shaktikanta Das has given an update on everyday transactions of payment through UPI. Reserve Bank of India (RBI) Governor Shaktikanta Das has said that there has been a 50 per cent jump in daily transactions for payments through UPI (Unified Payments Interface) in a year and has crossed the 36 crore mark. In February 2022, this figure was 24 crores.
Inaugurating the Digital Payments Awareness Week at the RBI headquarters, the Governor said that in terms of value, these transactions amount to Rs 6.27 lakh crore. This figure is 17 percent higher than Rs 5.36 lakh crore recorded in February 2022. He said that the total monthly digital payment transactions have been crossing the Rs 1,000 crore mark every time for the last three months.
UPI has played a big role in revolutionizing the field of digital transactions in India. After withdrawing cash from ATM, it was a big challenge to bring the country’s large population into the digital ecosystem, who used to press the cancel button several times for satisfaction of mind. UPI has done this work very well. Today, record digital transactions are happening in India. From small shopkeepers to big e-commerce companies are using this service. But caution is also necessary during its use. (with language input)
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