NCPI chief predicts, one billion UPI transactions per day by 2025! , NCPI chief predicts, one billion UPI transactions per day by 2025!
Reserve Bank of India (RBI) Governor Shaktikanta Das told reporters at the launch of the Digital Payments Awareness Week that in the last 12 months, daily transactions have crossed 36 crore.
National Payments Corporation of India (NCPI) Dilip Asbe, MD and CEO said that the unified payment interface (UPI) Daily transactions on the platform could reach 1 billion in the next three years. UPI has reached its full potential. India’s UPI is considered as one of the best payment systems in the world
Still work to do
He said in a conversation with Money Control that I don’t think UPI has achieved its potential. For a country like India, we have to do 10 times what we are doing. In fact, if we all put in the same effort, I am sure we will reach 1 billion transactions in two to three years, he added. By 2025, we should be able to achieve this goal.
UPI Transaction Lifetime Max
Asab’s comments came at a time when daily UPI transactions hit an all-time high. Earlier this week, Reserve Bank of India (RBI) Governor Shaktikanta Das told reporters at the launch of the Digital Payments Awareness Week that in the last 12 months, daily transactions have crossed 36 crore, a jump of 50 from February 2022 in terms of volume. percent growth, while the value of UPI transactions rose 17 percent to Rs 6.27 lakh crore compared to February last year.
UPI has no breaks in the world
On the other hand, agreeing with Asbe, co-founder of Salt App, Shinjini Kumar praised the growth of UPI and said that UPI is much better than most payment systems in the world. He said UPI could prove more useful in coming days. On the occasion, Harshil Mathur, Co-Founder and CEO, Razorpay, spoke about continuous innovation in payment systems. So that common people can get more easy and convenient way to make payment.
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