Just within four years of its launch, transactions using India's own domestic payments platform-Unified Payments Interface (UPI)-hit a landmark of two billion in Oct 2020.
The payment platform had recorded 1.8 billion transactions worth ₹3.29 lakh crore in September, official data showed.
The number of UPI transaction touched one billion mark in October 2019.
The payment platform, has witnessed growth in volume every month since its launch barring the April-May period this during nationwide lockdown imposed to controll the spread of novel coronavirus.
UPI platform, which was launched days before demonetisation in 2016, enables users to send money from their account to any account without entering bank details by using an email-like handle or scanning a QR code.
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