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NPCI hits 1 bn transactions volume in July

NPCI hits 1 bn transactions volume in July

National Payments Corporation of India (NPCI) on Friday said it achieved 1 billion transaction volume in July on the various payments systems it operates.

The transactions pertain to all types of payments handled by NPCI - from cheque and ATM clearing to IMPS, UPI, BHIM, RuPay, POS, e-commerce and also Aadhaar-based payments.
Currently, the NPCI operates 12 payment systems.
"It is a great achievement to join the leagues of reputed payment institutions which process billions of transactions every month globally," NPCI managing director and CEO A P Hota said in a statement here.
He said highest growth has been seen in the mobile payments and Aadhaar-based payments.
"The next logical target can be a billion transactions a day - may be in three years," Hota said.
The NPCI started its services in January 2010 with monthly transaction volume of about 50 million.

Agencies

Agencies

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