Unified Payments Interface (UPI) is a system from which online payment can be made through mobile. The number using the UPI starting in 2016 in India has become very high today. People in the country are paying crores of rupees every month through UPI. The most surprising thing is that people are using UPI to fill the loan EMI.
This has been revealed in the July Ecosystem Statics data released by the National Payment Corporation of India. According to the latest data, a total of Rs 93,857 crore has been made to the total date collection agencies in July. These agencies include government banks, private banks and small loan-giving non-banking financial institutions. According to the march category in the report, it has been told how much and where people are spending.
More UPI on petrol and ration
After this, people are using the most UPI payment to buy items of need. A total of 65 thousand crore rupees have been paid online in grocery stores and supermarkets. After this, people are scanning the QR code to fill petrol and diesel. In July, about 35 thousand crores have been paid to fuel stations. Not only this, people have also paid UPI of Rs 23,497 crore for electricity, gas, water and hygiene.
Source: NPCI
Border-par also increased UPI transactions
The use of UPI of India is growing rapidly for border transactions. In the first four months of the current financial year, there have been more than 6 lakh transactions, which are only 1.5 lakh less than such transactions in the entire 2024-25. In response to a question written in the Lok Sabha on Monday, Minister of State for Finance Pankaj Chaudhary said that till July, a total of 6.01 lakh borders were done in UPI transactions in the current financial year. Their number was 7.55 lakhs throughout 2024-25. According to the price, so far this financial year has led to a border-par UPI transactions of Rs 169.29 crore, while last year the figure was Rs 258.53 crore.