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Bharat Interface for Money (BHIM) using Unified Payments Interface BHIM-UPI Transactions Grow 7.7% to reached how many crores in October 2022?
A)
704 crore
B)
730 crore
C)
768 crore
D)
821 crore

Correct Answer : Option (B) - 730 crore



UPI transactions rose by 7.7 per cent in October 2022 to 730 crore. The total value for the month stood at more than ₹12.11 lakh crore.
 
In September 2022, UPI transactions stood at 678 crore with a total value of ₹11.16 lakh crore.
 
The instant interbank fund transfer through IMPS (Immediate Payment Service) transactions in October stood at 48.25 crore and the value was at ₹4.66 lakh crore.

The transactions were higher by 4.3 per cent as compared to September according to the monthly data from the National Payments Corporation of India (NPCI).
 
The NETC FASTag, which facilitates automatic toll collection at NHAI's toll booths across the country, registered a 9.3 per cent growth in the number of transactions compared to 28.3 crore in September 2022.
 
The value of transactions stood at ₹4,451.87 crore in October 2022 as against ₹4,244.76 crore in September 2022.
 
While the Aadhaar card-enabled AePS, which facilitates easy, quick and safe banking transactions, increased to 11.77 crore in October compared to 10.27 crore in previous month. The value of AePS transactions rose to ₹31,112.63 crore from ₹26,665.58 crore..

Source : Mint

Published On : November 2, 2022
Category : Indian Economy
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