UPI transactions value exhibited parallel upward trajectory in 2023: Report
The volume of UPI transactions in H2 2023 to H2 2022 increased by 56 per cent from 42.09 billion to 65.77 billion, the report said.
Promoting digital payments in the country, Niti Aayog on Tuesday said nearly 10 lakh customers and merchants had been rewarded for making digital payments under the Lucky Grahak Yojana.
“Nearly 10 lakh consumers and merchants have been rewarded over Rs.153.5 crore under the Niti Aayog's scheme to incentivise digital payments,” the think tank said.
The scheme, aimed to provide incentives to people to go cashless, was launched in December 2016. It rewards consumers through a daily, as well as a weekly, draw on transactions worth Rs.50 to Rs.3,000 with maximum reward of up to Rs.1 lakh.
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The scheme commenced from December 25 and would last till April 14.
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