Economic Policy UPI payments record high of ₹12.82 lakh crore in December Unified Payments Interface (UPI) payments have touched record high of ₹12.82 lakh crore in December, 2022. In December, 782 crore transactions in volume terms were done on the platform. About UPI Platform It is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also provides the “Peer to Peer” collect request Pilot launch was on 11th April 2016 when Dr. Raghuram G Rajan was the Governor of RBI at Mumbai. The service is provided by the NPCI (National Payments Corporation of India)
Current Affairs Calender
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |