Digital transactions through Unified Payments Interface (UPI) have surged exponentially 77 times within a year of the demonetisation drive. UPI transactions: Oct 2016 - 0.1 million, Oct 2017 - 76.96 million. In October alone, the transactions increased to 76.96 million from 30.98 million in September. "UPI transactions: Oct 2016 - 0.1 million, Oct 2017 - 76.96 million. In order to push UPI transactions, Prime Minister Narendra Modi in December had launched BHIM (Bharat Interface for Money) app to facilitate quick payment transactions using UPI.

Source: dna November 05, 2017 07:41 UTC