UPI

It is reported that in 2022, the digital rupee joint payment interface (UPI) realized about 740.445 million transactions, or 2347 transactions per second. The total number of digital rupee transactions reached 125.95 trillion rupees, an increase of 1.75 times over 2021. （economictimes） Data: The total number of digital rupee transactions reached 125.95 trillion rupees in 2022 Analysis based on this information:The digital wave has taken over the world, and India is not an exception. Digital cashless transactions are making their way into every nook and corner of the country. A recent report has stated that in the year 2022, the digital rupee’s joint payment interface (UPI) has successfully executed around 740.445 million transactions. This is equivalent to 2347 transactions per second, showcasing an impressive rise in cashless transactions in the country. With technological advancements and increased mobile penetration, digital payments have become convenient, fast, and secure for the masses. The digital rupee is a revolutionary step taken by the government…