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Infosys chairman Nandan Nilekani expressed happiness on the achievement of this massive feat by tweeting the exponential rise of UPI transactions in the one year since Note ban.
“UPI transactions: Oct 2016 – 0.1 million, Oct 2017 – 76.96 million. What a story!,” he tweeted.
In October 2016 before note-ban was announced, UPI recorded 0.1 million transactions. Now its number of payments stand at 76.96 million.
The number of transactions rose from 30.98 million to 76.96 million in October 2017 alone. The payments in just this one month were valued at Rs. 70.57 billion.
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