India, Sept. 1 -- UPI transactions rose 2.8% month-on-month to 20.01 Bn in August, touching a fresh all-time high. On a year-on-year basis, the transaction count jumped 34%.

This is the second consecutive month when UPI transaction count touched a new high. In July, the number of transactions stood at 19.47 Bn.

However, in terms of value, UPI transactions saw a marginal 1% decline. The value of UPI transactions in August stood at INR 24.85 Lakh Cr as against INR 25.08 Lakh Cr in July.

As per the National Payments Corporation of India's data, the average daily transaction count rose to 645 Mn in August from 628 Mn in July.

(The story will be updated soon)

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