UPI Reaches Milestone Of 16.6 Billion Transactions In October

India’s Unified Payments Interface (UPI) reached a milestone of 16.6 billion transactions in October, showcasing its rapid growth, according to a Reserve Bank of India (RBI) report. UPI’s capabilities, including an 86% success rate for instant debit reversals, highlight its role in enabling seamless, cross-bank, peer-to-peer, and person-to-merchant transactions.