Consumers make over 540 million InstaPay transactions thorough UPI and IMPS combined

NPCI is pleased to announce that consumers of Bharat Interface for Money - Unified Payments Interface (BHIM UPI) and Immediate Payment Service (IMPS) performed over 540 million instant payment transactions in September 2018.

BHIM UPI achieved 405.87 million transactions in volume while the value of transactions stood at Rs. 59,835.36 crore. This records transactions growth of 30 per cent as compared to previous month. UPI volume (UPI, BHIM and USSD 2.0 -*99#) during second quarter i.e. September, August and July were 405.87 million, 312.02 million and 235.65 million while the value stood at Rs. 59,835.36 crore, Rs. 54,212.26 crore and Rs. 45, 845.64 crore respectively. Currently, customers of 122 banks are utilising BHIM UPI services.

IMPS achieved 135.74 million transactions in volume while the value of transactions stood at Rs. 1,25,639.83 crore. IMPS provides robust and real time fund transfer service which offers an instant, 24X7, interbank electronic fund transfer service that could be accessed on multiple channels like Mobile, Internet, ATM, SMS and Branch. Currently, total number of banks live on IMPS platform are 394.

NPCI organises digital training workshops at 50 plus educational institutes on teacher's day

In a bid to empower educational institutes with smart way of digital payment alternatives, National Payments Corporation of India (NPCI) is organising digital training workshops at 50 plus institutions on the occasion of Teacher’s Day. Over 35 colleges and 15 schools in Mumbai, Pune and Madhya Pradesh will participate in this activity which would cover over 15,000 students, parents, teachers, principals and other staff. This initiative is being executed in association with online fee payment platform OnFees.

Participants will be familiarised with modes of digital payments, details on various payment applications, features and offers of RuPay debit and credit cards and practical session on BHIM app downloads and transactions. Students were encouraged to adopt cashless modes of payments with prepaid cashless vouchers to make transactions on OnFees, BookMyShow and Amazon. Participating institutions have also enabled students to make fees payment digitally through the OnFees platform.

R. D. National College, H R College, Thadomal Sahani, Vidyalankar Educational Campus, Nirmala Niketan College of Home Science, Andrews College, Ramnarain Ruia College, R A Podar College, SIES College, Khalsa College, Ambi Talegaon Tal Maval D Y Patil Colleges were among the 50 participating colleges.