Digital Drive

Digital Drive

UPI Payments

We could visibly observe that there was a dip in the UPI payments in the month of June this year, which however, rose to Rs. 1.54 lakh crores in the month of August 2019.


  • Experts feel that much of the volumes of transactions are in the nature of P2P transactions.
  • Here merchants are still somewhat are reluctant to transact digitally.
  • However, the volumes are slowly moving towards the 1-billion mark and transactions via AEPs (Aadhar Enabled Payment System) has crossed over 200 million mark in the month of July this year.
  • The relative value of the transaction was inching to the Rs. 10,000 crore mark and stood at Rs. 9,685 crore.


AEPS (Aadhar Enabled Payment System) is a modern transaction system which brings banks to the remote areas where people don’t have a smartphone and not comfortable with the digital transaction. This is the only transaction system which also gives cash.  In this technology, your fingerprint or iris image is used for the authentication. This system requires a micro-ATM and an operator which can be a banking correspondent or merchant.

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