The UPI has generated transactions worth a record Rs 28.33 lakh crore in the month of January, up 21% from Rs 27.97 lakh crore a month ago. 

A similar trend was seen in volume terms, according to data released by the National Payments Corporation of India (NPCI). The transactions through Unified Payments Interface (UPI) touched a new high volume of 21.70 billion in January.

The average daily transaction in January was 700 million with an average value of Rs 91,4033 crore.