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Transactions on the unified payments interface (UPI) rose 61% year-on-year (y-o-y) to 12.1 billion in February, latest data from National Payments Corporation of India (NPCI) showed. In January, UPI transactions rose nearly 52% y-o-y to 12.2 billion. This can largely attributed to the fact that the number of days in January is higher than February. With this, UPI transactions have surpassed the 12 billion mark for the three straight months. In terms of value, the transactions rose nearly 48% y-o-y to `18.3 trillion in February. It had risen nearly 42% y-o-y to `18.4 trillion ...