Digital transactions through Unified Payments Interface, UPI have witnessed unprecedented surge within a year of demonetisation. <br/><br/>The government has been pushing for digital payments to make the country a less cash economy. <br/><br/>The number of transactions through Unified Payments Interface-UPI, launched by National Payment Corporation of India, NPCI was just one lakh in October last year which rose by 77 times to 76.96 million. <br/><br/>According to data provided by NPCI, in October alone, the transactions increased to 76.96 million from 30.98 million in September this year. <br/><br/>The figure for August was 16.80 million transactions. In October this year, the transactions were valued at 70.57 billion rupees.<br/><br/>Prime Minister Narendra Modi in December last year had launched BHIM (Bharat Interface for Money) app to facilitate quick payment transactions using UPI. <br/><br/>Meanwhile, the number of banks on UPI has increased to 57 from 21 in August last year. <br/><br/>Our correspondent reports that NPCI, which had started its services in January 2010 with a monthly transaction volume of about 50 million, had achieved the landmark volume of 1 billion transactions in July 2017 itself. <br/><br/>The one billion transactions pertain to all types of payments handled by NPCI including cheque clearing, ATM, BHIM, RuPay, E-commerce and Aadhaar-based payments.