IANS | 01 May, 2024
The number of Unified Payments Interface (UPI) transactions fell by 1
per cent (month-on-month) to 1,330 crore in April, down from 1,344
crore seen in March.
However, on a year-on-year basis, the
transaction count increased by 50 per cent. According to data from the
National Payments Corporation of India (NPCI), the transaction volume in
April was Rs 19.64 lakh crore, down from Rs 19.78 lakh crore in March.
However, it soared 40 per cent year-on-year.
In February,
transaction count and volume were seen at 1,210 crore and Rs 18.28 lakh
crore, respectively, while in January, it was 1,220 crore and Rs 18.41
lakh crore, respectively.
In 2023, the number of UPI transactions
increased by almost 60 per cent (year-on-year) to a record 11,768
crore, while the total value of UPI transactions grew by over 40 per
cent (year-on-year) to Rs 182.84 lakh crore.
Meanwhile, the
Indian payment infrastructure has expanded to other countries such as
Nepal, France, New Zealand, and more. The NPCI and the government have
taken steps to increase UPI usage, with the NPCI actively introducing
new features and services to improve its adoption.
