Thursday, May 23, 2024

UPI transaction count witnesses slight drop to 1,330 cr in April


Share post:


New Delhi, May 1: 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.



Related articles

Chip giant Nvidia to design new AI chips every year: CEO

Shillong, May 23: Chip giant Nvidia, which reported more than $14 billion in profit for the quarter ended...

As he prepares for ‘Bhaiyya ji’ release, Manoj Bajpayee gorges on piping hot samosas in Lucknow

Shillong, May 23: Acclaimed Bollywood star Manoj Bajpayee was seen enjoying some piping hot samosas during his visit...

Prolonged sitting poses death risks akin to obesity and smoking: Doctor

Shillong, May 23: Does your occupation require you to sit for long hours? Beware, it may worsen your...

2 conmen held in UP for ‘digital arrest’ of victims

Shillong, May 23: Two men posing as officers of CBI, NIA, and Customs, who had conned a retired...