New Delhi, May 1 (IANS) 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.
–IANS
shs/arm
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
