UPI transaction value dips 1.7% to Rs 29.03 trillion in April
The Unified Payments Interface (UPI) transaction value dipped 1.7 per cent in April to Rs 29.03 trillion, down from Rs 29.53 trillion the previous month.
The Unified Payments Interface (UPI) transaction value dipped 1.7 per cent in April to Rs 29.03 trillion, down from Rs 29.53 trillion the previous month.
The study was conducted by an independent third-party research agency in consultation with the National Payments Corporation of India (NPCI).
The unified payments interface (UPI) saw 32 per cent transaction count growth (year-on-year) at 20.47 billion in the month of November — along with registering 22 per cent annual growth in transaction amount at Rs 26.32 lakh crore, the National Payments Corporation of India (NPCI) data showed on Monday.
The Unified Payments Interface (UPI) transactions in August grew 3% to 20.01 billion, up from 19.47 billion in July. Further, in value terms, transactions dipped 1% to Rs 24.85 trillion from Rs 25.08 trillion in July.
Unified Payment Interface (UPI) transactions witnessed a month-on-month (MoM) increase in July in terms of volume, closing at 19.47 billion. In June, the transactions were at 18.40 billion.
With digital payments becoming an integral part of daily life for millions of Indians, experts and authorities are urging users to remain alert and follow basic safety precautions to avoid falling victim to fraud.
According to the outage tracking platform Down Detector, there were 2,358 complaints by 1 pm.
The Unified Payments Interface (UPI) experienced a temporary outage for the second time within a week.
New FASTag rules, imposing extra penalties on users with low balance, delayed payments or blacklisted tags, will come into force from Monday.
The National Payments Corporation of India (NPCI) on Tuesday removed the unified payments interface (UPI) user onboarding limit for WhatsApp Pay with immediate effect.
