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.
The Aadhaar Enabled Payment System (AePS) based financial transactions touched 100 million in the month of August, with transaction amount stood at Rs 24,676 crore, the National Payments Corporation of India (NPCI) data showed on Sunday.
This will enable UPI payment acceptance in Qatar through the QNB merchant network, benefiting Indian travellers visiting and transiting through the country.
With this development, Peru will soon have a UPI-like instant payments system.
Earlier, NRIs had to register an Indian mobile number with their banks to make UPI payments.
In December, UPI recorded 12 billion transactions, totalling Rs 18.23 lakh crore.
