Lockdown impact: Digital transactions nosedive in April, shows NPCI data

Digital payments nosedived in April, as economic activities in the country came to a near standstill due to the nationwide lockdown, data released by National Payments Corporation of India (NPCI) indicated.

The value of IMPS (Immediate Payment Service) transactions in April fell to about Rs 1.21 trillion in April, from about Rs 2.02 trillion in March. The transaction count was 122.5 million in April, from 216.8 million in March, NPCI declared on Twitter and Facebook. In February, before the lockdown started, the IMPS counter had witnessed about Rs 2.15 trillion worth of value in 247.8 million transactions.