UPI transactions at record high in April, touch Rs 14.07 trn

Unified Payment Interface (UPI) transactions scaled a record high in April, clocking Rs 14.07 trillion in terms of value and 8.9 billion in volume. This is a marginal rise of 0.14 per cent and 2 per cent respectively, compared to Rs 14.05 trillion and 8.7 billion in March.

Close to 1 billion transactions worth around Rs 1.37 trillion happened during the last three days of April, according to data from the National Payments Corporation of India (NPCI). Compared to April 2022, transactions last month were higher by 59 per cent in terms of volume and 44 per cent in terms of value. In April 2022, over 558 crore transactions happened with a value of Rs 9.8 trillion.