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The Unified Payments Interface (UPI) transaction count grew 4.4% to 18.68 Bn in May from 17.89 Bn in April, touching a fresh all-time high. On a year-on-year basis, the number of transactions rose 33%.
In April, UPI transactions had seen a 2.2% month-on-month (MoM) dip.
As per the data released by the National Payments Corporation Of India (NPCI), the UPI transactions in May accounted for INR 25.14 Lakh Cr, up 5% from INR 23.95 Lakh Cr in April.
The average daily transaction count rose to 602 Mn in the month under review as against 596 Mn in April. Besides, the average daily transaction amount stood at INR 81,106 Cr.
(The story will be updated soon)
The post UPI Transactions Jump 4.4% MoM In May, Touch All-Time High at 18.68 Bn appeared first on Inc42 Media.
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