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UPI Transactions Hit Record High in March

  • In March, Unified Payments Interface (UPI) transactions surged 13.6% to reach 18.30 billion, surpassing the previous month's 16.11 billion.
  • According to NPCI data, the total transaction value for March was INR 24.77 Lakh Crore, marking a 12.8% increase from February's 21.96 Lakh Crore.
  • The average daily transaction count in March rose to 590 million, compared to 575 million in February.
  • On a year-on-year basis, UPI transactions saw a remarkable 36% increase in March.
  • This rise follows a 5% dip in February, which had ended a streak of consecutive monthly record highs.

Source: Inc42

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4mo ago
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