UPI sees marginal dip in June transactions, value down 4%

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The Unified Payments Interface (UPI), operated by the National Payments Corporation of India (NPCI), witnessed a slight decline in both transaction volume and value in June.

The platform processed 18.40 billion transactions during the month, down from 18.68 billion in May.

The transaction value also dipped to Rs 24.04 lakh crore from Rs 25.14 lakh crore the previous month, according to data released by NPCI on July 1.

This comes after a 4.4% rise in UPI volumes in May, following a decline in April.

Despite the monthly dip, UPI transactions in June were…



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UPI sees marginal dip in June transactions, value down 4%



The Unified Payments Interface (UPI), operated by the National Payments Corporation of India (NPCI), witnessed a slight decline in both transaction volume and value in June.

The platform processed 18.40 billion transactions during the month, down from 18.68 billion in May.

The transaction value also dipped to Rs 24.04 lakh crore from Rs 25.14 lakh crore the previous month, according to data released by NPCI on July 1.

This comes after a 4.4% rise in UPI volumes in May, following a decline in April.

Despite the monthly dip, UPI transactions in June were…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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