UPI transactions rise to 190 million in April

UPI transactions rise to 190 million in April

The Unified Payments Interface (UPI) is closing in on the 200 million monthly transactions mark, hitting 190 million in April, a nearly 7% jump from the 178-million transactions in March. The value of transactions increased to Rs 27,021 crore from Rs 24,172 crore during this period, as per data shared by the National Payments Corporation of India (NPCI). UPI has seen a spike in transactions in the past few months, as smartphone-based payment applications such as Paytm, Flipkart’s PhonePe, Google Tez and WhatsApp have adopted this payment channel. Comparatively, the share of the government backed BHIM app has fallen, registering 11.95 million transactions in March for a value of Rs 4,839 crore. 

Read More at The Economic Times News date : 2 May 2018, Wednesday

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