UPI transactions cross Rs 10-trillion mark in May 2022, Unified Payments Interface (UPI), National Payments Corporation of India
Unified Payments Interface (UPI) transactions are continued to grow in May 2022 with the platform processing transactions of Rs 10 trillion during the month. In terms of volume, transactions were at 5.95 billion during the month, according to data released by the National Payments Corporation of India.
UPI transactions are being more than a doubled on year-on-year basis, in terms of both volume and value. The value of UPI transactions were stood at Rs 4.91 trillion in May 2022, while the number of transactions totaled to 2.54 billion.
The number of transactions grew on a month-on-month basis by close to 7% while the value was rose nearly 6%. The value of such transactions was stood at Rs 9.83 trillion in April.
Also read below..