The value of UPI transactions remained higher in the first three months of 2019, according to data by the National Payments Corporation of India (NPCI) and Reserve Bank of India (RBI).
UPI has seen growth between March 2018 and March 2019 with monthly transaction volumes growing 4.5 times to 799.54 million over the 2018.
In January 2019, the number of UPI transactions stood at INR 1.09 trillion, while transactions recorded by cards at registered INR 1.05 trillion. In February 2019, the number of UPI transactions stood at INR 1.07 trillion and the amount transacted through cards was INR 93,998 crore.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.