UPI processes Rs 29.9 lakh crore in May; transaction volumes hit 23.2 billion
Daily average transaction volumes rose to 748 million in May from 745 million in April, reflecting higher adoption of UPI for retail consumer payments. The Unified Payments Interface (UPI), operated by the National Payments Corporation of India (NPCI), processed transactions worth Rs 29.90 lakh crore in May, up 19% year-on-year (YoY) and 3% month on month (MoM). The total transaction…
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