![UPI transactions dip 1% in June as value crosses ₹20 lakh cr again](https://images.assettype.com/fortuneindia%2F2021-09%2Fbfa34084-d461-4a38-b4e0-d6803a6ccce1%2FUPI_payment_New.jpg?rect=0,61,6173,3087&w=300&q=95)
UPI transactions dip 1% in June as value crosses ₹20 lakh cr again
UPI transactions had hit a historic high in May as volume surged 49% YoY to 14.4 billion while value hit ₹20.45 lakh crore, up 37% YoY
UPI transactions had hit a historic high in May as volume surged 49% YoY to 14.4 billion while value hit ₹20.45 lakh crore, up 37% YoY
Driven by the growth of credit on the platform, UPI is targeting 2 billion transactions a day which pegs the growth opportunity in merchants and users at more than 3 times
Titled as ‘2023 Global Payment Report,’ it says the Indian ecommerce market through UPI transactions stood at $82 billion in 2022.
In terms of volume, UPI transactions were at an all-time high of 731 crore, thus registering a growth of 7.6% as compared to 678 crore transactions in September.