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.