UPI Transactions See Marginal Drop To 1,330 Cr In April.

UPI transactions fell by 1% month on month (MoM) to 13.30 billion in April 2024 from 13.44 billion in March.

In April, the transaction volume was INR 19.64 lakh crore, down from INR 19.78 lakh crore in March.

The Unified Payments Interface (UPI) transactions fell marginally, 1% month on month (MoM), to 13.30 billion in April from 13.44 billion the prior month.

The Indian payment infrastructure has already expanded outside its borders, entering Nepal, France, New Zealand, and other countries.

The government has implemented initiatives to increase UPI usage, as has the NPCI. The NPCI, in particular, has taken proactive steps to increase UPI use by delivering new features and services.

Its initiatives, including UPI Lite, credit lines on UPI, UPI LITE X, Tap & Pay, Hello! UPI, and BillPay Connect, have aided in this attempt.