Key Points
In terms of value, it 22% y-o-y to Rs 5,149 crore...
Unified Payments Interface (UPI) transactions rose 43% year-on-year(y-o-y) to a record Rs 14.1 trillion in value terms during April..
In March, transactions had hit Rs 14.05 trillion (value) and 8.7 billion (volume) while for February, 7.5 billion transactions worth Rs 12.4 trillion were processed on the platform...
The rise in UPI transactions has been aided by the growth in digital lending, wherein lenders opt to disburse loans through the unified payments interface platform...
Immediate Payment Service (IMPS) transactions rose 5% y-o-y to 486 million in April..
