UPI transactions see slight dip to Rs 19.64 trillion in April
The Business Guardian|May 02, 2024
In April, Unified Payment Interface (UPI) transactions witnessed a slight decline in both volume and value compared to March 2024, marking a decrease of 1 percent and 0.7 percent, respectively.
UPI transactions see slight dip to Rs 19.64 trillion in April

The total value of UPI transactions in April amounted to Rs 19.64 trillion, down from Rs 19.78 trillion in March. Similarly, the number of transactions stood at 13.3 billion in April, compared to 13.44 billion in March.

Vive Ayer, a partner at Grant Thornton Bharat, commented on the decline, stating, "UPI volumes and values continue to grow year-on-year (Y-o-Y), reflecting the ongoing focus on digital adoption across the country and the convenience that UPI offers. The month-on-month reduction is not a comparable factor, given that March typically sees higher volumes during the year, hence April 2024 figures are lower than those of March 2024."

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