The report - "India Digital Payments Report for H1 2023" released by global payments service provider Worldline, says the number of UPI transactions in India rose 62% in the first six months of 2023 compared to the same period last year, largely driven by P2M transactions. It cited data from the National Payments Corporation of India (NPCI).
It may be noted that currently, P2M accounts for a share of 56.1% of all UPI transactions.
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