Over the past few years, India has seen a massive increase in digital payments, thanks to various initiatives from fintech companies, the government, and the whole demonetization drive in the country. Now, a recent report from India’s National Payments Corporation (NPCI) revealed that April 2022 recorded all-time high UPI payments in India, reaching a transaction value of nearly Rs 10 trillion. Check out the details below.
A recent report by NPCI reveals that the digital payments platform Unified Payments Interface (UPI) recorded 5.58 billion transactions in April 2022 alone, setting a new record for the payments platform in India since its inception in 2016. The transactional value reached Rs 9.83 trillion as digital payments continued to garner new users in the country.
