UPI Transactions Rise 4% MoM To 23.7 Bn In July

UPI transaction volume rose 4% to 23.66 Bn in July from 22.72 Bn in June, according to data released by the National Payments Corporation of India (NPCI). The total transaction value increased 3% to ₹29.88 Lakh Cr during the month under review from ₹28.92 Lakh Cr in June. While transaction volume grew 22% YoY, transaction amount zoomed 19% on a yearly basis in July.