The number of transactions on the Bharat Interface for Money (BHIM) UPI app was 14.9 million for the month of March 2019, up 16.3% from 12.8 million last month. The total value of the transactions stood at Rs 6,417 crore, up 14% from Rs 5,624.2 crore in February 2019, according to data provided by the National Payments Corporation of India (NPCI). The NPCI is the bank-owned organization that runs the Unified Payments Interface (UPI). There were 799.5 million UPI transactions in March 2019, with Rs 133,460.7 crore being transacted. Thus, BHIM processed only 1.9% of all UPI transactions and accounted for 4.8% of the amount transacted in March. In the previous month, BHIM had processed 1.9% of all UPI transactions and accounted for 5.3% of the amount transacted. The Times of India reported that amount worth of Rs 43,000-Rs 45,000…
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