wordpress blog stats
Connect with us

Hi, what are you looking for?

UPI transactions grew to 781.8M in April 2019; Rs 142,034Cr transacted

The Unified Payment Interface (UPI) saw a decrease of 2.2% in the total transaction volumes taking place between March 2019 and April 2019, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks and owns and operates payments systems such as UPI and IMPS.

The total number of transactions in April 2019 was around 4 times higher than in the same month last year. The amount transacted went up by 6.4% to Rs 142,034.4 crores over March. The amount transacted in April 2019 was 5.3 times higher than in April 2018.

Some observations

1. Although the amount transacted increased this April 2019, the number of transactions fell for the first time to 27.92 crore transactions per day from 28.55 crore transactions in March 2019.

2. The number of transactions declined by 17.8 million in April whereas the total amount transacted increased by Rs 8,573.7 crores. In March 2019, volume had increased by 125.4 million and the amount transacted had raised by Rs 26,723.6 crores, but there was still growth on a per day basis.

3. The average amount per transaction grew to Rs 1,817 for April 2019 with a decrease in the amount transacted. It has been mostly flat since October 2018. The average amount per transaction has remained above the Rs 1,000 mark for the last 11 months.

4. The number of banks on UPI jumped to 144 in April 2019.

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ