wordpress blog stats
Connect with us

Hi, what are you looking for?

UPI transactions declined 20% in April

The coronavirus crisis and lockdown led to UPI payments volume declining sharply by 19.8% in April 2020 over the previous month, and slumping to just below 1 billion transactions in April. This was per data published by the National Payments Corporation of India (NPCI). The total amount transacted via UPI reduced by 26.8% to Rs 151,140.7 crore.

NPCI is a private body owned by public sector and private banks in India, it owns and operates important payments systems such as UPI and IMPS.

Some observations

1. The number of transactions and amount transacted declined sharply in April 2020. As a result, transactions per day decreased for the second consecutive time to 33.3 million per day from 40.2 million in the previous month.

2. The number of transactions declined by 247.3 million in March, and the total amount transacted also went down by Rs 55,321.7 crores. In the previous month (March 2020), the number of transactions decreased by 76.4 million and the amount transacted went down by Rs 15,333 crores.

3. The average amount per transaction decreased by 9%, to Rs 1,512 for April 2020, though it has remained largely flat since November 2019, and has remained above Rs 1,500 since a year now (since April 2019).

4. A total of 153 banks were operational on in April 2020.

Written By

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



The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like


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...


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...

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