The month of June recorded an increase of 267.9 million in the number of transactions and saw the highest number of average transactions in a day. The transaction value on the Unified Payments Interface (UPI) stood at Rs 5.47 lakh crores in June 2021, up by 2.1x compared to the same month in the previous year. Overall, transaction volumes increased by 2 times over the last year to 2.81 billion in June. While UPI payment volumes grew by 10.6% in June 2021 over the previous month, the UPI transaction value went up by 11.6% compared to May. This steep increase comes after a drastic slump in both metrics in April, given several state-imposed lockdowns due to the second wave of the COVID-19 pandemic. Key observations 1. Increase over May: The number of transactions increased by 267.9 million in June, whereas the total…
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