wordpress blog stats
Connect with us

Hi, what are you looking for?

UPI Transaction Value Up By 2.1x To Rs 5.47 Lakh Crores In June 2021: NPCI Data

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 amount transacted went up by Rs 56,734 crores. In the previous month (May 2021), the volume of transactions had decreased by 100.4 million and the amount transacted declined by Rs 3,024 crores. 2. Average transactions per day: Around 93.6 million transactions were completed and ₹18,246 crores was transacted on an average per day in June. The average number of transactions per day in June 2021 was the highest till date. 3. Size of transaction: The average amount exchanged per transaction increased marginally over the previous month to ₹1,950. However, this is a slight YoY decline from ₹1,958 in June 2020. The average amount per transaction fell to its lowest in…

Please subscribe/login to read the full story.
Written By

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

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

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
Name:*
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