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UPI sees 7% growth in volume and value

Jan 2, 2020 by The Passage Team
UPI sees 7% growth in volume and value

After crossing 1 Bn transactions in late September, the number of unified payments interface (UPI) transactions ended 2019 with 1.31 Bn transactions in December 2019. This was 7.37% M-o-M growth from 1.22 Bn transactions recorded in November 2019.

The National Payments Corporation of India’s (NPCI) data showed that the value of UPI transactions for December was INR 2.02 Lakh Cr, a 7.07% M-o-M growth against INR 1.89 Lakh Cr in November 2019.

The drop in the total value of transactions in November was seen as a temporary stabilisation, and the growth in December has only highlighted that.

Source: Inc42

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