UPI Breaks Record with 14.04 Billion Transactions in May, Sees 49% Year-on-Year Growth
In April 2024, Unified Payment Interface (UPI) transactions witnessed a marginal dip of 1% in volume and 0.7% in value compared to March. Despite this, year-on-year growth remains robust, with a 50% increase in volume and 40% in value. The dip in April is attributed to the typically higher transaction volumes in March.
IMPS transactions saw a decline of 7% in value and 5% in volume in April compared to March. However, there was an 11% increase in volume and 14% increase in value year-on-year.
FASTag transactions decreased by 3% in volume and 6% in value in April. Despite this, there was an 8% increase in volume and 9% increase in value compared to April 2023.
AePS transactions experienced a decline of 13% in volume and 10% in value in April compared to March. Year-on-year, there was a decrease of 7% in volume and 15% in value compared to April 2023.
The Malayalam film industry lost a giant with the passing of Shaji N Karun, one…
In a move aimed at improving accessibility to frequently used currency denominations, the Reserve Bank…
In 2024-25, the global military expenditure saw a remarkable rise, with nations allocating significant portions…
In a recent move to uphold regulatory discipline in the financial sector, the Reserve Bank…
Urbanization along riverbanks has historically enabled human settlements to flourish. However, rapid and unplanned urbanization…
India has once again affirmed its global leadership in yogic sports with a historic performance…
![](data:image/svg+xml;charset=utf-8,<svg height="300px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
