Unified Payment Interface (UPI) Transactions Decline Slightly in April

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.

Immediate Payment Service (IMPS) Transactions

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

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.

Aadhaar Enabled Payment System (AePS) Transactions

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.

piyush

Recent Posts

Top-10 Tourist Places in Haryana to Visit in 2024

Haryana, nestled in the heart of northern India, is a land of cultural richness and…

16 hours ago

Top-10 Barley Producing States in India 2024

In India, agriculture serves as the backbone of the economy, employing millions and contributing significantly…

17 hours ago

States and Capitals of India, List of 28 States and 8 UT’s 2024

State and Capitals of India India is a vast country in South Asia, the 7th…

18 hours ago

Which State of United States is Known as “The First State”?

In the grand tapestry of American history, certain states stand out for their unique contributions…

19 hours ago

Ruskin Bond Awarded Prestigious Sahitya Akademi Fellowship

In a momentous occasion, the eminent author Ruskin Bond has been bestowed with the Sahitya…

20 hours ago

Top-10 Corn Producing Countries in the World 2024

Corn, also known as maize, is one of the world's most vital cereal crops, serving…

20 hours ago