UPI records its second-highest value of transactions in May
Image Credit: shortpedia
After a sharp fall in transactions in April, Unified Payments Interface or UPI has regained its previous momentum and posted 1.23 billion transactions in May, according to the data provided by National Payments Corporation of India (NPCI). UPI has registered 1.23 billion transactions amounting to Rs 2,18,392 crore in May. In comparison to April, this is 24.4% surge in volume and 44.5% rise in value of transactions.