MUMBAI: Digital payment volumes in India dipped in April even as the momentum remained steady. UPI processed 1,789 crore transactions during the month, down from 1,830 crore in March. The dip comes as the system contended with brief service outages. Despite these disruptions, average daily volumes hit a record 59.6 crore, up from 59 crore the previous month.
In value terms, UPI payments totalled nearly Rs 24 lakh crore in April, compared to Rs 24.8 lakh crore in March. Year-on-year, transaction count rose 34% while value increased by 22%, underlining the system’s continued expansion.
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