UPI Transactions Surge 13.5% in March, Hit Record Rs 24.77 Lakh Crore

UPI transactions saw a 13.59% increase in March, reaching 18.3 billion, up from 16.11 billion in February, according to data from the National Payments Corporation of India (NPCI).

The total transaction value hit a record Rs 24.77 lakh crore in March, a 12.79% increase from Rs 21.96 lakh crore in February.

On average, UPI processed over 590 million daily transactions, with a daily transaction value of Rs 79,910 crore.

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Compared to last year, UPI transactions grew 25% in value and 36% in volume, highlighting India's rapid shift to digital payments.

Daily transaction value rose 1.9% from February while volumes increased by 2.6%, reflecting growing trust in digital financial services.

Meanwhile, on Tuesday, some users faced issues with UPI transactions which NPCI linked to the financial year-end closing for FY25.

NPCI, set up by RBI and the Indian Banks' Association manages retail payment systems in India, including UPI, which enables real-time money transfers and merchant payments. 

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