Tech
UPI sees marginal dip in June transactions, value down 4%
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The Unified Payments Interface (UPI), operated by the National Payments Corporation of India (NPCI), witnessed a slight decline in both transaction volume and value in June.
The platform processed 18.40 billion transactions during the month, down from 18.68 billion in May.
The transaction value also dipped to Rs 24.04 lakh crore from Rs 25.14 lakh crore the previous month, according to data released by NPCI on July 1.
This comes after a 4.4% rise in UPI volumes in May, following a decline in April.
Despite the monthly dip, UPI transactions in June were…
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