UPI transactions rebound in July after June dip

The Unified Payments Interface (UPI) posted an increase in both transaction volume and value in July, rebounding from a decline in June, according to data released Friday by the payment railroad’s operator, the National Payments Corporation of India (NPCI).

The platform processed 19.47 billion transactions in July, up from 18.40 billion the previous month. Transaction value rose to Rs 25.08 lakh crore from Rs 24.04 lakh crore in June.

On a year-on-year basis, transaction volume rose 35%, while value grew 22%. The average daily transaction volume…