Saturday, March 08, 2025 | 05:09 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Digital payments see good growth in Jul; UPI transactions up 11% to 1.49 bn

While there was a blip in the transactions in April due to the nation-wide lockdown, digital payment transactions soon recovered as the nation opened up

Representative Image
Premium

Experts have suggested that because of the virus, a lot of cash users are wary of using currency notes. Representative Image

Subrata Panda Mumbai
After recording the highest transactions ever in June since its inception, Unified Payments Interface (UPI) has touched a new high in July by recording an 11 per cent growth over the previous month. Transactions in July reached 1.49 billion compared to 1.34 billion in June and 1.23 billion in May, indicative of the fact that more and more people are embracing digital modes of payment over cash. In value terms, UPI recorded transactions worth Rs 2.9 trillion in July, up 11 per cent.

Experts have suggested that because of the virus, a lot of cash users are wary of using

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in