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UPI rebounds from November dip, ends December with new high of 21.6 billion transactions worth Rs 28 lakh crore
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The Unified Payments Interface (UPI), operated by the National Payments Corporation of India (NPCI), scaled fresh highs in December in both transaction volumes and value, rebounding after a dip in the previous month.
According to data shared by NPCI, UPI processed 21.63 billion transactions in December, up from 20.47 billion in November. The value of transactions rose nearly 6% month on month to Rs 27.97 lakh crore, compared with Rs 26.32 lakh crore in November.
The surge in digital payments in December was largely driven by higher consumer spending…
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