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The Unified Payments Interface (UPI), operated by the National Payments Corporation of India (NPCI), reported a decline in transaction volume in September even as the transaction value inched up.
According to data from NPCI, UPI processed 19.63 billion transactions in September, compared with 20.01 billion in August. The total value of transactions rose marginally to Rs 24.90 lakh crore from Rs 24.85 lakh crore a month earlier.
The average daily transaction volume stood at 654 million, with a daily average value of Rs 82,991 crore.
On a year-on-year…
