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Unified Payments Interface (UPI), the real-time payment system operated by the National Payments Corporation of India (NPCI), processed 18.68 billion transactions in May, recovering from a dip in April.
In April, UPI had processed 17.89 billion transactions, down from 18.3 billion in March, amid multiple outages that disrupted payment services. By value, transactions via UPI totalled Rs 25.14 lakh crore in May, up from Rs 23.95 lakh crore in April, according to data released by NPCI on June 1.
The May figures also mark a 33% year-on-year jump in…
