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UPI transactions see recovery in May as lockdown norms ease

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Total number of UPI transactions in May are close to 1.23 billion BENGALURU : Unified Payments Interface (UPI) payments in the country witnessed a recovery in May, with the total number transactions touching close to 1.23 billion, according to data released by the National Payments Corporation of India (NPCI).

The lockdowns due to covid-19, starting 25 March, severely impacted the digital payments industry. As a result, total UPI transaction volumes declined in March and April, and stood at 990 million in April.

The total value transacted on the UPI network also witnessed recovery with a total of ₹2.18 lakh crore being transacted through the payments infrastructure in May.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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