Unified Payments Interface (UPI)-based transactions decline in March, clocking 1.25 billion transactions, National Payments Corp.
of India (NPCI) data showed on Wednesday. Such transactions were worth ₹2.06 trillion. According to the NPCI data, transaction volumes witnessed 6% decline in March compared with February, which recorded a high of 1.33 billion transactions worth Rs2.22 trillion.
A decline in the volume and value of transactions comes amid a 21-day nationwide lockdown in the country, beginning March 25, along with a ban of all forms of transportation, barring movement of essential goods.
The lockdown is an attempt to break the chain of transmission of the coronavirus disease that has affected more than 1,600 individuals in the
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