Friday, 24 March, 2023
India witness 9.36B transactions amounting to Rs 10.25T in Q1 of FY22
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<p>India had 9.36B transactions totaling Rs. 10.25T in the first quarter using a variety of payment methods, with UPI taking the lead. With a market share of 64 % in volume and 50 % in value, UPI P2M transactions have emerged as customers' favourite payment method. UPI had over 14.55 B transactions in volume and over Rs 26.19 trillion in value in Q1 2022. Both of these metrics have nearly increased since the previous year.</p>
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