What explains the month-on-month dip in UPI transactions in April
India’s digital payments activity moderated in April after hitting all-time highs in March, with Unified Payments Interface (UPI) transactions registering a marginal month-on-month dip, largely due to year-end seasonality. Data from the National Payments Corporation of India showed UPI transaction value declined 1.7% to ₹29.03 trillion in April, compared with ₹29.53 trillion in March. Volumes … Read more
