Based on the data from the NPCI, compared to the same month last financial year, transaction volume increased by 59% and value by 45%
Chennai, NFAPost: Transactions under the Unified Payment Interface (UPI) have seen a marginal dip of 1% to Rs 14.75 trillion in June compared to Rs 14.89 trillion in May this year. In terms of volume too, there was a dip in transactions from 9.41 billion in May to 9.33 billion in June.
Based on the data from the National Payments Corporation of India, compared to the same month last financial year, transaction volume increased by 59% and value by 45 per cent. In June 2022, NPCI processed 5.86 billion transactions worth Rs 10.14 trillion. In April 2023, the numbers stood at 8.89 billion with a value of Rs 14.07 trillion.
Based on the data shared by NPCI, the Immediate Payment Service (IMPS) transactions were seen at 468.1 million in volume, with a value of Rs 5 trillion in June. In May, it was Rs 5.26 trillion in terms of value and 500 million in volume. In April 2023, it was Rs 5.21 trillion and 496 million respectively. The June 2023, the figures saw a 3 per cent growth in volume and 13% in value on IMPS, compared to June 2022.
In the case of FASTag transactions, the month saw a 6% dip in volume from 335 million in May to 316 million in June. In terms of value, this decreased was by 4% from Rs 5,437 crore in May to Rs 5,196 crore in June. This segment saw a 14% volume growth and a 21% value growth compared to that in April 2022. In March 2023, these numbers were 305 million transactions with a value of Rs 5,149 crore.
During the month under review, Aadhaar Enabled Payment System (AePS) saw a 4% dip from 99.6 million in May to 96 million in June. In value, this was seen at Rs 26,526 crore, down 5% compared to Rs 28,037 crore in May 2023. It was Rs 29,649 crore in April with 102 million transactions. On a year-on-year basis too, the AePS numbers were down by 21% in volume and 18% in value.
