Confusion over UPI charges? Here's what the finance ministry has to say
Confusion over UPI charges? Here's what the finance ministry has to say
In May, the Unified Payments Interface (UPI) processed 18.68 billion transactions, totaling a value of 25.14 lakh crore rupees. This marks an increase from April, which recorded 23.95 lakh crore rupees in UPI transactions. Additionally, the May figures reflect a year-on-year growth of 33 percent, compared to 14.03 billion transactions in the same month last year.
During May, the average daily transaction amount for UPI was 81,106 crore rupees, with an average daily transaction volume of 602 million transactions. UPI's success has firmly positioned India at the forefront of global real-time payments, capturing a 48.5 percent share by volume.Must Watch
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Time of India
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