UPI hits a record high transactions of Rs 9.83 trillion in April.

UPI saw its highest ever number of transactions of 5.58 billion in April 2022, worth Rs 9.83 trillion.

On a month-on-month basis, UPI recorded a 3.33% increase in transaction volume and a 2.36% increase in transaction value.

On a YoY basis, the volume of transactions increased by 111% and the value of transactions also increased by almost 100%.

UPI handled 2.64 billion transactions worth Rs 4.93 trillion in April 2021.

In FY22, UPI processed more than 46 billion transactions, amounting to more than Rs 84.17 trillion, thus exceeding the $ 1 trillion mark.

NPCI is targeting 1 billion UPI transactions per day in the next 2-3 years.

NPCI is targeting 1 billion UPI transactions per day in the next 2-3 years.