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Consumers Show Faith In UPI, Transactions Surge By 56%, Modest Growth Of 6% In Card Transactions

Consumers Show Faith In UPI, Transactions Surge By 56%, Modest Growth Of 6% In Card Transactions
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Ramesh narasimhanChief executive officer india

UPI Transactions Volume Surge 56 Pc, Average Ticket Size Drops 8 Pc — Report

UPI Transactions Volume Surge 56 Pc, Average Ticket Size Drops 8 Pc — Report
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Ramesh narasimhanUnified payments interfaceGoogle payChief executive officer india

UPI transactions volume surge 56%, average ticket size drops 8%: Report

The number of Unified Payments Interface (UPI) transactions witnessed a staggering growth at 56 per cent (year-on-year) in the second half of last year (H2 2023), with the volume being at 65.77 billion from 42.09 billion in H2 2022, a new report showed on Wednesday.

Ramesh narasimhanUnified payments interfaceGoogle payChief executive officer india

UPI transactions volume surge 56 pc, average ticket size drops 8 pc: Report

The value of transactions in the same period surged by 44 per cent from Rs 69.36 trillion to Rs 99.68 trillion, according to the report by global payment services leader Worldline.

Ramesh narasimhanUnified payments interfaceGoogle payChief executive officer india

Consumers show faith in UPI, transactions surge by 56%, modest growth of 6% in card transactions

Consumers show faith in UPI, transactions surge by 56%, modest growth of 6% in card transactions
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Ramesh narasimhanChief executive officerToll collection