UPI volume, value post strong growth during Diwali as festive spending lights up digital payments

UPI volume, value post strong growth during Diwali as festive spending lights up digital payments



Bengaluru: Festive spending drove a sharp increase in digital payments during the Diwali weekend, with transactions on the Unified Payments Interface rising 28% year-on-year to 3.75 billion over four days, according to data released by the National Payments Corporation of India (NPCI). Transaction value during the November 5-8 period increased 38% to Rs 4.99 lakh crore.During the corresponding four days last year — from October 17 to 20 — UPI



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