UPI registers 2.29 billion transactions worth Rs 4.25 trillion in Feb

This is up 73% by volume and 90% by value YoY; FASTag touches all-time high by both volume and value

Unified Payment Interface (UPI), the flagship payments platform of the National Payments Corporation of India (NPCI), recorded 2.29 billion transactions worth Rs 4.25 trillion in February. Sequentially, the transactions dipped 0.42 per cent by volume and 1.39 per cent by value over January because of the fewer number of days in February.
 

However, year-on-year, the transactions were up 73 per cent by volume and more than 90 per cent by value. Immediate Payments Service (IMPS), recorded a contraction in both volume and value of transactions in the past two months. In February, it clocked 318.79 million transactions worth Rs 2.75