UPI volumes ease after record May; value falls to ₹28.92 trillion

Volumes decline 2% from May's record high, though both value and transaction count remain sharply higher than a year ago

Unified Payments Interface (UPI) transactions fell 3 per cent in value to ₹28.92 trillion in June from ₹29.9 trillion in May, after hitting a record high in both volume and value the previous month. 

The decline was largely driven by a 2 per cent drop in transaction volume to 22.72 billion from 23.2 billion in May. Compared to June last year, transaction value rose 20 per cent while volume increased 23 per cent. Daily UPI transactions in June witnessed a marginal dip in value to ₹96,405 crore against ₹96,465 crore in May. Daily transaction volume, however, edged up to 757 million from 748 million.

 

 

Immediate Payment Service (IMPS) transactions declined by over 1 per cent to 354 million in June from 358 million in May. In value terms, transactions fell 3 per cent to ₹6.77 trillion from ₹6.96 trillion. Compared to June last year, transaction volume was down 21 per cent, while value rose 12 per cent. 

Under IMPS, daily transactions were up from 11.55 million in May to 11.58 million in June. Daily transaction value also rose to ₹22,551 crore from ₹22,442 crore.

 

FASTag transactions declined 3.5 per cent to 362 million in June from 375 million in May. Transaction value fell 1.3 per cent to ₹7,215 crore from ₹7,308 crore. Daily transaction volume eased to 12.06 million from 12.1 million, while daily transaction value increased marginally to ₹240 crore from ₹236 crore.

 

Aadhaar Enabled Payment System (AePS) transactions rose 10 per cent to 97 million in June from 88 million in May. Transaction value increased 3 per cent to ₹26,051 crore from ₹25,247 crore. Compared to June last year, transaction volume remained flat, while value declined 2 per cent. Daily AePS transaction volume jumped to 3.25 million in June from 2.85 million in May, lifting daily transaction value to ₹868 crore from ₹814 crore.