MUMBAI: Average daily UPI volumes rose to 75.7 crore in June from 74.8 crore in May, up 1.2% month-on-month, while average daily value held steady at Rs 96,405 crore against Rs 96,465 crore, down 0.1%. According to National Payments Corporation of India, this stability in daily run rates came even as headline monthly numbers softened after a strong May.Monthly UPI volumes fell to 2,270 crore in June from 2,320 crore, a 2.1% decline, while value dropped to Rs 28.9 lakh crore from Rs 29.9 lakh crore, down 3.3%. Year-on-year, volumes grew 23% and value rose 20%, indicating continued expansion despite the sequential moderation. FASTag transactions also declined on a monthly basis. Volumes fell to 36.2 crore from 37.5 crore, a 3.5% drop, while value eased to Rs 7,215 crore from Rs 7,308 crore, down 1.3%. On a yearly basis, volumes contracted 6% but value increased 6%.IMPS recorded a similar month-on-month decline in aggregates. Volumes fell to 35.4 crore from 35.8 crore, down 1.1%, and value declined to Rs 6.8 lakh crore from Rs 7 lakh crore, a 2.7% drop. Year-on-year, volumes fell 21% while value increased 12%.
✍️ Vikrant Kharwar
Vikrant Kharwar is the Founder and Editor of News Us Media. He writes about trending news, sports, entertainment, technology, and viral stories. His goal is to make news simple, informative, and easy to understand for readers across the United States and around the world.
