Unified Payments Interface (UPI) transactions declined in volume as well as value terms in April 2023 after peaking in the previous month.

• Transaction volumes declined 7.96 per cent month-on-month (m-o-m) in April 2023 to 796.29 crore against 865.16 crore in March 2023, per the National Payments Corporation of India’s “UPI Monthly Product Statistics”. 
• Transaction value declined 9.51 per cent m-o-m in April 2023 to Rs. 12.71 lakh crore against Rs. 14.04 lakh crore in March 2023.