There were 384.89 million mobile wallet transactions worth ₹15,990 crore in March, compared to 799.54 million UPI transactions worth ₹1.33 trillion during the same month. In April, 781.79 million transactions worth ₹1.42 trillion were made through UPI. UPI transactions have surged over four times in the last one year. UPI has been a driver of digital payments, which also comprise payments through debit and credit cards, e-wallets and e-payments. How is the banking regulator giving UPI and e-payments a push?

Source: Mint May 20, 2019 17:03 UTC