India moving towards more and more of digital transactions has reported BHIM UPI April data. This year in April BHIM UPI fell to Rs 4.94 lakh crore as per the NPCI reports showed on Saturday.
The total number of transactions stood at 2.64 billion during the month, down by 3.3 percent from 2.73 billion in March. UPI had recorded 273 crore transactions which amount to Rs 5,04,886 crore in March. While the total transactions fell down in April, the daily transaction volume for UPI remained the same. The online payment transaction apps PhonePe, Google Pay, and Paytm control the maximum market share. As the data released PhonePe saw 1,199.51 million transactions in March followed by Google Pay’s 957.01 million, controlling 44% and 35% market share respectively.
The National Payments Corporation of India is an umbrella body of all retail payments systems in the country.