Maharashtra, TN, Karnataka Top Indian States in UPI Transactions

It is now well established that the UPI (Unified Payment Interface), which started in 2016, was the main driver behind India’s digital economy. And with each passing day, the numbers he presents are impressive.

In the first quarter of 2022, UPI recorded over 14.55 billion transactions in volume and Rs 26.19 lakh crore in terms of value. Its transaction volume and value has nearly doubled since last year, recording around 99% increase in volume and over 90% increase in value compared to Q1 2021.

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