Unified Payments Interface (UPI) transactions in December 2019 rose 6.78% month-on-month in terms of value to ₹2.16 lakh crore, even as the volumes dipped marginally by 0.26% to 1.3 billion. In September 2019, UPI became the most preferred digital payment mode after overtaking debit and credit cards. According to data from payments gateway Razorpay, for the entire year of 2019, the share of card payments was higher at 45.7%, while UPI, which became the preferred mode in the second half of the year, accounted for 37.7%. Meanwhile, net banking accounted for 11.4%.
For more videos, subscribe to our channel:
Check out the editorji Website for more news:
To Stay Updated, Download the editorji App:
Google Play Store:
Apple App Store:
Follow editorji here:
Facebook:
Twitter:
Instagram:
--------------------------------------------------------------------------------------------
0 Comments