{"id":2350,"date":"2024-06-13T23:48:38","date_gmt":"2024-06-13T23:48:38","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=2350"},"modified":"2024-06-13T23:48:38","modified_gmt":"2024-06-13T23:48:38","slug":"unified-payment-interface-upi-transactionsinindia-soared-to-unprecedented-levels-in-may-2023-with-a-totaltransaction-value-of-rs-14-3-trillion-and-a-volume-of-9-41-billion-thisrepresents-a-2-in","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/unified-payment-interface-upi-transactionsinindia-soared-to-unprecedented-levels-in-may-2023-with-a-totaltransaction-value-of-rs-14-3-trillion-and-a-volume-of-9-41-billion-thisrepresents-a-2-in\/","title":{"rendered":"Unified Payment Interface (UPI) transactionsin\nIndia soared to unprecedented levels in May 2023, with a total\ntransaction value of Rs 14.3 trillion and a volume of 9.41 billion. This\nrepresents a 2% increase in value and a 6% increase in volume compared\nto the previous month of April. The surge in UPI transactions comes at a\ntime when the Indian government is actively promoting digital payments\nand aims to bring various tax collections under the digital payment\necosystem."},"content":{"rendered":"<p>In May, UPI transactions experienced remarkable <a href=\"https:\/\/exam.pscnotes.com\/growth\">Growth<\/a>, with a value of Rs 14.3 trillion and a volume of 9.41 billion. The transaction volume witnessed a staggering 58% increase compared to the same period in the previous financial year, while the transaction value rose by an impressive 37%. These numbers highlight the growing acceptance and adoption of UPI as a preferred mode of payment in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In May, UPI transactions experienced remarkable Growth, with a value of Rs 14.3 trillion and a volume of 9.41 billion. The transaction volume witnessed a staggering 58% increase compared to the same period in the previous financial year, while the transaction value rose by an impressive 37%. These numbers highlight the growing acceptance and adoption &#8230; <a title=\"Unified Payment Interface (UPI) transactionsin\nIndia soared to unprecedented levels in May 2023, with a total\ntransaction value of Rs 14.3 trillion and a volume of 9.41 billion. This\nrepresents a 2% increase in value and a 6% increase in volume compared\nto the previous month of April. The surge in UPI transactions comes at a\ntime when the Indian government is actively promoting digital payments\nand aims to bring various tax collections under the digital payment\necosystem.\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/unified-payment-interface-upi-transactionsinindia-soared-to-unprecedented-levels-in-may-2023-with-a-totaltransaction-value-of-rs-14-3-trillion-and-a-volume-of-9-41-billion-thisrepresents-a-2-in\/\" aria-label=\"Read more about Unified Payment Interface (UPI) transactionsin\nIndia soared to unprecedented levels in May 2023, with a total\ntransaction value of Rs 14.3 trillion and a volume of 9.41 billion. This\nrepresents a 2% increase in value and a 6% increase in volume compared\nto the previous month of April. The surge in UPI transactions comes at a\ntime when the Indian government is actively promoting digital payments\nand aims to bring various tax collections under the digital payment\necosystem.\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[621],"class_list":["post-2350","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-02-06-23"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Unified Payment Interface (UPI) transactionsin India soared to unprecedented levels in May 2023, with a total transaction value of Rs 14.3 trillion and a volume of 9.41 billion. This represents a 2% increase in value and a 6% increase in volume compared to the previous month of April. The surge in UPI transactions comes at a time when the Indian government is actively promoting digital payments and aims to bring various tax collections under the digital payment ecosystem. - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/unified-payment-interface-upi-transactionsinindia-soared-to-unprecedented-levels-in-may-2023-with-a-totaltransaction-value-of-rs-14-3-trillion-and-a-volume-of-9-41-billion-thisrepresents-a-2-in\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unified Payment Interface (UPI) transactionsin India soared to unprecedented levels in May 2023, with a total transaction value of Rs 14.3 trillion and a volume of 9.41 billion. This represents a 2% increase in value and a 6% increase in volume compared to the previous month of April. The surge in UPI transactions comes at a time when the Indian government is actively promoting digital payments and aims to bring various tax collections under the digital payment ecosystem.\" \/>\n<meta property=\"og:description\" content=\"In May, UPI transactions experienced remarkable Growth, with a value of Rs 14.3 trillion and a volume of 9.41 billion. The transaction volume witnessed a staggering 58% increase compared to the same period in the previous financial year, while the transaction value rose by an impressive 37%. These numbers highlight the growing acceptance and adoption ... 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This represents a 2% increase in value and a 6% increase in volume compared to the previous month of April. The surge in UPI transactions comes at a time when the Indian government is actively promoting digital payments and aims to bring various tax collections under the digital payment ecosystem. - Current Affairs Exam","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/unified-payment-interface-upi-transactionsinindia-soared-to-unprecedented-levels-in-may-2023-with-a-totaltransaction-value-of-rs-14-3-trillion-and-a-volume-of-9-41-billion-thisrepresents-a-2-in\/","og_locale":"en_US","og_type":"article","og_title":"Unified Payment Interface (UPI) transactionsin India soared to unprecedented levels in May 2023, with a total transaction value of Rs 14.3 trillion and a volume of 9.41 billion. This represents a 2% increase in value and a 6% increase in volume compared to the previous month of April. The surge in UPI transactions comes at a time when the Indian government is actively promoting digital payments and aims to bring various tax collections under the digital payment ecosystem.","og_description":"In May, UPI transactions experienced remarkable Growth, with a value of Rs 14.3 trillion and a volume of 9.41 billion. The transaction volume witnessed a staggering 58% increase compared to the same period in the previous financial year, while the transaction value rose by an impressive 37%. These numbers highlight the growing acceptance and adoption ... Read more","og_url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/unified-payment-interface-upi-transactionsinindia-soared-to-unprecedented-levels-in-may-2023-with-a-totaltransaction-value-of-rs-14-3-trillion-and-a-volume-of-9-41-billion-thisrepresents-a-2-in\/","og_site_name":"Current Affairs Exam","article_published_time":"2024-06-13T23:48:38+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/unified-payment-interface-upi-transactionsinindia-soared-to-unprecedented-levels-in-may-2023-with-a-totaltransaction-value-of-rs-14-3-trillion-and-a-volume-of-9-41-billion-thisrepresents-a-2-in\/","url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/unified-payment-interface-upi-transactionsinindia-soared-to-unprecedented-levels-in-may-2023-with-a-totaltransaction-value-of-rs-14-3-trillion-and-a-volume-of-9-41-billion-thisrepresents-a-2-in\/","name":"Unified Payment Interface (UPI) transactionsin India soared to unprecedented levels in May 2023, with a total transaction value of Rs 14.3 trillion and a volume of 9.41 billion. 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