Digital payments have picked up in May after a fall in April. This indicates the commencement of economic activity in the third and fourth phase lockdown. In the first and second phases of March-April, strict lockdown was implemented.
Transaction platforms like United Payment Interface (UPI) Intermediate Payment System (IMPS) National Electronic Toll Collection (NETCC) and Bharat Bill Payment System (BBPS) registered significant growth in May, according to data from the National Payments Corporation of India is. The value of the transaction is also indicating an increase. In the case of UPI, the transaction value was Rs 2.18 lakh crore, which is more than Rs 2.06 lakh crore in March. However, the number of transactions stood at 1.23 billion in May, as against 1.25 billion in March. The transactions from UPI in April were 0.99 billion and the transaction value was Rs 1.51 lakh crore. In this way, the value of transactions has increased by 45 percent in May and 24 percent in the number of transactions.
In the case of IMPS, transactions rose by 36 percent to 16.68 crore in May from 12.247 crore in April, while the value of transactions increased by 39 percent to Rs 1.69 lakh crore from Rs 1.22 lakh crore in April. The number of transactions in the month of March was 21.682 crore. The transaction limit under IMPS is up to 2 lakh rupees and the same is the case with UPI. Online bill payment system BBPS also saw a boom. The number of transactions increased by 30 percent to 1.654 crore in May, from 1.277 crore in April. The volume of transactions also increased by 60 percent to Rs 2,178.72 crore in May. The movement of vehicles has increased in May and this has led to a sharp increase in toll collection. Payments from Fastag increased by 400 per cent to the total number of transactions at 5.517 crore, while the value of transactions increased by 300 per cent to Rs 1,142 crore by value.
Jacqueline Fernandez: ED summons Jacqueline Fernandez again in the extortion case of 200 crores
Jacqueline Fernandez ED Enquiry: The Enforcement Directorate has summoned Bollywood actress Jacqueline Fernandez today for questioning in the case of bigoted Sukesh Chandrashekhar. Jacqueline has been
Aftab's polygraph test report today: Shraddha's murderer confessed during interrogation, no regrets; narco test on December 1
The final report of the polygraph test of the Shraddha murder case accused Aftab Amin Poonawalla is to come on Wednesday. During interrogation, Aftab confessed that he killed Shraddha. He has no
Congress will project two chief ministers in Punjab: Channi and Sidhu will be the CM face for two and a half years; Who will come first, the MLA will come after winning its decision.
The party can play a safe game amidst the ongoing tussle for the face of the CM in Punjab Congress. In this, Charanjit Channi and Punjab Congress Chief Navjot Singh Sidhu can be made the face of CM
Population: Emphasis on increasing the population of these countries, somewhere the reward of lakhs for giving birth to children, somewhere on government expenditure
The population of the world has crossed eight hundred crores. On average, three to four children are born every second. By the time you read this news completely, around 900 children would have been
SRH mistress disappointed with the defeat from Lucknow: Captaincy was snatched from Warner last season, now people said - call and say sorry to Kavya Maran
The start of the 2022 season has also not been special for SRH, who finished last in IPL 2021. The team has come last in the points table after losing both its opening matches.
Paytm Share Sink: Paytm's investors are in trouble, then 12 percent broken share price, know where the price reached
The condition of Paytm, the parent company of One97 Communication, an online payment service provider, is in shambles. Its investors are not taking the name of improving their days. After the listing
Story of Bharat Pe becoming a brand: Ashneer cleverly defeated Paytm and PhonePe, then how a 21 thousand crore company got into controversies
Ashneer Grover, who came into the limelight with his tough behavior and spot retaliation in the reality show Shark Tank, is once again in the news. The company in which Bharat Pe was till now
PMI Index: PMI was at the peak of eight months in July due to new orders, the effect of inflation reduced
The manufacturing sector activities in the country have seen a significant increase in July. The PMI index has reached the highest level in the last eight months. A weekly survey has revealed that
Out of 45 acres, 5 bighas have been set aside for corona, 75% of it has been filled, 300 have been buried by Shamim
new Delhi. 'Mohammad Shamim digs the graves of the people.' This sentence sounds very cruel, but this is the reality of Shamim's life. A reality that has been made even more brutal by the Corona
Atiq Ahmed: Whom Atiq was gesturing before his death, video viral
Mafia Atiq Ahmed, who ruled the world of Jarayam for more than four decades, not only got rich through the power of bullying but also left no stone unturned to make his relatives rich. Be it an