Digital Payment volumes on most NPCI channels report record decline in April

Popular and fast growing digital payment channels such as UPI, IMPS, BBPS and NETC all reported record plunge in monthly volumes in a month where the entire country remained in lockdown owing to coronavirus. AePS bucks the trend and doubles volume on the back of increased DBT transfers and balance enquiries by beneficiaries of COVID relief schemes.

from Banking/Finance-Industry-Economic Times https://ift.tt/3fcsgev