UPI transactions drop in March, RTGS shoots up due to lockdown

Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India. UPI is built over the IMPS infrastructure and allows one to instantly transfer money to any bank account. According to the data, the volume of UPI transactions in March slipped to 124.68 crore from 132.57 crore in February.

from Banking/Finance-Industry-Economic Times https://ift.tt/2XSdVh2