With the UPI clocking transactions worth over ₹10-lakh crore, digital payments continued to perform well in June. According to the data from the NPCI, UPI processed 586 crore transactions amounting to ₹10.14-lakh crore in June this year. This is marginally lower than 595 crore payments worth ₹10.41-lakh crore in May but remains above the 558 crore transactions totaling ₹9.83-lakh crore it processed in April this year.

On a YoY basis, the growth and adoption of UPI functioned well and have almost doubled since June 2021. Around 280.75 crore transactions amounting to ₹5.47-lakh crore took place through UPI in June last year. Daily, transaction value on UPI in June 2022 has ranged from ₹21,000 crores to as high as over ₹35,000 crores. More than 20 crore payments were processed daily via UPI in June. Transactions on the IMPS also performed well with 45.57 crore payments worth ₹4.43-lakh crore processed on the platform. This is marginally lower than May but in line with April trends. In May 2022, about 48.48 crore transactions totaling ₹4.52-lakh crore took place through IMPS while in April, 47.16 crore transactions of ₹4.44-lakh crore were processed on the platform. In comparison, in June 2021, IMPS processed 30.37 crore transactions valued at ₹ 2.84-lakh crore.

Meanwhile, over 27.79 crore transactions of ₹4,302.67 crores were done through NETC FASTags in June this year, as against 28.53 crore transactions worth ₹4,369.36 crores in May. Transactions via AEPS saw a constant increase in June. It reported 12.08 crore payments amounting to ₹32,421.58 crores in June 2022 as compared to 10.92 crore transactions of ₹30,458.75 crores in May.