Business

Daily UPI Transactions Hit 596 Million In April; NPCI Tightens Processing Timelines

The number of daily Unified Payments Interface (UPI) transactions in India rose to 596 million in April, up from 590 million in March, according to data released by the National Payments Corporation of India (NPCI) on Thursday.

The value of UPI transactions touched ₹24 lakh crore in April. This was slightly lower than ₹24.8 lakh crore recorded in March.

April marked the 12th straight month of transactions above ₹20 lakh crore.

The growth in UPI transactions remained strong at 34.5 per cent. Transaction volumes saw a year-on-year surge of 50.7 per cent, while the transaction value grew 21.9 per cent compared to April 2023.

FASTag payments also witnessed a rise. Daily volumes increased to 12.75 million from 12.2 million in March, reflecting rising economic activity.

FASTag transactions jumped by 17 per cent, higher than the 12 per cent growth seen in March. The total value rose to ₹227 crore, up from ₹219 crore in the previous month.

Immediate Payment Service (IMPS) daily volumes rose slightly to 14.98 million from 14.89 million in March. IMPS also functions under NPCI alongside UPI.

To improve user experience, NPCI has shortened response timelines for UPI services. In a circular dated 26 April, NPCI directed banks and payment apps to enforce faster processing from 16 June.

The move aims to reduce payment delays, verification time, and transaction reversals. NPCI urged banks to avoid increased technical failures while adopting quicker timelines.

For debit and credit (request pay and response pay), the new response time is 15 seconds, down from 30 seconds. For reversals, the time will reduce to 10 seconds from 30 seconds.

Address validation must also be completed in 10 seconds, down from 15 seconds.

Also Read: Adani Ports Posts Record Profit In FY25; Cites Strong Execution & Global Expansion

Ajaypal Choudhary

Recent Posts

Acharya Pramod Krishnam Highlights Spiritual Role Of Shri Kalki Dham In Sambhal

Acharya Pramod Krishnam has underlined the spiritual and cultural significance of the Kalki Dham being…

7 hours ago

Acharya Pramod: Rahul Gandhi Stands Against Nation; Praises PM Modi On Operation Sindoor

Acharya Pramod Krishnam said senior Congress leaders dislike Rahul Gandhi because he 'speaks against the…

8 hours ago

PM Modi To Inaugurate ‘Rising North East Investors Summit’ To Boost Regional Investment

PM Narendra Modi will inaugurate the ‘Rising North East Investors Summit’ on Friday at Bharat…

10 hours ago

Rail Connectivity & Facilities Expanding Rapidly Across India: Anupriya Patel At Karchana Station Inauguration

PM Modi virtually inaugurated 103 revamped railway stations under the Amrit Bharat Station Yojana, including…

10 hours ago

Indus Treaty Will Remain In Abeyance Until Pakistan Abjures Support For Cross-Border Terrorism: MEA

India ruled out third-party mediation with Pakistan and said the Indus Water Treaty will stay…

10 hours ago

India’s Domestic Air Traffic Rises 8.5% In April Despite Weather Disruptions

India’s domestic air traffic recorded a robust 8.45% year-on-year growth in April 2025, with passenger…

10 hours ago