UPI records first dip in transaction volume since April 2020
National Payments Corporation of India (NPCI) registered a decrease from 2.3 Bn in January to 2.29 Bn in February 2021
Value of UPI transactions fell by 1.4% from Rs 4.3 Lakh crore to Rs 4.25 Lakh crore
UPI transactions hit the 2 billion mark in October last year
However, the growth rate of transactions has been falling significantly after that
While UPI and IMPS fell, competitor FASTag grew 7% to 160 million this month
