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The value of UPI transactions rose 19% month-on-month to Rs 5.05 lakh cr

The value of UPI transactions rose 19% month-on-month to Rs 5.05 lakh cr

The volume is equivalent to 2.73 bn, says the National Payments Corporation of India

The QR-based acceptance points that emerged across India last year have contributed to the surge

It has become the most popular transaction method for cashless payments

In the growing years, UPI relied more on peer-to-peer (P2P) payments

Peer-to-merchant (P2M) payments accounted for only 20-30 per cent

However, now, the value of P2M transactions surpasses other digital payment modes

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