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
