India, April 1 -- Unified Payment Interface (UPI) transactions jumped 13.6% in March to 18.30 Bn from 16.11 Bn in the preceding month, recording a new all-time high. On a year-on-year (YoY) basis, the transaction count surged 36% in March.

This surge comes a month after the transaction count fell 5% to 16.11 Bn in February, breaking a streak of all-time high transactions recorded in the previous two consecutive months.

As per data by the National Payments Corporation Of India (NPCI), this transaction count of 18.30 Bn accounted for a total amount of INR 24.77 Lakh Cr in March, a 12.8% month-on-month (MoM) surge as recorded against transactions worth 21.96 Lakh Cr in the previous month.

The average daily transaction count rose to 590 Mn...