<p>Along with social distancing and sanitising surfaces at every opportunity, contactless payment has become the norm during the <a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">coronavirus</a> pandemic.</p>.<p>Data released by the National Payments Corporation of India (<a data-saferedirecturl="https://www.google.com/url?q=https://www.npci.org.in/product-statistics/upi-product-statistics&source=gmail&ust=1596427563751000&usg=AFQjCNG2KUToc1sAQCH97f2cbtLAo9W-rA" href="https://www.npci.org.in/product-statistics/upi-product-statistics" target="_blank">NCPI</a>) show that Unified Payment Interface (UPI) payments recorded 1.5 billion transactions in July, the highest so far.</p>.<p>Transactions on UPI were around Rs 2.22 lakh crore in February. However, during the national lockdown the net worth of these transactions dipped to Rs 1.51 lakh crore in April.</p>.<p>Transaction volumes in March and April were down nearly 23 percent, compared to the pre-Covid months of January and February.</p>.<p><strong><a href="https://www.deccanherald.com/national/coronavirus-news-live-updates-kerala-andhra-karnataka-report-highest-spike-in-covid-19-cases-indias-tally-tops-1274l-864013.html" target="_blank">For latest updates and live news on coronavirus, click here</a></strong></p>.<p>Data released yesterday showed that the transactions shot up as restrictions and movement of goods eased boosting the highest the e-payment volumes amounting to Rs 2.90 lakh crore.</p>.<p>The number of transactions also jumped from over 999 million in April to 1,497 million in July.</p>.<p>The number of banks that are using the platform have increased from 146 in February to 164 in July.</p>.<p>This increasing adoption of digital payment methods during the pandemic has been seen as a sign of a pandemic-induced payment behaviour change among customers, experts <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/upi-clocks-its-highest-monthly-volume-with-1-5-billion-transactions-in-july/articleshow/77304913.cms?from=mdr" target="_blank">told</a> <em>The Economic Times</em>.</p>.<p><strong>READ: <a href="https://www.deccanherald.com/business/technology/upi-payments-hit-all-time-high-of-134-billion-transactions-in-june-856088.html" target="_blank">UPI payments hit all-time high of 1.34 billion transactions in June</a></strong></p>.<p>The government, NCPI and the Reserve Bank of India have been campaigning aggressively for Indians to adopt contactless payment options using UPI.</p>
<p>Along with social distancing and sanitising surfaces at every opportunity, contactless payment has become the norm during the <a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">coronavirus</a> pandemic.</p>.<p>Data released by the National Payments Corporation of India (<a data-saferedirecturl="https://www.google.com/url?q=https://www.npci.org.in/product-statistics/upi-product-statistics&source=gmail&ust=1596427563751000&usg=AFQjCNG2KUToc1sAQCH97f2cbtLAo9W-rA" href="https://www.npci.org.in/product-statistics/upi-product-statistics" target="_blank">NCPI</a>) show that Unified Payment Interface (UPI) payments recorded 1.5 billion transactions in July, the highest so far.</p>.<p>Transactions on UPI were around Rs 2.22 lakh crore in February. However, during the national lockdown the net worth of these transactions dipped to Rs 1.51 lakh crore in April.</p>.<p>Transaction volumes in March and April were down nearly 23 percent, compared to the pre-Covid months of January and February.</p>.<p><strong><a href="https://www.deccanherald.com/national/coronavirus-news-live-updates-kerala-andhra-karnataka-report-highest-spike-in-covid-19-cases-indias-tally-tops-1274l-864013.html" target="_blank">For latest updates and live news on coronavirus, click here</a></strong></p>.<p>Data released yesterday showed that the transactions shot up as restrictions and movement of goods eased boosting the highest the e-payment volumes amounting to Rs 2.90 lakh crore.</p>.<p>The number of transactions also jumped from over 999 million in April to 1,497 million in July.</p>.<p>The number of banks that are using the platform have increased from 146 in February to 164 in July.</p>.<p>This increasing adoption of digital payment methods during the pandemic has been seen as a sign of a pandemic-induced payment behaviour change among customers, experts <a href="https://economictimes.indiatimes.com/industry/banking/finance/banking/upi-clocks-its-highest-monthly-volume-with-1-5-billion-transactions-in-july/articleshow/77304913.cms?from=mdr" target="_blank">told</a> <em>The Economic Times</em>.</p>.<p><strong>READ: <a href="https://www.deccanherald.com/business/technology/upi-payments-hit-all-time-high-of-134-billion-transactions-in-june-856088.html" target="_blank">UPI payments hit all-time high of 1.34 billion transactions in June</a></strong></p>.<p>The government, NCPI and the Reserve Bank of India have been campaigning aggressively for Indians to adopt contactless payment options using UPI.</p>