Value of digital transactions rose marginally in May, RBI data shows

New Delhi: Digital transactions in May increased slightly from the previous month in terms of value, provisional data released on Tuesday by the Reserve Bank of India (RBI) showed.

The month saw total digital transactions worth Rs111.09 trillion, up 1.4% from Rs109.60 trillion in April, according to the data. The value is still the second highest after the peak recorded in March.

However, the number of digital transactions declined marginally to 851.1 million in May from 853.1 million in April. The highest volume was recorded in December at 957.5 million. Digital transactions include those conducted via credit and debit cards, unified payments interface (UPI), unstructured supplementary service data (USSD), prepaid payment instruments (PPIs), Internet banking and mobile banking.

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