In financial year 2019, the share of real time gross settlement payment systems in India was the highest in terms of value, with over 77 percent of the transactions done through this system. Other payment systems like NEFT and paper clearing came second to RTGS in terms of the value of payment transactions.
Share of payment systems across India in Financial year 2019, by value
Note: RTGS denotes real time gross settlement systems; paper clearing denotes all the paper-based payment systems such as checks and cash; NEFT denotes the national electronic funds transfer system maintained by the Reserve Bank of India; UPI denotes unified payments interface; NACH denotes the national automated clearing house to help bulk and repetitive transactions through banks; IMPS denotes immediate payment services as instant inter-bank transfers.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Reserve Bank of India. (May 17, 2019). Share of payment systems across India in Financial year 2019, by value [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1028228/india-payment-systems-share-by-value/
Reserve Bank of India. "Share of payment systems across India in Financial year 2019, by value." Chart. May 17, 2019. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1028228/india-payment-systems-share-by-value/
Reserve Bank of India. (2019). Share of payment systems across India in Financial year 2019, by value. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1028228/india-payment-systems-share-by-value/
Reserve Bank of India. "Share of Payment Systems across India in Financial Year 2019, by Value." Statista, Statista Inc., 17 May 2019, https://www.statista.com/statistics/1028228/india-payment-systems-share-by-value/
Reserve Bank of India, Share of payment systems across India in Financial year 2019, by value Statista, https://www.statista.com/statistics/1028228/india-payment-systems-share-by-value/ (last visited December 21, 2024)
Share of payment systems across India in Financial year 2019, by value [Graph], Reserve Bank of India, May 17, 2019. [Online]. Available: https://www.statista.com/statistics/1028228/india-payment-systems-share-by-value/
