The volume of Unified Payment Interface within the retail electronic clearing in India for the fiscal year 2022 was approximately 46 billion. Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the Peer to Peer collect request which can be scheduled and paid as per requirement and convenience.
Volume of retail electronic clearing in India from financial year 2014 to 2022, by type
(in millions)
Characteristic
ECS DR
ECS CR (Includes NECS)
EFT/NEFT
Immediate Payment Service
Unified Payment Interface
National Automated Clearing House
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Reserve Bank of India. (September 15, 2022). Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/
Reserve Bank of India. "Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions)." Chart. September 15, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/
Reserve Bank of India. (2022). Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/
Reserve Bank of India. "Volume of Retail Electronic Clearing in India from Financial Year 2014 to 2022, by Type (in Millions)." Statista, Statista Inc., 15 Sep 2022, https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/
Reserve Bank of India, Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions) Statista, https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/ (last visited July 22, 2024)
Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions) [Graph], Reserve Bank of India, September 15, 2022. [Online]. Available: https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/