Volume of retail electronic clearing in India FY 2014-2022, by type

Published by Sandhya Keelery, Aug 30, 2024
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)

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Release date

September 2022

Region

India

Survey time period

FY 2014 to FY 2022

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

Values have been rounded.

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