In June 2023, the Axis Bank Ltd. acted as the remitter bank for over 422 million UPI-transactions in India. The bank recorded its peak of UPI-transactions in May 2023, with over 427 million.
Unified Payments Interface (UPI) is a product of the National Payments Corporation of India (NPCI) and was launched in 2016. It allows users of payment service providers like PhonePe or GooglePay to use NPCI as switch to connect with banks and transfer money. It is more user-friendly than older transaction modes such as IMPS.
Total volume of UPI- transactions from Axis Bank Limited in India from January 2020 to June 2023
(in millions)
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.
NPCI. (August 3, 2023). Total volume of UPI- transactions from Axis Bank Limited in India from January 2020 to June 2023 (in millions) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1226044/india-total-upi-transaction-volume-from-axis-bank-limited/
NPCI. "Total volume of UPI- transactions from Axis Bank Limited in India from January 2020 to June 2023 (in millions)." Chart. August 3, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1226044/india-total-upi-transaction-volume-from-axis-bank-limited/
NPCI. (2023). Total volume of UPI- transactions from Axis Bank Limited in India from January 2020 to June 2023 (in millions). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1226044/india-total-upi-transaction-volume-from-axis-bank-limited/
NPCI. "Total Volume of Upi- Transactions from Axis Bank Limited in India from January 2020 to June 2023 (in Millions)." Statista, Statista Inc., 3 Aug 2023, https://www.statista.com/statistics/1226044/india-total-upi-transaction-volume-from-axis-bank-limited/
NPCI, Total volume of UPI- transactions from Axis Bank Limited in India from January 2020 to June 2023 (in millions) Statista, https://www.statista.com/statistics/1226044/india-total-upi-transaction-volume-from-axis-bank-limited/ (last visited December 30, 2024)
Total volume of UPI- transactions from Axis Bank Limited in India from January 2020 to June 2023 (in millions) [Graph], NPCI, August 3, 2023. [Online]. Available: https://www.statista.com/statistics/1226044/india-total-upi-transaction-volume-from-axis-bank-limited/
