In June 2023, the Bank of Baroda acted as the remitter bank for over 604 million UPI-transactions in India. This figure saw a continuous increase in the last year.
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 Bank of Baroda in India from January 2020 to June 2023
(in millions)
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NPCI. (August 3, 2023). Total volume of UPI-transactions from Bank of Baroda in India from January 2020 to June 2023 (in millions) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1226048/india-total-upi-transaction-volume-from-bank-of-baroda/
NPCI. "Total volume of UPI-transactions from Bank of Baroda in India from January 2020 to June 2023 (in millions)." Chart. August 3, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1226048/india-total-upi-transaction-volume-from-bank-of-baroda/
NPCI. (2023). Total volume of UPI-transactions from Bank of Baroda in India from January 2020 to June 2023 (in millions). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1226048/india-total-upi-transaction-volume-from-bank-of-baroda/
NPCI. "Total Volume of Upi-transactions from Bank of Baroda in India from January 2020 to June 2023 (in Millions)." Statista, Statista Inc., 3 Aug 2023, https://www.statista.com/statistics/1226048/india-total-upi-transaction-volume-from-bank-of-baroda/
NPCI, Total volume of UPI-transactions from Bank of Baroda in India from January 2020 to June 2023 (in millions) Statista, https://www.statista.com/statistics/1226048/india-total-upi-transaction-volume-from-bank-of-baroda/ (last visited November 22, 2024)
Total volume of UPI-transactions from Bank of Baroda in India from January 2020 to June 2023 (in millions) [Graph], NPCI, August 3, 2023. [Online]. Available: https://www.statista.com/statistics/1226048/india-total-upi-transaction-volume-from-bank-of-baroda/
