In financial year 2023, over 84 billion transactions were reported for Unified Payments Interface (UPI) in India. This was an extraordinary rise compared to the previous three years. In total, the number of digital transactions increased to nearly 71 billion transactions in financial year 2022, compared to 43 billion transactions in 2021. Nevertheless, the total value of these transactions decreased.
Number of credit transfers across India from financial year 2018 to 2023, by mode of payment
(in millions)
Characteristic
AePS
ECS
NACH
APBS
IMPS
NEFT
UPI
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India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.
One Indian rupee is equal to 0.012 U.S. dollars and 0.011 euros (as of July 2023).
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Reserve Bank of India. (May 30, 2023). Number of credit transfers across India from financial year 2018 to 2023, by mode of payment (in millions) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1245814/india-volume-of-credit-transfers-by-mode/
Reserve Bank of India. "Number of credit transfers across India from financial year 2018 to 2023, by mode of payment (in millions)." Chart. May 30, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1245814/india-volume-of-credit-transfers-by-mode/
Reserve Bank of India. (2023). Number of credit transfers across India from financial year 2018 to 2023, by mode of payment (in millions). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1245814/india-volume-of-credit-transfers-by-mode/
Reserve Bank of India. "Number of Credit Transfers across India from Financial Year 2018 to 2023, by Mode of Payment (in Millions)." Statista, Statista Inc., 30 May 2023, https://www.statista.com/statistics/1245814/india-volume-of-credit-transfers-by-mode/
Reserve Bank of India, Number of credit transfers across India from financial year 2018 to 2023, by mode of payment (in millions) Statista, https://www.statista.com/statistics/1245814/india-volume-of-credit-transfers-by-mode/ (last visited July 22, 2024)
Number of credit transfers across India from financial year 2018 to 2023, by mode of payment (in millions) [Graph], Reserve Bank of India, May 30, 2023. [Online]. Available: https://www.statista.com/statistics/1245814/india-volume-of-credit-transfers-by-mode/