In financial year 2023, there were over 84 billion UPI transactions worth about 139 trillion Indian rupees across India. The number of transactions was estimated to rise up to over 456 billions in financial year 2028 in the country. Unified Payments Interface (UPI) was introduced by National Payments Corporation of India (NPCI) in 2016 and facilitates inter-bank transactions.
Number of Unified Payments Interface transactions across India from financial year 2019 to 2023, with estimates until 2028
(in billions)
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PwC India. (July 17, 2024). Number of Unified Payments Interface transactions across India from financial year 2019 to 2023, with estimates until 2028 (in billions) [Graph]. In Statista. Retrieved December 27, 2024, from https://www.statista.com/statistics/1247111/india-number-of-upi-transactions/
PwC India. "Number of Unified Payments Interface transactions across India from financial year 2019 to 2023, with estimates until 2028 (in billions)." Chart. July 17, 2024. Statista. Accessed December 27, 2024. https://www.statista.com/statistics/1247111/india-number-of-upi-transactions/
PwC India. (2024). Number of Unified Payments Interface transactions across India from financial year 2019 to 2023, with estimates until 2028 (in billions). Statista. Statista Inc.. Accessed: December 27, 2024. https://www.statista.com/statistics/1247111/india-number-of-upi-transactions/
PwC India. "Number of Unified Payments Interface Transactions across India from Financial Year 2019 to 2023, with Estimates until 2028 (in Billions)." Statista, Statista Inc., 17 Jul 2024, https://www.statista.com/statistics/1247111/india-number-of-upi-transactions/
PwC India, Number of Unified Payments Interface transactions across India from financial year 2019 to 2023, with estimates until 2028 (in billions) Statista, https://www.statista.com/statistics/1247111/india-number-of-upi-transactions/ (last visited December 27, 2024)
Number of Unified Payments Interface transactions across India from financial year 2019 to 2023, with estimates until 2028 (in billions) [Graph], PwC India, July 17, 2024. [Online]. Available: https://www.statista.com/statistics/1247111/india-number-of-upi-transactions/
