In financial year 2023, there were over 83 billion UPI transactions worth about 139 trillion Indian rupees across India. The number of transactions was estimated to rise up to over 379 billions in financial year 2027 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 2027 (in billions)
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PwC India. (May 30, 2023). Number of Unified Payments Interface transactions across India from financial year 2019 to 2023, with estimates until 2027 (in billions) [Graph]. In Statista. Retrieved May 23, 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 2027 (in billions)." Chart. May 30, 2023. Statista. Accessed May 23, 2024. https://www.statista.com/statistics/1247111/india-number-of-upi-transactions/
PwC India. (2023). Number of Unified Payments Interface transactions across India from financial year 2019 to 2023, with estimates until 2027 (in billions). Statista. Statista Inc.. Accessed: May 23, 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 2027 (in Billions)." Statista, Statista Inc., 30 May 2023, 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 2027 (in billions) Statista, https://www.statista.com/statistics/1247111/india-number-of-upi-transactions/ (last visited May 23, 2024)
Number of Unified Payments Interface transactions across India from financial year 2019 to 2023, with estimates until 2027 (in billions) [Graph], PwC India, May 30, 2023. [Online]. Available: https://www.statista.com/statistics/1247111/india-number-of-upi-transactions/