As of 2020, UPI emerged as the preferred payment method within 56 percent of the bottom income pyramid in India. The penetration rate was same in the top tier of the income pyramid. United Payment Interface is a widely used payment method in India and the recent introduction of UPI 123Pay for feature phone users and UPILite for offline transactions has enabled its wider penetration in the market.
United payment interface (UPI) penetration rate in India 2020, by average annual household income
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Indian council for research on International Economic Relations. (March 3, 2023). United payment interface (UPI) penetration rate in India 2020, by average annual household income [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1390091/india-upi-penetration-rate-by-income-group/
Indian council for research on International Economic Relations. "United payment interface (UPI) penetration rate in India 2020, by average annual household income." Chart. March 3, 2023. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1390091/india-upi-penetration-rate-by-income-group/
Indian council for research on International Economic Relations. (2023). United payment interface (UPI) penetration rate in India 2020, by average annual household income. Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1390091/india-upi-penetration-rate-by-income-group/
Indian council for research on International Economic Relations. "United Payment Interface (Upi) Penetration Rate in India 2020, by Average Annual Household Income." Statista, Statista Inc., 3 Mar 2023, https://www.statista.com/statistics/1390091/india-upi-penetration-rate-by-income-group/
Indian council for research on International Economic Relations, United payment interface (UPI) penetration rate in India 2020, by average annual household income Statista, https://www.statista.com/statistics/1390091/india-upi-penetration-rate-by-income-group/ (last visited December 19, 2024)
United payment interface (UPI) penetration rate in India 2020, by average annual household income [Graph], Indian council for research on International Economic Relations, March 3, 2023. [Online]. Available: https://www.statista.com/statistics/1390091/india-upi-penetration-rate-by-income-group/
