The volume of Unified Payment Interface within the retail electronic clearing in India for the fiscal year 2022 was approximately 46 billion. Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the Peer to Peer collect request which can be scheduled and paid as per requirement and convenience.
Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions)
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Reserve Bank of India. (September 15, 2022). Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions) [Graph]. In Statista. Retrieved May 09, 2024, from https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/
Reserve Bank of India. "Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions)." Chart. September 15, 2022. Statista. Accessed May 09, 2024. https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/
Reserve Bank of India. (2022). Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions). Statista. Statista Inc.. Accessed: May 09, 2024. https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/
Reserve Bank of India. "Volume of Retail Electronic Clearing in India from Financial Year 2014 to 2022, by Type (in Millions)." Statista, Statista Inc., 15 Sep 2022, https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/
Reserve Bank of India, Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions) Statista, https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/ (last visited May 09, 2024)
Volume of retail electronic clearing in India from financial year 2014 to 2022, by type (in millions) [Graph], Reserve Bank of India, September 15, 2022. [Online]. Available: https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/