Distribution of payment systems India 2018

In financial year 2019, the share of Unified Payments Interface was the highest compared to other systems at 22 percent. UPI is an instant real-time payment system developed by the National Payments Corporation of India and facilitates inter-bank transactions. Debit card payments were also used heavily that year with an 18 percent share out of the total payment systems volume.
There are a variety of ways to transfer money in today's banking environment. Right from cash based systems to card-based and mobile payments, India has developed a broad network of payment systems.

Share of payment systems across India in FY 2019, by volume

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Source

Release date

May 2019

Region

India

Survey time period

FY 2019

Supplementary notes

Note: RTGS denotes real time gross settlement systems; paper clearing denotes all the paper-based payment systems such as checks and cash; NEFT denotes the national electronic funds transfer system maintained by the Reserve Bank of India; UPI denotes unified payments interface; PPI denotes the prepaid payment instruments such as vouchers and mobile wallets; NACH denotes the national automated clearing house to help bulk and repetitive transactions through banks; IMPS denotes immediate payment services as instant inter-bank transfers.

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Statistics on "Digital payments in India"

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