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Distribution of payment systems India by value 2018

Share of payment systems across India in Financial year 2019, by value

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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; 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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