The volume of Unified Payment Interface within the retail electronic clearing in India for the fiscal year 2021 was approximately 22 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 2021, by type
(in millions)
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Reserve Bank of India. (September 15, 2021). Volume of retail electronic clearing in India from financial year 2014 to 2021, by type (in millions) [Graph]. In Statista. Retrieved December 06, 2021, 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 2021, by type (in millions)." Chart. September 15, 2021. Statista. Accessed December 06, 2021. https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/
Reserve Bank of India. (2021). Volume of retail electronic clearing in India from financial year 2014 to 2021, by type (in millions). Statista. Statista Inc.. Accessed: December 06, 2021. 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 2021, by Type (in Millions)." Statista, Statista Inc., 15 Sep 2021, 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 2021, by type (in millions) Statista, https://www.statista.com/statistics/1034635/india-volume-of-retail-electronic-clearing-by-type/ (last visited December 06, 2021)
