Digital payments stood at Rs 38.3 lakh crore in September quarter

6 Dec 2022 , 11:53 AM

According to a recent report released Monday, the Unified Payments Interface (UPI), debit and credit cards, prepaid payment methods like mobile wallets, and prepaid cards recorded 23.06 billion transactions totaling Rs 38.3 lakh crore in the third quarter of this year.

According to Worldline India’s third-quarter “Digital Payments Report,” the volume and value of UPI transactions have nearly doubled since last year, with volume growth of 8% and a value increase of over 7% in Q3.

The three most utilized UPI apps in terms of volume and value: PhonePe, Google Pay, and Paytm Payments Bank App

The top five remitter Banks: State Bank of India, HDFC Bank, Bank of Baroda, Union Bank, and ICICI Bank
Top 5 beneficiary banks: Paytm Payments Bank, YES Bank, State Bank of India, Axis Bank, and ICICI Bank

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