Due to the government's efforts to promote the digital economy, there has been a spurt in online transactions. During the third quarter of the calendar year 2022 i.e. July-September, there were 23.06 billion digital transactions worth Rs 38.32 lakh crore in the country. In this, UPI transactions were the highest at 84 percent. Digital transactions also include prepaid payment instruments such as UPI, debit-credit cards, mobile wallets, and prepaid card transactions.
According to a Worldline report, there were over 19.65 billion UPI-based transactions worth Rs 32.5 lakh crore in the third quarter. Compared to July-September of 2021, this time UPI transactions increased by 88 percent in terms of number and 71 percent in terms of value. In total digital transactions, through UPI Person-2-Merchant (P2M) and Person-2-Person (P2P) consumers did the maximum 42 percent of transactions.
UPI: 358 banks are providing facility
Till September, the number of banks providing UPI transaction facilities stood at 358. The top five banks that received the highest payouts are SBI, HDFC Bank, Bank of Baroda, Union Bank, and ICICI Bank.
The five banks that received the highest payouts include Paytm Payments Bank, Yes Bank, SBI, Axis Bank, and ICICI Bank.
The top three apps used by consumers for UPI transactions are PhonePe, Google Pay, and the Paytm Payments Bank app.
Credit and debit cards 1.01 billion in circulation
There are 1.01 billion credit-debit cards in circulation for the July-September period. During this period, the number of credit cards increased by 19 percent on an annual basis to reach 7.77 crores. The number of debit cards increased by 2 percent from 92.03 crores to 93.85 crores.
Credit-debit cards accounted for 7 percent by volume and 14 percent by value in total transactions.
There were 7.25 crore credit card transactions worth Rs 3.5 lakh crore during the July-September quarter.
Debit card transactions worth Rs 1.88 lakh crore took place in 90.7 crore transactions.
Fastag: 5.88 crores issued till September
Till September 2022, 5.88 crore NETC FASTags have been issued from 36 banks.
mobile wallet
There were 1.44 billion transactions worth $551.8 billion in the third quarter. In terms of numbers, it has increased by 19 percent year-on-year, while it has decreased by 9 percent in terms of value.
aadhaar-based payment service
Through this, 65.1 crore transactions worth Rs 840.5 billion were done. In terms of number and value, the growth was 13-13 percent.
Also Read: RBI Monetary Policy: RBI may increase interest rates marginally, which may be announced on Wednesday
Punjab: Had Yogi been there, the son would not have been murdered, Moosewala's father praised, people will be forced to vote in 2024
On March 19, the death anniversary of the late Punjabi singer Sidhu Moosewala was organized in Mansa, Punjab. While Sidhu Moosewala's father Balkaur Singh targeted the Punjab government, he praised
Delhi Kanjhawala Death: Sixth accused also arrested, after crushing Anjali, he told the way to escape
Delhi Police has arrested the sixth accused in the Kanjhawala case of the Sultanpuri police station area. According to the police, the car belonged to Ashutosh, through which the entire incident was
Pakistan PM's confession: Shahbaz Sharif said - It is shameful to beg after being a nuclear power, Saudi-UAE helped a lot
Shahbaz Sharif has admitted for the first time that it is a matter of shame for him to extend a helping hand on every foreign tour as Prime Minister. The surprising thing is that Sharif said this in a
Madonna: Pop superstar Madonna's health improves, singer returns home after spending several days in hospital
Recently, a piece of bad news had come to the fore about the superstar Madonna, who made people dance all over the world based on her pop music. Madonna was admitted to the hospital for the last
These are the 5 most expensive phones launched in 2022, the price of the phone is in lakhs!
Smartphones are the fastest-growing segment of electronics. Mobile companies launch new and upgraded versions in the market every day. Talking about the year 2022, Samsung, Apple, OnePlus, and Xiaomi
IND vs ENG: The success of fast bowlers on the spin pitch paid off, Indian spinners took 36 wickets and pacers took 22 wickets.
Till some time ago, spinners were considered a guarantee of success on Indian pitches, but the success of Indian fast bowlers in the five-Test series against England has tried to refute this.
Khalistan supporter Amritpal threatened Home Minister in gestures: Indira Gandhi pressed, what was the result; Amit shah also fulfilled his wish and see
Khalistan supporter Amritpal Singh has threatened Home Minister Amit Shah in gestures. Amritpal said on Sunday in Budhsingh Wala village of Moga district of Punjab – Indira also tried to
Pakistan Economic Crisis: Stalled bailout package deal could not be done between Pakistan and IMF: Report
The International Monetary Fund (IMF) and Pakistan could not reach an agreement on a bailout package of more than one billion dollars on Thursday. The ongoing meeting between Pakistan Prime Minister
Ghazipur Landfill Fire: A Mountain of garbage kept burning, and smoke spread from Delhi to Noida-Ghaziabad
As the mercury rises, the garbage mountain in Ghazipur is on fire once again. The fire that broke out on Sunday afternoon was controlled to some extent on Monday morning,
Israel-Hamas War: 'The blast in Al-Ahli hospital was caused by a Palestinian rocket', claims America's intelligence agency
Thousands of people died and hundreds were injured in the Gaza hospital attack. Everyone condemned this attack. While Palestinians accused Israel of this attack, Israel itself held Hamas terrorists