In the first three months (January-March) of 2022 in the country, more than 14.55 billion transactions worth Rs 26.19 lakh crore were done through UPI. This figure of transactions in volume terms is around 99 percent from the same period of 2021 and over 90 percent in value terms.
According to a Worldline report released on Monday, a total of 9.36 billion transactions worth Rs 10.25 lakh crore took place in the first quarter of this year through various payment channels such as debit-credit cards, mobile wallets, prepaid cards, and UPI P2M (Person to Merchant). In this UPI P2M (Person to Merchant) transactions have emerged as the most preferred payment medium amongst the consumers. It has a market share of 64 percent in terms of volume and 50 percent in terms of value.
Highest payment from these banks
SBI, HDFC Bank, Bank of Baroda, Union Bank, and Paytm Payments Bank.
These banks pay the most
Paytm Payments Bank, SBI, Yes Bank, Axis Bank, and ICICI Bank.
credit card count increased
The number of credit and debit cards increased to 99.12 crores in January-March. During this period, the number of credit cards increased by 19% to 7.36 crores. The number of debit cards increased by just two percent to 91.76 crores from 89.8 crores. 2.3 crore debit cards were discontinued during this period.
Make the most of these apps
PhonePe, Google Pay, Paytm Payments Bank, Amazon Pay, and Axis Bank's apps were the most used in terms of volume for transactions through UPI.
PhonePe, Google Pay, and Paytm accounted for 94.8 percent in terms of volume, while all three apps accounted for 93% in terms of value.
Other important information in the report
Credit cards saw 2.02 billion transactions worth Rs 8.77 lakh crore in three months.
94.27 crore transactions worth Rs 1.81 lakh crore were done through debit cards.
840.23 billion was paid through Aadhaar based payment service, which is up 33% year-on-year.
A total of 60.7 lakh PoS machines were operational as of March 2022.
The country's e-commerce market is worth $46.2 billion, which will grow to $188 billion in 2025.
HDFC Bank, SBI, ICICI Bank, Axis Bank, and RBL Bank issued the maximum number of credit cards.
SBI, Bank of Baroda, Canara Bank, and PNB issued a maximum number of debit cards.
New York Firing Case: Main accused in New York mass shooting convicted of murder and terrorism
Peyton Gendron, the 19-year-old suspect in the shooting incident at a supermarket in the city of Buffalo, New York, has been convicted of murder and terrorism. The BBC reported that New York does not
PM Modi: 'Congress' loot during life, even after life...', PM Modi said in Chhattisgarh - He does not want you to give your property to children.
PM Modi addressed a public meeting in Surguja, Chhattisgarh today. PM Modi mentioned inheritance tax while targeting Congress.
Weather Update: Cold will soon knock in the country, and rain will continue in many states, know the weather update of your city
Aaj Ka Mausam The month of October is half over and now cold is going to knock in the country soon. In many states, the feeling of cold has also started. There is still a shadow of rain in many states
Ram Mandir: 'The dream of crores of Hindus has come true', BRS leader's poem praised the Ram temple being built in Ayodhya; shared video
Ram Mandir The grand Ram temple being built in Ayodhya, Uttar Pradesh is going to be inaugurated on 22 January 2024. This day is going to be very memorable for Ram devotees living all over the world.
Income Tax Return: Income tax notice received even after filing an income tax return, then answer like this
The last date for filing income tax returns for the financial year 2021-22 (tax assessment year 2022-23) is 31 July 2022. If you have not filed your return by the last date, the Income Tax Department
'Delhi's dilapidated roads will be repaired before the elections', CM Atishi and Kejriwal told the priority of the government
Former CM Arvind Kejriwal and CM Atishi held a press conference regarding the bad roads of the capital Delhi. Arvind Kejriwal said that when I went to jail, these people left no stone unturned to stop
Hanuman Jayanti: Baba Mahakal appeared in the form of Hanuman in Bhasmarti, makeup was done with hemp and dry fruits.
In the world-famous Shri Mahakaleshwar temple today, on the full moon day of Chaitra Shukla Paksha, during the Bhasma Aarti, Pandey priest worshiped the idols of God installed in the sanctum sanctorum
PM Modi: 'Life may be lost but promise should not be broken', referring to Operation Sindoor, PM Modi said- I have come to Bihar after fulfilling my promise
Today is the second day of PM Modi's Bihar tour. Today PM Modi will address a public meeting in Bikramganj of Rohtas and will also give gifts worth crores to the public. PM arrived on the stage in an
Chhaava: Tehseen Poonawala got angry at those who blamed 'Chhava' for the Nagpur riots, said- Art is not a matchstick
Actor Vicky Kaushal starrer 'Chhaava' is in theatres and is earning a lot even after a month. On the other hand, there are a lot of controversies in this film. This is a film based on the life of
Pakistan: Pakistan was rocked by an explosion on Mohammad Ali Jinnah's birthday, five were killed; 12 people were injured
Five soldiers, including a captain, were killed and 12 civilians were injured in multiple explosions in Pakistan's Balochistan province on Sunday. The News International newspaper reported in its
