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UPI Ecosystem Statistics

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UPI Top 50 Member Remitter Performance (May'25)
UPI Remitter Members - Top 50 Members (May'25)
Sr. No. UPI Remitter Members (May-2025) Total Volume (In Mn) Approved % BD % TD% Total Debit Reversal Count (In Mn) Debit Reversal Success %
1 State Bank of India 4,972.91 93.87% 5.88% 0.25% 12.10 95.08%
2 HDFC Bank Ltd. 1,512.37 95.02% 4.86% 0.12% 2.28 99.93%
3 Bank of Baroda 1,262.84 91.27% 8.64% 0.09% 2.65 98.59%
4 Union Bank of India 1,168.19 93.20% 6.72% 0.09% 2.44 94.06%
5 Punjab National Bank 1,068.01 92.60% 7.20% 0.20% 2.57 96.74%
6 Kotak Mahindra Bank 927.50 92.40% 7.51% 0.09% 1.84 61.98%
7 Canara Bank 903.21 93.09% 6.84% 0.07% 1.87 89.90%
8 Axis Bank Ltd. 852.60 94.85% 5.15% 0.00% 1.38 99.76%
9 ICICI Bank Ltd. 713.35 96.15% 3.84% 0.01% 1.01 98.36%
10 Indian Bank 593.72 92.95% 6.74% 0.31% 1.21 90.40%
11 Bank Of India 587.21 92.56% 6.44% 0.99% 2.86 53.96%
12 India Post Payments Bank Limited 576.10 89.08% 10.71% 0.21% 1.72 92.44%
13 Airtel Payments Bank Limited 573.79 86.66% 12.92% 0.42% 2.11 91.48%
14 Indian Overseas Bank 298.90 92.95% 6.75% 0.30% 0.66 96.66%
15 Central Bank of India 265.24 88.88% 10.60% 0.52% 0.85 92.13%
16 UCO Bank 259.36 91.65% 8.20% 0.15% 0.66 89.51%
17 Federal Bank Ltd. 251.18 93.02% 6.87% 0.11% 0.40 98.36%
18 Fino Payments Bank Ltd. 213.85 88.43% 11.33% 0.23% 0.81 72.70%
19 Bank of Maharashtra 204.66 93.47% 6.36% 0.18% 0.58 74.16%
20 Indusind Bank Ltd. 203.19 90.35% 9.48% 0.16% 0.61 74.39%
21 IDBI Bank Ltd. 199.11 93.43% 6.10% 0.47% 0.72 85.19%
22 Yes Bank Ltd. 175.35 92.04% 7.87% 0.09% 0.26 78.73%
23 Karnataka Bank 140.77 92.33% 7.45% 0.21% 0.34 81.09%
24 IDFC Bank Ltd. 113.06 93.44% 6.51% 0.05% 0.22 90.55%
25 Tri O Tech Solutions Private Limited 110.06 100.00% 0.00% 0.00% - 0.00%
26 The Jammu & Kashmir Bank Limited 96.68 92.37% 6.45% 1.18% 0.70 38.44%
27 Karur Vysya Bank 90.61 93.23% 6.62% 0.14% 0.19 88.09%
28 Bandhan Bank limited 86.69 94.47% 5.29% 0.24% 0.28 92.82%
29 AU Small Finance Bank 73.85 90.28% 9.43% 0.29% 0.20 89.87%
30 The South Indian Bank Limited 69.84 94.78% 5.11% 0.11% 0.10 98.07%
31 Punjab and Sind Bank 56.71 91.83% 7.64% 0.53% 0.28 79.08%
32 City Union Bank 53.56 92.11% 7.72% 0.17% 0.09 99.07%
33 Ujjivan Small Finance Bank Limited 52.91 93.19% 6.62% 0.19% 0.13 91.42%
34 Tamilnad Mercantile Bank Limited 52.51 92.78% 7.05% 0.17% 0.09 92.46%
35 JIO Payments Bank Ltd 52.13 83.89% 15.36% 0.74% 0.31 86.75%
36 Baroda U.P. Bank 45.69 91.48% 6.48% 2.04% 0.39 35.16%
37 Kerala Gramin Bank 44.18 91.81% 7.17% 1.02% 0.32 68.37%
38 Telangana Grameena Bank 37.79 88.89% 10.41% 0.70% 0.23 72.72%
39 RBL Bank Ltd. 35.46 93.76% 5.57% 0.67% 0.10 61.82%
40 Maharashtra Gramin Bank 35.09 86.13% 12.35% 1.52% 0.18 62.95%
41 NSDL Payments Bank Limited 35.02 84.06% 15.48% 0.45% 0.17 77.48%
42 Karnataka Gramin Bank 34.59 89.38% 9.26% 1.36% 0.32 52.34%
43 Rajasthan Marudhara Gramin Bank 32.88 86.88% 12.50% 0.62% 0.18 33.49%
44 ESAF Small Finance Bank Ltd 32.02 95.76% 4.06% 0.19% 0.07 92.80%
45 DBS Bank India Limited 31.69 93.36% 6.53% 0.12% 0.06 94.01%
46 Equitas Small Finance Bank 30.47 91.32% 8.47% 0.21% 0.07 98.98%
47 Saraswat Co-operative Bank 28.72 95.09% 4.88% 0.04% 0.05 99.03%
48 Andhra Pragathi Grameena Bank 28.62 84.84% 12.31% 2.85% 0.18 38.41%
49 Standard Chartered Bank 28.24 95.89% 3.67% 0.43% 0.08 43.42%
50 Sarva Haryana Gramin Bank 26.07 90.17% 6.96% 2.87% 0.28 43.62%
UPI Top 50 Member Beneficiary Performance (May'25)
UPI Beneficiary Members - Top 50 Members (May'25)
Sr.No. UPI Beneficiary Members (May-2025) Total Volume (In Mn) Approved % BD% TD% Deemed Approved %
1 Yes Bank Ltd. 7,569.54 99.99% 0.01% 0.00% 0.00%
2 Axis Bank Ltd. 1,893.85 99.95% 0.04% 0.00% 0.01%
3 State Bank of India 1,851.45 99.77% 0.09% 0.14% 0.04%
4 HDFC Bank Ltd. 931.57 99.41% 0.54% 0.05% 0.03%
5 ICICI Bank Ltd. 602.95 99.77% 0.20% 0.03% 0.01%
6 Bank of Baroda 488.55 99.87% 0.06% 0.06% 0.06%
7 Union Bank of India 451.96 99.90% 0.09% 0.02% 0.04%
8 Punjab National Bank 428.80 99.62% 0.25% 0.13% 0.13%
9 Airtel Payments Bank Limited 423.33 98.93% 0.85% 0.22% 0.12%
10 Canara Bank 418.99 99.81% 0.12% 0.07% 0.02%
11 Federal Bank Ltd. 392.98 99.79% 0.18% 0.03% 0.00%
12 Kotak Mahindra Bank 359.30 98.94% 0.92% 0.14% 0.08%
13 Indian Bank 274.77 99.42% 0.27% 0.31% 0.10%
14 India Post Payments Bank Limited 257.72 98.52% 1.01% 0.47% 0.05%
15 Bank Of India 250.87 98.20% 0.94% 0.86% 0.30%
16 Indusind Bank Ltd. 176.40 99.54% 0.28% 0.18% 0.11%
17 Indian Overseas Bank 148.53 99.42% 0.44% 0.14% 0.13%
18 Central Bank of India 123.28 99.08% 0.56% 0.37% 0.14%
19 UCO Bank 110.33 99.41% 0.42% 0.17% 0.02%
20 RBL Bank Ltd. 101.36 99.63% 0.05% 0.32% 0.26%
21 Fino Payments Bank Ltd. 100.21 98.22% 1.65% 0.13% 0.11%
22 IDBI Bank Ltd. 96.22 99.40% 0.24% 0.37% 0.11%
23 Bank of Maharashtra 86.07 99.47% 0.42% 0.11% 0.08%
24 Unity Small Finance Bank Limited 75.73 100.00% 0.00% 0.00% 0.00%
25 Karnataka Bank 74.49 99.37% 0.31% 0.32% 0.05%
26 The Jammu & Kashmir Bank Limited 53.93 98.92% 0.71% 0.37% 0.27%
27 One Mobikwik Systems Limited 52.33 99.93% 0.00% 0.07% 0.00%
28 NSDL Payments Bank Limited 50.90 99.49% 0.38% 0.13% 0.03%
29 Tri O Tech Solutions Private Limited 50.44 99.03% 0.95% 0.02% 0.00%
30 Bandhan Bank limited 49.45 99.37% 0.37% 0.26% 0.04%
31 IDFC Bank Ltd. 46.74 98.83% 1.10% 0.07% 0.02%
32 Karur Vysya Bank 43.15 99.67% 0.22% 0.12% 0.03%
33 The South Indian Bank Limited 42.94 99.87% 0.12% 0.01% 0.00%
34 Tamilnad Mercantile Bank Limited 37.27 99.61% 0.26% 0.14% 0.02%
35 AU Small Finance Bank 33.40 99.30% 0.51% 0.20% 0.02%
36 JIO Payments Bank Ltd 31.76 99.06% 0.58% 0.36% 0.15%
37 City Union Bank 31.51 99.42% 0.33% 0.25% 0.01%
38 Punjab and Sind Bank 25.66 97.76% 1.78% 0.46% 0.09%
39 Ujjivan Small Finance Bank Limited 25.63 99.68% 0.22% 0.10% 0.12%
40 Kerala Gramin Bank 25.62 98.81% 0.51% 0.68% 0.53%
41 Suryoday Small Finance Bank Limited 22.44 98.71% 1.10% 0.19% 0.22%
42 Citi Bank 21.92 99.66% 0.26% 0.08% 0.01%
43 Baroda U.P. Bank 21.87 98.49% 0.23% 1.28% 0.41%
44 Telangana Grameena Bank 17.48 99.30% 0.41% 0.30% 0.11%
45 Karnataka Gramin Bank 15.71 99.00% 0.22% 0.78% 0.58%
46 Maharashtra Gramin Bank 14.99 98.61% 0.11% 1.28% 0.08%
47 ESAF Small Finance Bank Ltd 14.55 99.65% 0.20% 0.15% 0.02%
48 Equitas Small Finance Bank 14.22 97.72% 1.84% 0.44% 0.00%
49 Andhra Pragathi Grameena Bank 13.58 97.27% 0.74% 1.99% 0.32%
50 Rajasthan Marudhara Gramin Bank 13.15 97.89% 1.81% 0.30% 0.15%

Glossary

  • Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
  • Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
  • The Debit Reversal Success percentage indicates the % of total cases, where a customer account may be debited and their bank is unable to confirm instantly about the status of reversal of such a debit. When reversal/credit is not processed instantly, it is processed manually by the bank as per the extant RBI guidelines.
  • Deemed Approved (Pending Credit Confirmation for UPI remittance transactions) - Deemed Approved percentage indicates the total percentage of cases of the total transactions, where credit confirmations are not received online from the beneficiary banks for the credit. If the beneficiary account is not credited online, transaction would be manually processed by the beneficiary bank as per the extant RBI guidelines.
  • Remitter - The account holder who is sending the money
  • Beneficiary - The account holder who is receiving money
  • Remitter Bank - The bank of the account holder who is sending the money
  • Beneficiary Bank - The bank of the account holder who is receiving money
UPI Apps (May'25)
UPI Apps (May'25)
Sr.No. Application Name Customer Initiated Transactions B2C Transactions B2B Transactions Total
Volume (Mn) Value (Cr) Volume (Mn) Value (Cr) Volume (Mn) Value (Cr) Volume (Mn) Value (Cr)
1 Phone Pe # 8682.08 1256541.09 0.00 0.00 0.00 0.00 8682.08 1256541.09
2 Google Pay # 6740.42 884735.12 0.00 0.00 0.00 0.00 6740.42 884735.12
3 Paytm # 1277.56 138068.97 0.00 0.00 0.00 0.00 1277.56 138068.97
4 Navi # 386.21 21350.35 0.00 0.00 0.00 0.00 386.21 21350.35
5 super.money # 203.42 7054.28 0.00 0.00 0.00 0.00 203.42 7054.28
6 Cred # 141.95 55242.72 0.00 0.00 0.00 0.00 141.95 55242.72
7 Axis Bank Apps 23.10 5427.15 96.92 4253.72 0.01 2.95 120.03 9683.82
8 FamApp by Trio 110.38 1415.40 0.00 0.00 0.00 0.00 110.38 1415.40
9 Amazon Pay # 98.68 10343.44 0.00 0.00 0.00 0.00 98.68 10343.44
10 Whatsapp # 70.19 5280.89 0.00 0.00 0.00 0.00 70.19 5280.89
11 BHIM # 64.60 11243.73 0.00 0.00 0.00 0.00 64.60 11243.73
12 HDFC Bank Apps 48.10 14798.07 15.08 7.04 0.01 1.49 63.19 14806.60
13 Kotak Mahindra Bank Apps 59.74 7862.60 0.00 0.00 0.00 0.00 59.74 7862.60
14 ICICI Bank Apps 57.17 14783.71 0.01 13.90 2.29 1891.92 59.47 16689.54
15 Yes Bank Apps 53.19 9496.55 0.01 0.02 0.33 22.40 53.52 9518.96
16 Mobikwik # 33.92 4674.33 0.00 0.00 0.00 0.00 33.92 4674.33
17 Airtel Payments Bank Apps 20.14 1447.34 0.00 0.01 0.00 0.00 20.14 1447.35
18 Slice Small Finance Bank Apps 19.85 2330.20 0.00 0.00 0.00 0.02 19.85 2330.22
19 India Post Payments Bank Apps 16.51 1834.83 0.00 0.00 0.00 0.00 16.51 1834.83
20 IDFC Bank Apps 16.19 2493.14 0.00 0.02 0.02 0.12 16.21 2493.29
21 Pop Club # 13.59 500.88 0.00 0.00 0.00 0.00 13.59 500.88
22 State Bank of India Apps 13.48 3700.30 0.00 0.00 0.00 0.00 13.48 3700.30
23 RBL Bank Apps 13.17 1744.69 0.00 0.13 0.10 17.60 13.27 1762.42
24 Groww # 12.14 8443.05 0.00 0.00 0.00 0.00 12.14 8443.05
25 Bajaj Finserv 10.67 2219.95 0.00 0.00 0.00 0.00 10.67 2219.95
26 Samsung Pay 9.14 656.92 0.00 0.00 0.00 0.00 9.14 656.92
27 Jupiter Money 6.40 950.85 0.00 0.00 0.00 0.00 6.40 950.85
28 Federal Bank Apps 5.09 982.11 0.00 0.00 0.00 0.00 5.09 982.11
29 Jio Payments Bank Apps 4.70 341.19 0.00 0.00 0.00 0.00 4.70 341.19
30 Deutsche Bank Apps 4.02 723.74 0.00 0.00 0.00 0.14 4.02 723.88
31 Timepay # 3.90 50.01 0.00 0.00 0.00 0.00 3.90 50.01
32 Canara Bank Apps 3.85 992.90 0.00 0.00 0.00 0.00 3.85 992.90
33 Punjab National Bank Apps 3.60 953.88 0.00 0.00 0.00 0.00 3.60 953.88
34 Kiwi # 3.58 428.68 0.00 0.00 0.00 0.00 3.58 428.68
35 Flipkart UPI # 3.23 187.83 0.00 0.00 0.00 0.00 3.23 187.83
36 Standard Chartered Bank Apps 2.75 172.79 0.00 0.00 0.27 7.77 3.02 180.55
37 Fi Money # 2.99 407.88 0.00 0.00 0.00 0.00 2.99 407.88
38 Shri Ram One # 2.58 165.88 0.00 0.00 0.00 0.00 2.58 165.88
39 Jammu and Kashmir Bank Apps 2.36 308.47 0.00 0.00 0.00 0.00 2.36 308.47
40 IndusInd Bank Apps 1.99 258.89 0.00 0.00 0.00 0.00 1.99 258.89
41 Bank of Baroda Apps 1.80 528.32 0.00 0.00 0.00 0.00 1.80 528.32
42 Omni Card # 1.63 92.27 0.00 0.00 0.00 0.00 1.63 92.27
43 Central Bank of India Apps 1.56 268.09 0.00 0.00 0.00 0.00 1.56 268.09
44 Ind Money # 1.30 560.96 0.00 0.00 0.00 0.00 1.30 560.96
45 Suryoday Bank Apps 1.24 214.28 0.00 0.00 0.01 4.18 1.25 218.46
46 DBS Digibank Apps 1.04 224.55 0.00 0.00 0.02 2.10 1.06 226.65
47 HSBC Bank Apps 1.01 123.87 0.01 0.27 0.00 0.22 1.03 124.36
48 Digikhata 0.87 282.69 0.00 0.00 0.00 0.00 0.87 282.69
49 Indian Bank Apps 0.80 202.18 0.00 0.00 0.00 0.00 0.80 202.18
50 One Card # 0.80 954.81 0.00 0.00 0.00 0.00 0.80 954.81
51 Bharat Pe # 0.74 58.21 0.00 0.00 0.00 0.00 0.74 58.21
52 Union Bank Apps 0.73 241.85 0.00 0.00 0.00 0.00 0.73 241.85
53 South Indian Bank Apps 0.71 211.09 0.00 0.00 0.00 0.00 0.71 211.09
54 AU Small Finance Bank Apps 0.60 184.67 0.00 0.00 0.00 0.00 0.60 184.67
55 ESAF Small Finance Bank Apps 0.57 63.39 0.00 0.00 0.00 0.00 0.57 63.39
56 Fino Payments Bank Apps 0.54 56.90 0.00 0.00 0.00 0.00 0.54 56.90
57 Aditya Birla Capital Digital # 0.49 26.92 0.00 0.00 0.00 0.00 0.49 26.92
58 UCO Bank Apps 0.48 122.06 0.00 0.00 0.00 0.00 0.48 122.06
59 Tata Neu # 0.45 132.55 0.00 0.00 0.00 0.00 0.45 132.55
60 Salary Se # 0.43 20.47 0.00 0.00 0.00 0.00 0.43 20.47
61 Money View # 0.32 31.91 0.00 0.00 0.00 0.00 0.32 31.91
62 Kredit Pe # 0.32 35.29 0.00 0.00 0.00 0.00 0.32 35.29
63 Bank of India Apps 0.30 91.04 0.00 0.00 0.00 0.00 0.30 91.04
64 Indian Overseas Bank Apps 0.27 64.81 0.00 0.00 0.00 0.00 0.27 64.81
65 Karnataka Bank Apps 0.25 59.72 0.00 0.00 0.00 0.00 0.25 59.72
66 Spice Money 0.20 14.26 0.00 0.00 0.00 0.00 0.20 14.26
67 Dhani 0.17 8.63 0.00 0.00 0.00 0.00 0.17 8.63
68 NSDL Payments Bank Apps 0.16 16.23 0.00 0.00 0.00 0.02 0.17 16.25
69 Rapipay 0.17 19.16 0.00 0.00 0.00 0.00 0.17 19.16
70 IDBI Bank Apps 0.13 49.81 0.00 0.00 0.00 0.00 0.13 49.81
71 Ultracash # 0.10 7.77 0.00 0.00 0.00 0.00 0.10 7.77
72 True Balance 0.10 3.01 0.00 0.00 0.00 0.00 0.10 3.01
73 Karur Vysya Bank Apps 0.10 35.02 0.00 0.00 0.00 0.00 0.10 35.02
74 Tamilnad Mercantile Bank Apps 0.09 32.95 0.00 0.00 0.00 0.00 0.09 32.95
75 Niyo Global # 0.07 25.75 0.00 0.00 0.00 0.00 0.07 25.75
76 City Union Bank Apps 0.07 29.97 0.00 0.00 0.00 0.00 0.07 29.97
77 Obopay 0.06 8.77 0.00 0.00 0.00 0.00 0.06 8.77
78 Unity Small Finance Bank Apps 0.06 12.79 0.00 0.00 0.00 0.00 0.06 12.79
79 Freo # 0.04 2.27 0.00 0.00 0.00 0.00 0.04 2.27
80 Payworld 0.03 2.21 0.00 0.00 0.00 0.00 0.03 2.21
81 Punjab Sind Bank Apps 0.02 8.87 0.00 0.00 0.00 0.00 0.02 8.87
82 Bank of Maharashtra Apps 0.02 7.44 0.00 0.00 0.00 0.00 0.02 7.44
83 Others 1.76 235.74 0.00 0.00 0.12 5.04 1.87 240.77

Note:-

  • App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer’s side.
  • All B2C (Business to Customer) & B2B (Business to Business) transactions is attributed to respective PSP .
  • From January 2021 onwards, ‘On-us Transactions’ in UPI that are not processed and settled through the UPI Central System is shown under ‘On-us Transactions’ column.
  • Apps which has volume less than 20,000 is included under ‘Other Apps’.
  • BHIM Volume is inclusive of *99# volume.
  • WhatsApp*: Limit restrictions on user onboarding has been removed since 31st Dec 2024
  • 3rd Party Apps (TPAP) Volume Market Share statistics excludes the cross-border transactions and new/recent features
  • On Us transactions of Airtel Payments Bank Apps have been incoroprated in B2B Payments
  • # Denotes 3rd Party Apps (TPAP)
UPI P2P and P2M Transactions
UPI P2P and P2M Transactions
Month Total P2P P2M
Volume (Mn) Value (Cr) Volume (Mn) Value (Cr) Volume (Mn) Value (Cr)
May-25 18,677.46 25,14,297.01 6,823.80 18,17,672.02 11,853.66 6,96,624.99

Glossary

  • P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
  • P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments
UPI Payer PSP Performance
UPI Payer PSP Performance (May'25)
Sr. No. Payer PSP Total Volume (In Mn) Approved % BD % TD %
1 Yes Bank Ltd. 6,249.31 91.91% 8.02% 0.07%
2 Axis Bank Ltd. 6,243.68 93.26% 6.66% 0.08%
3 ICICI Bank Ltd. 3,429.87 92.48% 7.44% 0.08%
4 HDFC Bank Ltd. 1,903.95 94.32% 5.63% 0.05%
5 State Bank of India 1,814.30 95.37% 4.54% 0.09%
6 Tri O Tech Solutions Private Limited 110.06 100.00% 0.00% 0.00%
7 BHIM 74.53 95.27% 4.61% 0.12%
8 Kotak Mahindra Bank 60.08 100.00% 0.00% 0.00%
9 RBL Bank Ltd. 21.94 98.10% 1.86% 0.04%
10 Airtel Payments Bank Limited 20.85 96.64% 3.29% 0.06%
11 North East Small Finance Bank Ltd 20.22 97.42% 2.54% 0.04%
12 IDFC Bank Ltd. 17.11 99.81% 0.19% 0.00%
13 India Post Payments Bank Limited 16.51 100.00% 0.00% 0.00%
14 One Mobikwik Systems Limited 13.66 100.00% 0.00% 0.00%
15 Federal Bank Ltd. 8.30 98.83% 1.14% 0.03%
UPI Payee PSP Performance
UPI Payee PSP Performance (May'25)
Sr. No. Payee PSP Total Volume (In Mn) Approved % BD % TD %
1 Yes Bank Ltd. 10,200.44 91.74% 8.18% 0.08%
2 Axis Bank Ltd. 3,662.85 94.45% 5.48% 0.07%
3 ICICI Bank Ltd. 1,759.20 93.94% 5.98% 0.08%
4 HDFC Bank Ltd. 1,279.85 93.88% 6.06% 0.06%
5 State Bank of India 1,182.71 95.24% 4.69% 0.07%
6 Federal Bank Ltd. 320.29 96.92% 3.02% 0.06%
7 Airtel Payments Bank Limited 184.27 94.29% 5.64% 0.07%
8 Indusind Bank Ltd. 116.59 93.24% 6.70% 0.07%
9 RBL Bank Ltd. 103.75 92.94% 6.94% 0.11%
10 Canara Bank 89.00 97.07% 2.88% 0.05%
11 Kotak Mahindra Bank 82.50 94.77% 5.16% 0.07%
12 Unity Small Finance Bank Limited 78.29 96.86% 3.08% 0.06%
13 One Mobikwik Systems Limited 54.02 96.74% 3.20% 0.06%
14 Tri O Tech Solutions Private Limited 52.97 94.00% 5.92% 0.08%
15 NSDL Payments Bank Limited 43.57 93.38% 6.53% 0.10%

Glossary

  • Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
  • Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
  • PSP - Payment Service Provider
  • Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
  • Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.
UPI Merchant Category Classification - May 25
UPI Merchant Category-wise Classification - May'25
Type MCC Description
High Transacting Categories 5411 Groceries and supermarkets
5814 Fast food restaurants
5812 Eating places and restaurants
4814 Telecommunication services, including local and long distance calls
5541 Service stations (with or without ancillary services)
5816 Digital Goods: Games
5993 Cigar shops and stands
5462 Bakeries
5912 Drug stores and pharmacies
4900 Utilities electric, gas, water and sanitary
Medium Transacting Categories 5451 Dairies
7322 Debt collection agencies
5921 Package shops beer, wine and liquor
5441 Candy, nut and confectionery shops
5422 Freezer and locker meat provisioners
9399 Government services not elsewhere classified
5262 Online Marketplaces
5813 Drinking places (alcoholic beverages) bars, taverns, night-clubs
5691 Mens and womens clothing shops
5412 Purchase of digital gold
All Other Categories 5732 Electronics shops
7230 Beauty and barber shops
7622 Electronics repair shops
4112 Passenger railways
5137 Mens, womens and childrens uniforms and commercial clothing
5311 Department stores
4121 Taxi-cabs and limousines
5331 Variety stores
5651 Family clothing shops
Others

Glossary

  • Category classification is made in terms of Approved UPI transaction Volume.
  • High Transacting Categories: Top 10 MCCs
  • Medium Transacting Categories: Next 10 MCCs
  • All Other Categories: Next 9 MCCs along with all other MCCs clubbed under 'Others'
  • MCC Description is with reference to ISO 18245:2003 standard