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UPI Ecosystem Statistics

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UPI Apps (Nov'22)
UPI Apps (Nov'22)
Sr.No. Application Name Customer Initiated Transactions B2C Transactions B2B Transactions On-us Transactions Total
Volume (Mn) Value (Cr) Volume (Mn) Value (Cr) Volume (Mn) Value (Cr) Volume (Mn) Value (Cr) Volume (Mn) Value (Cr)
1 Airtel Payments Bank Apps 8.73 671.00 - - 0.00 0.00 0.00 0.09 8.73 671.09
2 Allahabad Bank Apps 0.03 8.98 - - - - - - 0.03 8.98
3 Amazon Pay 59.76 5,873.36 - - - - - - 59.76 5,873.36
4 Andhra Bank Apps 0.01 1.53 - - - - - - 0.01 1.53
5 AU Small Finance Bank Apps 0.53 160.30 - - 0.00 0.00 - - 0.53 160.30
6 Axis Bank Apps 6.16 1,061.61 71.59 57.35 0.03 2.28 - - 77.77 1,121.24
7 Bajaj Finserv 3.90 464.41 - - - - - - 3.90 464.41
8 Bandhan Bank Apps 0.01 1.21 - - - - - - 0.01 1.21
9 Bank of Baroda Apps 1.26 455.80 - - 0.00 0.00 - - 1.26 455.80
10 Bank of India Apps 0.20 57.87 - - - - - - 0.20 57.87
11 Bank of Maharashtra Apps 0.07 18.29 - - - - - - 0.07 18.29
12 BHIM 25.01 8,144.83 - - - - - - 25.01 8,144.83
13 Canara Bank Apps 0.86 232.51 - - - - - - 0.86 232.51
14 Central Bank of India Apps 0.27 63.29 - - 0.00 0.02 - - 0.27 63.31
15 Citi Bank Apps 0.13 60.76 - - 0.00 0.00 - - 0.13 60.76
16 City Union Bank Apps 0.04 12.58 - - - - - - 0.04 12.58
17 Cointab 0.03 13.87 - - - - - - 0.03 13.87
18 Cred 25.63 18,599.72 - - - - - - 25.63 18,599.72
19 DBS Digibank Apps 0.40 169.55 - - 0.00 0.00 - - 0.41 169.55
20 Deutsche Bank Apps 1.30 104.20 - - 0.00 0.01 - - 1.30 104.21
21 Dhanlaxmi Bank Apps 0.01 2.75 - - - - - - 0.01 2.75
22 Equitas Small Finance Bank Apps 0.02 9.82 - - - - - - 0.02 9.82
23 Fampay PPI 4.88 64.75 - - 0.00 0.00 - - 4.88 64.75
24 Fave 0.05 2.83 - - - - - - 0.05 2.83
25 Federal Bank Apps 4.11 553.97 - - 0.00 0.00 - - 4.11 553.97
26 Fino Payments bank Apps 0.10 6.61 - - - - - - 0.10 6.61
27 Google Pay 2,541.14 409,714.75 - - - - - - 2,541.14 409,714.75
28 Groww 0.05 36.46 - - - - - - 0.05 36.46
29 HDFC Bank Apps 10.66 2,758.27 - - 0.00 0.18 - - 10.66 2,758.45
30 HSBC Bank Apps 0.12 72.51 0.00 0.06 0.00 0.00 - - 0.12 72.58
31 ICICI Bank Apps 33.40 7,829.07 4.32 334.50 6.36 6,587.24 - - 44.07 14,750.80
32 IDBI Bank Apps 0.06 24.78 - - - - - - 0.06 24.78
33 IDFC Bank Apps 10.46 895.21 - - 0.01 8.16 - - 10.47 903.37
34 India Post Payments Bank Apps 4.66 589.14 - - - - - - 4.66 589.14
35 Indian Bank Apps 0.23 67.20 - - - - - - 0.23 67.20
36 Indian Overseas Bank Apps 0.01 2.48 - - - - - - 0.01 2.48
37 IndusInd Bank Apps 1.20 1,224.13 - - - - - - 1.20 1,224.13
38 Janata Sahakari Bank Apps 0.01 3.99 - - - - - - 0.01 3.99
39 Jio Payments Bank Apps 1.31 96.23 - - - - - - 1.31 96.23
40 Jupiter 2.16 275.52 - - - - - - 2.16 275.52
41 Karnataka Bank Apps 0.40 74.82 - - - - - - 0.40 74.82
42 Karur Vysya Bank Apps 0.04 16.23 - - - - - - 0.04 16.23
43 Kotak Mahindra Bank Apps 10.93 2,304.90 - - 0.00 0.00 - - 10.93 2,304.90
44 MakeMyTrip 0.02 7.69 - - - - - - 0.02 7.69
45 Mobikwik 3.46 762.67 - - - - - - 3.46 762.67
46 NSDL Payments Bank Apps 0.02 2.70 - - - - - - 0.02 2.70
47 Paytm Payments Bank App 973.85 109,008.43 4.12 14.81 0.37 491.76 103.13 19,290.91 1,081.47 128,805.91
48 PhonePe 3,418.75 591,327.61 - - - - - - 3,418.75 591,327.61
49 Punjab National Bank Apps 0.16 60.47 - - - - - - 0.16 60.47
50 Punjab Sind Bank Apps 0.03 8.97 - - - - - - 0.03 8.97
51 RBL Bank Apps 1.14 268.54 0.00 0.00 0.04 2.26 - - 1.18 270.81
52 Samsung Pay 5.07 506.82 - - - - - - 5.07 506.82
53 Slash 0.01 0.28 - - - - - - 0.01 0.28
54 slice 0.51 206.66 - - - - - - 0.51 206.66
55 South Indian Bank Apps 0.20 58.10 - - - - - - 0.20 58.10
56 Standard Chartered Bank Apps 0.15 79.67 0.40 12.90 0.00 0.00 - - 0.55 92.57
57 State Bank of India Apps 4.07 1,876.46 - - - - - - 4.07 1,876.46
58 Tamilnad Mercantile Bank Apps 0.07 10.48 - - - - - - 0.07 10.48
59 TataNeu 0.14 17.17 - - - - - - 0.14 17.17
60 TJSB Bank Apps 0.01 2.25 - - - - - - 0.01 2.25
61 UCO Bank Apps 0.26 78.38 - - - - - - 0.26 78.38
62 Ultracash 0.02 0.27 - - - - - - 0.02 0.27
63 Union Bank Apps 1.11 313.30 - - - - - - 1.11 313.30
64 Utkarsh Small Finance Bank Apps 0.02 7.10 - - - - - - 0.02 7.10
65 WhatsApp 9.25 769.29 - - - - - - 9.25 769.29
66 Yes Bank Apps 43.18 14,682.54 0.00 0.00 0.41 219.88 - - 43.58 14,902.42
67 Others 0.02 4.07 - - 0.00 0.00 - - 0.02 4.07

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 10,000 is included under ‘Other Apps’.
  • BHIM Volume is inclusive of *99# volume.
  • WhatsApp*: Maximum registered user base of hundred (100) million in UPI
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)
Nov'22 7,309.45 11,90,593.39 3,401.49 9,21,601.77 3,907.96 2,68,991.61

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 Merchant Category Classification - November 22
UPI Merchant Category-wise Classification - November'22
Type MCC Description
High Transacting Categories 5411 Groceries and supermarkets
5812 Eating places and restaurants
4814 Telecommunication services, including local and long distance calls, credit card calls, calls through use of magnetic stripe reading telephones and faxes
7299 Miscellaneous personal services not elsewhere classified
5816 Digital Goods – Games
5541 Service stations (with or without ancillary services)
5814 Fast food restaurants
5499 Miscellaneous food shops convenience and speciality retail outlets
5311 Department stores
5912 Drug stores and pharmacies
Medium Transacting Categories 5999 Miscellaneous and speciality retail outlets
5462 Bakeries
5399 Miscellaneous general merchandise
4900 Utilities - electric, gas, water and sanitary
7322 Debt collection agencies
5813 Drinking places (alcoholic beverages) - bars, taverns, night-clubs, cocktail lounges and discothèques
5451 Dairies
6540 Debit card to wallet credit (Wallet top up)*
6012 Financial institutions - merchandise and services
5699 Miscellaneous apparel and accessory shops
All Other Categories 4899 Cable and other pay television services
9399 Government services - not elsewhere classified
8999 Professional services not elsewhere classified
7399 Business services not elsewhere classified
4214 Motor freight carriers and trucking - local and long distance, moving and storage companies and local delivery
5732 Electronics shops
5422 Freezer and locker meat provisioners
6211 Securities - brokers and dealers
4784 Tolls and bridge fees
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