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UPI Top 50 Member Remitter Performance (April'25)
UPI Remitter Members - Top 50 Members (Apr'25)
Sr. No. UPI Remitter Members (Apr-2025) Total Volume (In Mn) Approved % BD % TD% Total Debit Reversal Count (In Mn) Debit Reversal Success %
1 State Bank of India 4,850.52 91.83% 7.42% 0.75% 14.48 93.18%
2 HDFC Bank Ltd. 1,471.20 94.26% 5.74% 0.00% 5.69 95.45%
3 Bank of Baroda 1,243.19 89.74% 10.25% 0.01% 3.92 93.70%
4 Union Bank of India 1,139.95 91.34% 8.18% 0.47% 4.32 68.02%
5 Punjab National Bank 1,033.60 90.90% 8.74% 0.36% 4.15 87.03%
6 Kotak Mahindra Bank 917.25 90.42% 9.58% 0.00% 2.27 1.20%
7 Canara Bank 876.59 91.88% 7.97% 0.14% 3.12 78.87%
8 Axis Bank Ltd. 837.82 93.69% 6.30% 0.01% 1.93 93.94%
9 ICICI Bank Ltd. 697.48 95.29% 4.68% 0.03% 1.59 91.28%
10 Indian Bank 581.43 91.50% 8.50% 0.00% 1.57 89.24%
11 Bank Of India 578.05 91.29% 7.79% 0.92% 3.05 62.65%
12 Airtel Payments Bank Limited 567.67 83.13% 16.41% 0.46% 2.57 83.11%
13 India Post Payments Bank Limited 554.68 86.07% 13.73% 0.21% 2.35 82.42%
14 Indian Overseas Bank 288.12 92.05% 7.73% 0.22% 0.88 94.06%
15 Central Bank of India 260.39 85.82% 13.54% 0.64% 1.04 82.21%
16 UCO Bank 252.89 89.27% 10.40% 0.33% 1.00 83.06%
17 Federal Bank Ltd. 245.91 91.50% 8.49% 0.00% 0.54 95.94%
18 Fino Payments Bank Ltd. 209.14 86.54% 13.35% 0.10% 1.03 74.62%
19 Bank of Maharashtra 205.33 92.15% 7.80% 0.05% 0.64 84.29%
20 Indusind Bank Ltd. 199.26 88.17% 11.74% 0.10% 0.73 81.98%
21 IDBI Bank Ltd. 195.97 92.72% 7.12% 0.15% 0.71 84.92%
22 Yes Bank Ltd. 168.80 89.21% 10.76% 0.03% 0.35 83.34%
23 Karnataka Bank 137.30 89.51% 9.22% 1.27% 1.00 40.28%
24 IDFC Bank Ltd. 111.75 91.64% 8.35% 0.01% 0.30 86.21%
25 Tri O Tech Solutions Private Limited 99.59 100.00% 0.00% 0.00% - 0.00%
26 The Jammu & Kashmir Bank Limited 94.27 92.37% 6.58% 1.05% 0.94 26.83%
27 Karur Vysya Bank 87.89 92.36% 7.44% 0.20% 0.31 75.96%
28 Bandhan Bank limited 82.44 93.75% 5.62% 0.64% 0.42 85.31%
29 AU Small Finance Bank 73.95 87.39% 12.34% 0.27% 0.34 71.56%
30 The South Indian Bank Limited 66.92 94.08% 5.91% 0.01% 0.27 79.98%
31 Punjab and Sind Bank 54.50 90.17% 9.36% 0.47% 0.29 80.90%
32 City Union Bank 52.19 90.55% 9.18% 0.27% 0.13 91.66%
33 Ujjivan Small Finance Bank Limited 51.60 91.96% 7.09% 0.94% 0.32 52.76%
34 Tamilnad Mercantile Bank Limited 50.57 91.59% 8.27% 0.14% 0.23 56.26%
35 JIO Payments Bank Ltd 49.43 79.30% 20.13% 0.58% 0.36 79.43%
36 Baroda U.P. Bank 43.04 91.80% 6.80% 1.40% 0.37 45.96%
37 Kerala Gramin Bank 41.93 91.12% 7.68% 1.20% 0.28 70.10%
38 RBL Bank Ltd. 36.09 92.76% 6.80% 0.45% 0.14 75.67%
39 Telangana Grameena Bank 36.07 85.88% 12.91% 1.21% 0.32 64.78%
40 Maharashtra Gramin Bank 35.66 84.44% 12.84% 2.73% 0.26 56.69%
41 Karnataka Gramin Bank 34.52 86.08% 11.12% 2.80% 0.51 63.66%
42 Rajasthan Marudhara Gramin Bank 33.47 82.68% 17.01% 0.31% 0.19 81.33%
43 NSDL Payments Bank Limited 33.14 78.01% 20.66% 1.32% 0.24 68.58%
44 DBS Bank India Limited 31.44 91.81% 8.18% 0.01% 0.09 88.92%
45 ESAF Small Finance Bank Ltd 30.46 94.78% 5.17% 0.05% 0.11 89.71%
46 Equitas Small Finance Bank 30.39 90.12% 9.44% 0.44% 0.10 82.35%
47 Saraswat Co-operative Bank 28.81 94.13% 5.86% 0.00% 0.07 89.93%
48 Andhra Pragathi Grameena Bank 28.12 82.07% 12.71% 5.22% 0.64 50.54%
49 Standard Chartered Bank 27.01 94.52% 4.50% 0.97% 0.10 53.00%
50 Sarva Haryana Gramin Bank 23.95 93.23% 5.04% 1.73% 0.24 65.23%
UPI Top 50 Member Beneficiary Performance (April'25)
UPI Beneficiary Members - Top 50 Members (Apr'25)
Sr.No. UPI Beneficiary Members (Apr-2025) Total Volume (In Mn) Approved % BD% TD% Deemed Approved %
1 Yes Bank Ltd. 7,312.77 99.99% 0.01% 0.00% 0.00%
2 Axis Bank Ltd. 1,822.48 99.95% 0.05% 0.00% 0.01%
3 State Bank of India 1,767.09 99.26% 0.10% 0.64% 0.28%
4 HDFC Bank Ltd. 857.29 99.17% 0.81% 0.02% 0.12%
5 ICICI Bank Ltd. 565.73 99.64% 0.24% 0.12% 0.04%
6 Bank of Baroda 474.07 99.90% 0.07% 0.03% 0.07%
7 Union Bank of India 434.62 99.43% 0.10% 0.47% 0.15%
8 Airtel Payments Bank Limited 414.65 98.77% 0.97% 0.26% 0.12%
9 Punjab National Bank 407.55 99.28% 0.34% 0.39% 0.29%
10 Canara Bank 404.64 99.67% 0.14% 0.19% 0.06%
11 Federal Bank Ltd. 386.02 99.72% 0.19% 0.09% 0.00%
12 Kotak Mahindra Bank 345.82 98.92% 1.04% 0.04% 0.04%
13 Indian Bank 264.85 99.59% 0.32% 0.08% 0.08%
14 Bank Of India 243.98 97.89% 1.14% 0.97% 0.31%
15 India Post Payments Bank Limited 241.01 97.74% 1.29% 0.98% 0.13%
16 Indusind Bank Ltd. 177.35 99.48% 0.33% 0.20% 0.11%
17 Indian Overseas Bank 140.85 99.31% 0.56% 0.13% 0.22%
18 Central Bank of India 117.91 98.85% 0.50% 0.65% 0.17%
19 UCO Bank 105.71 99.00% 0.61% 0.39% 0.05%
20 IDBI Bank Ltd. 98.27 99.62% 0.25% 0.13% 0.06%
21 Fino Payments Bank Ltd. 98.00 96.03% 3.61% 0.37% 0.10%
22 Bank of Maharashtra 89.10 99.44% 0.43% 0.13% 0.05%
23 RBL Bank Ltd. 85.03 99.77% 0.08% 0.15% 0.07%
24 Karnataka Bank 68.10 98.10% 0.36% 1.54% 0.45%
25 Unity Small Finance Bank Limited 56.73 99.98% 0.01% 0.01% 0.03%
26 One Mobikwik Systems Limited 51.12 99.96% 0.00% 0.04% 0.00%
27 The Jammu & Kashmir Bank Limited 51.05 99.41% 0.37% 0.21% 0.54%
28 Bandhan Bank limited 47.15 98.66% 0.52% 0.83% 0.14%
29 IDFC Bank Ltd. 45.76 98.54% 1.37% 0.10% 0.03%
30 Tri O Tech Solutions Private Limited 45.31 99.09% 0.91% 0.00% 0.00%
31 NSDL Payments Bank Limited 45.21 99.28% 0.35% 0.37% 0.34%
32 Karur Vysya Bank 42.11 99.45% 0.25% 0.30% 0.08%
33 The South Indian Bank Limited 40.60 99.81% 0.16% 0.03% 0.02%
34 Tamilnad Mercantile Bank Limited 37.32 99.73% 0.08% 0.19% 0.13%
35 AU Small Finance Bank 32.90 99.22% 0.53% 0.25% 0.12%
36 City Union Bank 30.69 98.66% 1.01% 0.34% 0.05%
37 JIO Payments Bank Ltd 28.39 99.22% 0.48% 0.31% 0.17%
38 Punjab and Sind Bank 25.15 96.48% 2.56% 0.96% 0.11%
39 Ujjivan Small Finance Bank Limited 24.91 99.07% 0.24% 0.69% 0.42%
40 Kerala Gramin Bank 23.54 98.46% 0.23% 1.31% 0.44%
41 Baroda U.P. Bank 20.22 98.86% 0.26% 0.87% 0.36%
42 Suryoday Small Finance Bank Limited 19.78 98.43% 1.18% 0.40% 0.26%
43 Citi Bank 18.28 99.49% 0.33% 0.17% 0.03%
44 Telangana Grameena Bank 16.35 98.83% 0.48% 0.69% 0.22%
45 Karnataka Gramin Bank 15.41 97.07% 0.24% 2.69% 1.08%
46 Maharashtra Gramin Bank 14.94 97.95% 0.11% 1.94% 0.14%
47 Equitas Small Finance Bank 13.79 97.44% 1.89% 0.66% 0.05%
48 ESAF Small Finance Bank Ltd 13.73 99.53% 0.30% 0.17% 0.03%
49 Andhra Pragathi Grameena Bank 13.36 94.59% 0.65% 4.76% 0.41%
50 Rajasthan Marudhara Gramin Bank 12.86 96.74% 2.97% 0.29% 0.05%

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 (Apr'25)
UPI Apps (Apr'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 # 8,362.31 12,05,047.30 0.00 0.00 0.00 0.00 8,362.31 12,05,047.30
2 Google Pay # 6,488.55 8,42,628.56 0.00 0.00 0.00 0.00 6,488.55 8,42,628.56
3 Paytm # 1,210.24 1,31,153.97 0.00 0.00 0.00 0.00 1,210.24 1,31,153.97
4 Navi # 344.21 18,841.19 0.00 0.00 0.00 0.00 344.21 18,841.19
5 super.money # 175.24 5,924.95 0.00 0.00 0.00 0.00 175.24 5,924.95
6 Cred # 134.67 49,753.00 0.00 0.00 0.00 0.00 134.67 49,753.00
7 Axis Bank Apps 22.18 5,281.10 97.85 3,863.71 0.01 2.83 120.05 9,147.64
8 FamApp by Trio # 99.91 1,241.80 0.00 0.00 0.00 0.00 99.91 1,241.80
9 Amazon Pay # 98.26 9,966.68 0.00 0.00 0.00 0.00 98.26 9,966.68
10 Whatsapp # 67.40 5,065.44 0.00 0.00 0.00 0.00 67.40 5,065.44
11 ICICI Bank Apps 55.89 14,360.28 0.01 12.53 2.21 1,851.16 58.11 16,223.97
12 Kotak Mahindra Bank Apps 57.73 7,681.65 0.00 0.00 0.00 0.00 57.73 7,681.65
13 HDFC Bank Apps 44.47 11,941.31 12.98 5.21 0.01 1.23 57.46 11,947.75
14 BHIM # 53.57 10,363.27 0.00 0.00 0.00 0.00 53.57 10,363.27
15 Yes Bank Apps 47.98 9,039.54 0.00 0.00 0.32 19.73 48.30 9,059.27
16 Mobikwik # 31.70 4,277.05 0.00 0.00 0.00 0.00 31.70 4,277.05
17 Airtel Payments Bank Apps 20.40 1,416.38 0.00 0.01 0.00 0.00 20.40 1,416.39
18 Slice # 17.81 2,119.99 0.00 0.00 0.00 0.02 17.81 2,120.01
19 IDFC Bank Apps 16.01 2,430.68 0.05 4.34 0.03 0.22 16.09 2,435.24
20 India Post Payments Bank Apps 14.76 1,738.65 0.00 0.00 0.00 0.00 14.76 1,738.65
21 RBL Bank Apps 13.90 1,630.61 0.00 0.14 0.19 22.38 14.09 1,653.13
22 State Bank of India Apps 13.16 3,524.25 0.00 0.00 0.00 0.00 13.16 3,524.25
23 Groww # 12.37 8,788.46 0.00 0.00 0.00 0.00 12.37 8,788.46
24 Pop Club # 10.38 445.95 0.00 0.00 0.00 0.00 10.38 445.95
25 Bajaj Finserv # 10.25 2,002.37 0.00 0.00 0.00 0.00 10.25 2,002.37
26 Samsung Pay # 8.72 619.96 0.00 0.00 0.00 0.00 8.72 619.96
27 Jupiter Money # 6.15 900.17 0.00 0.00 0.00 0.00 6.15 900.17
28 Federal Bank Apps 4.89 894.05 0.00 0.00 0.00 0.00 4.89 894.05
29 Jio Payments Bank Apps 4.21 315.88 0.00 0.00 0.00 0.00 4.21 315.88
30 Canara Bank Apps 3.71 970.18 0.00 0.00 0.00 0.00 3.71 970.18
31 Deutsche Bank Apps 3.55 647.31 0.00 0.00 0.00 0.11 3.56 647.42
32 Flipkart UPI # 3.47 195.89 0.00 0.00 0.00 0.00 3.47 195.89
33 Punjab National Bank Apps 3.40 912.54 0.00 0.00 0.00 0.00 3.40 912.54
34 Timepay # 3.12 40.66 0.00 0.00 0.00 0.00 3.12 40.66
35 Fi Money # 3.01 396.69 0.00 0.00 0.00 0.00 3.01 396.69
36 Kiwi # 2.41 297.79 0.00 0.00 0.00 0.00 2.41 297.79
37 IndusInd Bank Apps 2.17 345.61 0.00 0.00 0.00 0.00 2.17 345.61
38 Jammu and Kashmir Bank Apps 2.11 281.40 0.00 0.00 0.00 0.00 2.11 281.40
39 Shri Ram One # 2.09 137.77 0.00 0.00 0.00 0.00 2.09 137.77
40 Bank of Baroda Apps 1.90 567.22 0.00 0.00 0.00 0.00 1.90 567.22
41 Standard Chartered Bank Apps 1.72 153.33 0.00 0.00 0.18 5.07 1.90 158.39
42 Omni Card 1.57 84.95 0.00 0.00 0.00 0.00 1.57 84.95
43 Central Bank of India Apps 1.54 263.72 0.00 0.00 0.00 0.00 1.54 263.72
44 DBS Digibank Apps 1.09 211.67 0.00 0.00 0.01 1.70 1.10 213.38
45 Ind Money # 1.05 541.53 0.00 0.00 0.00 0.00 1.05 541.53
46 HSBC Bank Apps 0.87 106.65 0.01 0.37 0.00 0.11 0.88 107.13
47 Digikhata 0.80 254.47 0.00 0.00 0.00 0.00 0.80 254.47
48 Bharat Pe # 0.78 59.59 0.00 0.00 0.00 0.00 0.78 59.59
49 Suryoday Bank Apps 0.73 130.27 0.00 0.00 0.01 5.30 0.75 135.57
50 One Card # 0.74 842.35 0.00 0.00 0.00 0.00 0.74 842.35
51 Union Bank Apps 0.72 243.46 0.00 0.00 0.00 0.00 0.72 243.46
52 Indian Bank Apps 0.70 186.42 0.00 0.00 0.00 0.00 0.70 186.42
53 South Indian Bank Apps 0.68 200.19 0.00 0.00 0.00 0.00 0.68 200.19
54 Aditya Birla Capital Digital # 0.63 32.69 0.00 0.00 0.00 0.00 0.63 32.69
55 AU Small Finance Bank Apps 0.57 178.31 0.00 0.00 0.00 0.00 0.57 178.31
56 Fino Payments Bank Apps 0.51 54.60 0.00 0.00 0.00 0.00 0.51 54.60
57 UCO Bank Apps 0.46 116.70 0.00 0.00 0.00 0.00 0.46 116.70
58 ESAF Small Finance Bank Apps 0.44 52.11 0.00 0.00 0.00 0.00 0.44 52.11
59 Tata Neu # 0.39 118.54 0.00 0.00 0.00 0.00 0.39 118.54
60 Salary Se # 0.37 17.58 0.00 0.00 0.00 0.00 0.37 17.58
61 Bank of India Apps 0.30 90.46 0.00 0.00 0.00 0.00 0.30 90.46
62 Indian Overseas Bank Apps 0.27 63.56 0.00 0.00 0.00 0.00 0.27 63.56
63 Karnataka Bank Apps 0.24 58.02 0.00 0.00 0.00 0.00 0.24 58.02
64 Money View # 0.23 25.72 0.00 0.00 0.00 0.00 0.23 25.72
65 Kredit.Pe # 0.22 28.84 0.00 0.00 0.00 0.00 0.22 28.84
66 Spice Money 0.17 12.63 0.00 0.00 0.00 0.00 0.17 12.63
67 Dhani 0.16 7.15 0.00 0.00 0.00 0.00 0.16 7.15
68 Rapipay 0.15 16.93 0.00 0.00 0.00 0.00 0.15 16.93
69 IDBI Bank Apps 0.13 47.44 0.00 0.00 0.00 0.00 0.13 47.44
70 Niyo Global # 0.11 58.73 0.00 0.00 0.00 0.00 0.11 58.73
71 Ultracash # 0.10 8.26 0.00 0.00 0.00 0.00 0.10 8.26
72 Karur Vysya Bank Apps 0.09 33.47 0.00 0.00 0.00 0.00 0.09 33.47
73 True Balance 0.09 3.02 0.00 0.00 0.00 0.00 0.09 3.02
74 Tamilnad Mercantile Bank Apps 0.09 31.21 0.00 0.00 0.00 0.00 0.09 31.21
75 City Union Bank Apps 0.08 29.30 0.00 0.00 0.00 0.00 0.08 29.30
76 Genwise # 0.07 27.48 0.00 0.00 0.00 0.00 0.07 27.48
77 NSDL Payments Bank Apps 0.06 6.78 0.00 0.00 0.00 0.00 0.06 6.78
78 Freo # 0.04 2.60 0.00 0.00 0.00 0.00 0.04 2.60
79 Obopay 0.04 4.79 0.00 0.00 0.00 0.00 0.04 4.79
80 Unity Small Finance Bank Apps 0.03 6.73 0.00 0.00 0.00 0.00 0.03 6.73
81 Punjab Sind Bank Apps 0.03 9.50 0.00 0.00 0.00 0.00 0.03 9.50
82 Cheq 0.02 1.72 0.00 0.00 0.00 0.00 0.02 1.72
83 Bank of Maharashtra Apps 0.02 6.66 0.00 0.00 0.00 0.00 0.02 6.66
84 Others 1.75 210.85 0.00 0.00 0.13 6.06 1.88 216.91

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)
Apr-25 17,893.42 23,94,925.87 6,539.82 17,31,364.08 11,353.60 6,63,561.79

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 (April'25)
Sr. No. Payer PSP Total Volume (In Mn) Approved % BD % TD %
1 Axis Bank Ltd. 6,387.98 91.79% 7.91% 0.31%
2 Yes Bank Ltd. 5,989.77 89.60% 10.23% 0.16%
3 ICICI Bank Ltd. 3,331.43 90.40% 9.35% 0.26%
4 HDFC Bank Ltd. 1,914.70 93.35% 6.52% 0.13%
5 State Bank of India 1,570.86 94.50% 5.21% 0.29%
6 Tri O Tech Solutions Private Limited 99.59 100.00% 0.00% 0.00%
7 BHIM 63.18 94.12% 5.46% 0.42%
8 Kotak Mahindra Bank 58.08 100.00% 0.00% 0.00%
9 RBL Bank Ltd. 22.69 97.91% 1.97% 0.12%
10 Airtel Payments Bank Limited 21.16 96.47% 3.40% 0.13%
11 North East Small Finance Bank Ltd 17.86 97.11% 2.79% 0.11%
12 IDFC Bank Ltd. 17.05 99.80% 0.20% 0.01%
13 India Post Payments Bank Limited 14.76 100.00% 0.00% 0.00%
14 One Mobikwik Systems Limited 12.70 100.00% 0.00% 0.00%
15 Federal Bank Ltd. 8.17 98.76% 1.17% 0.08%
UPI Payee PSP Performance
UPI Payee PSP Performance (April'25)
Sr. No. Payee PSP Total Volume (In Mn) Approved % BD % TD %
1 Yes Bank Ltd. 10,184.32 88.91% 10.88% 0.21%
2 Axis Bank Ltd. 3,608.52 94.00% 5.78% 0.22%
3 ICICI Bank Ltd. 1,611.80 93.51% 6.19% 0.29%
4 HDFC Bank Ltd. 1,181.26 93.49% 6.24% 0.27%
5 State Bank of India 1,105.53 94.58% 5.07% 0.34%
6 Federal Bank Ltd. 317.93 96.26% 3.55% 0.20%
7 Airtel Payments Bank Limited 189.83 94.22% 5.58% 0.20%
8 Indusind Bank Ltd. 120.67 93.10% 6.63% 0.26%
9 Canara Bank 86.72 96.67% 3.12% 0.21%
10 RBL Bank Ltd. 86.75 92.48% 7.31% 0.21%
11 Kotak Mahindra Bank 77.92 94.52% 5.28% 0.20%
12 Unity Small Finance Bank Limited 58.99 96.44% 3.41% 0.15%
13 One Mobikwik Systems Limited 52.96 96.43% 3.40% 0.16%
14 Tri O Tech Solutions Private Limited 48.02 93.23% 6.50% 0.28%
15 NSDL Payments Bank Limited 39.53 92.21% 7.66% 0.13%

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 - Apr 25
UPI Merchant Category-wise Classification - Apr'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
5451 Dairies
Medium Transacting Categories 4900 Utilities electric, gas, water and sanitary
7322 Debt collection agencies
5921 Package shops beer, wine and liquor
7407 P2PM CHANGES
5441 Candy, nut and confectionery shops
9399 Government services not elsewhere classified
5813 Drinking places (alcoholic beverages) bars, taverns, night-clubs
5422 Freezer and locker meat provisioners
5732 Electronics shops
5691 Mens and womens clothing shops
All Other Categories 5262 Online Marketplaces
7622 Electronics repair shops
7230 Beauty and barber shops
5137 Mens, womens and childrens uniforms and commercial clothing
4112 Passenger railways
5412 Purchase of digital gold
5311 Department stores
4121 Taxi-cabs and limousines
5331 Variety stores
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
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