GO

UPI Ecosystem Statistics

Filter:

UPI Top 30 Banks Performance (December'20)
UPI Remitter Banks - Top 30 Banks (December'20)
Sr. No. UPI Remitter Banks Total Volume (In Mn) Approved % BD % TD % Total Debit Reversal Count (In Mn) Debit Reversal Success %
1 State Bank Of India 641.62 84.83% 6.21% 8.96% 23.27 80.14%
2 HDFC BANK LTD 198.89 94.86% 4.59% 0.55% 2.31 95.95%
3 Axis Bank Ltd. 189.24 96.53% 3.15% 0.32% 1.33 77.68%
4 ICICI Bank 150.54 94.26% 4.90% 0.85% 1.77 76.34%
5 Paytm Payments Bank 147.56 91.57% 8.40% 0.03% 1.36 99.14%
6 Bank of Baroda 116.17 90.92% 7.97% 1.11% 1.54 91.52%
7 Punjab National Bank 107.95 88.78% 10.30% 0.92% 2.08 63.13%
8 Union Bank of India 80.60 81.37% 7.88% 10.75% 3.90 33.69%
9 Bank of India 78.57 91.40% 6.66% 1.94% 1.99 46.17%
10 Kotak Mahindra Bank 73.67 93.16% 6.29% 0.55% 0.81 97.27%
11 Canara Bank 70.49 88.32% 11.52% 0.16% 0.76 96.95%
12 Andhra Bank 62.89 93.37% 5.61% 1.01% 1.17 73.78%
13 Central Bank Of India 48.68 91.02% 8.38% 0.60% 0.81 87.90%
14 Indian Bank 46.22 85.90% 11.22% 2.87% 1.18 35.70%
15 IDBI Bank Limited 34.93 93.71% 5.95% 0.34% 0.49 94.35%
16 Syndicate Bank 33.58 91.65% 6.64% 1.71% 0.74 86.78%
17 Yes Bank Ltd 29.27 94.81% 4.64% 0.55% 0.18 77.38%
18 Bank of Maharashtra 28.88 90.86% 8.09% 1.05% 0.31 81.96%
19 Indian Overseas Bank 26.12 89.73% 8.60% 1.66% 0.49 91.33%
20 Karnataka Bank 24.69 87.79% 10.85% 1.36% 0.38 58.60%
21 Airtel Payments Bank 23.96 86.90% 12.73% 0.37% 0.26 95.38%
22 Federal Bank 23.79 92.80% 4.97% 2.23% 0.61 91.40%
23 UCO Bank 22.99 88.73% 10.42% 0.85% 0.37 75.61%
24 Allahabad Bank 18.76 83.52% 13.95% 2.54% 0.44 52.77%
25 INDUSIND BANK 18.08 93.66% 6.28% 0.06% 0.18 98.55%
26 Karur Vysya Bank 14.16 87.53% 10.67% 1.80% 0.28 74.03%
27 IDFC FIRST Bank 11.02 91.32% 8.49% 0.19% 0.11 89.13%
28 Citibank 10.43 93.84% 3.87% 2.30% 0.11 76.86%
29 DBS Bank India Limited 9.74 95.18% 4.74% 0.08% 0.08 91.51%
30 United Bank of India 9.47 82.92% 12.53% 4.55% 0.53 64.25%
UPI Top 30 Banks Performance (December'20)
UPI Beneficiary Banks - Top 30 Banks (December'20)
Sr.No. UPI Beneficiary Banks Total Volume (In Mn) Approved % BD% TD% Deemed Approved %
1 State Bank Of India 350.44 89.74% 0.60% 9.08% 0.58%
2 Paytm Payments Bank 338.64 99.16% 0.81% 0.03% 0.00%
3 Yes Bank Ltd 259.38 99.78% 0.12% 0.06% 0.04%
4 ICICI Bank 255.64 98.52% 0.51% 0.80% 0.16%
5 Axis Bank Ltd. 201.99 99.34% 0.38% 0.11% 0.17%
6 HDFC BANK LTD 133.06 97.77% 1.74% 0.40% 0.10%
7 Bank of Baroda 69.37 98.52% 0.79% 0.26% 0.43%
8 Punjab National Bank 60.92 97.78% 1.43% 0.72% 0.07%
9 Kotak Mahindra Bank 49.01 97.70% 1.93% 0.20% 0.17%
10 Bank of India 47.54 97.75% 0.95% 0.50% 0.80%
11 Union Bank of India 46.29 91.92% 1.66% 4.83% 1.59%
12 Canara Bank 46.14 98.57% 1.10% 0.19% 0.14%
13 Federal Bank 44.61 99.57% 0.15% 0.23% 0.05%
14 Andhra Bank 41.92 98.61% 0.55% 0.45% 0.39%
15 Central Bank Of India 29.16 98.40% 1.07% 0.10% 0.43%
16 Indian Bank 27.67 97.55% 0.56% 0.56% 1.33%
17 INDUSIND BANK 22.61 98.93% 0.78% 0.02% 0.26%
18 Syndicate Bank 22.24 96.88% 0.91% 2.08% 0.13%
19 IDBI Bank Limited 21.85 97.39% 2.38% 0.15% 0.09%
20 Airtel Payments Bank 21.68 97.36% 2.49% 0.10% 0.05%
21 Indian Overseas Bank 16.61 98.28% 0.96% 0.27% 0.49%
22 Bank of Maharashtra 16.38 98.70% 0.44% 0.67% 0.19%
23 Karnataka Bank 15.92 97.38% 1.48% 0.80% 0.34%
24 UCO Bank 14.48 97.31% 1.52% 0.89% 0.28%
25 Allahabad Bank 12.48 93.23% 1.96% 4.23% 0.58%
26 Karur Vysya Bank 10.57 97.44% 1.23% 0.99% 0.34%
27 IDFC FIRST Bank 7.51 97.70% 2.03% 0.20% 0.07%
28 CITI 7.20 99.90% 0.10% 0.00% 0.00%
29 South Indian Bank 6.67 97.73% 1.94% 0.24% 0.08%
30 United Bank of India 6.06 90.40% 7.51% 1.63% 0.45%

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 (December'20)
UPI Apps (December'20)
Sr.No. Application Name Customer Initiated Transactions B2C Transactions Total
Volume (Mn) Value (Cr) Volume (Mn) Value (Cr) Volume (Mn) Value (Cr)
1 PhonePe 902.03 182,126.88 - - 902.03 182,126.88
2 Google Pay 854.49 176,199.33 - - 854.49 176,199.33
3 Paytm Payments Bank App 256.36 31,291.83 4.73 7.95 261.09 31,299.78
4 Axis Bank Apps 5.39 553.68 86.77 90.82 92.15 644.50
5 Amazon Pay 40.53 3,508.93 - - 40.53 3,508.93
6 BHIM 24.80 7,748.29 - - 24.80 7,748.29
7 Yes Bank Apps 19.54 2,197.96 - - 19.54 2,197.96
8 ICICI Bank Apps 8.58 2,846.03 4.34 133.50 12.92 2,979.53
9 State Bank of India Apps 3.88 2,215.86 - - 3.88 2,215.86
10 Cred 3.61 3,793.32 - - 3.61 3,793.32
11 Airtel Payments Bank Apps 3.44 361.00 - - 3.44 361.00
12 Kotak Mahindra Bank Apps 1.89 350.18 - - 1.89 350.18
13 Mobikwik 1.84 255.96 - - 1.84 255.96
14 Samsung Pay 1.61 328.52 - - 1.61 328.52
15 IndusInd Bank App 1.36 287.56 - - 1.36 287.56
16 HDFC Bank Apps 1.35 260.60 - - 1.35 260.60
17 Freecharge 1.00 59.90 - - 1.00 59.90
18 India Post Payments Bank App 0.84 95.45 - - 0.84 95.45
19 WhatsApp 0.81 29.72 - - 0.81 29.72
20 Bank of Baroda Apps 0.62 247.80 - - 0.62 247.80
21 Ultracash 0.60 108.06 - - 0.60 108.06
22 DBS Digibank App 0.54 182.87 - - 0.54 182.87
23 Deutsche Bank App 0.51 47.46 - - 0.51 47.46
24 MI Pay 0.48 70.66 - - 0.48 70.66
25 Jio Payments Bank App 0.45 26.97 - - 0.45 26.97
26 Union Bank Apps 0.18 86.58 - - 0.18 86.58
27 Cointab 0.14 43.56 - - 0.14 43.56
28 MakeMy Trip 0.12 47.76 - - 0.12 47.76
29 RBL Bank App 0.12 47.60 - - 0.12 47.60
30 Federal Bank App 0.11 23.73 - - 0.11 23.73
31 Truecaller 0.11 24.42 - - 0.11 24.42
32 Punjab National Bank App 0.10 55.83 - - 0.10 55.83
33 Central Bank of India App 0.10 38.51 - - 0.10 38.51
34 Citi Bank App 0.09 63.23 - - 0.09 63.23
35 Canara Bank App 0.08 40.22 - - 0.08 40.22
36 Allahabad Bank App 0.07 17.94 - - 0.07 17.94
37 IDFC Bank App 0.07 35.29 - - 0.07 35.29
38 HSBC Bank App 0.05 41.09 0.00007 0.03 0.05 41.12
39 Karnataka Bank App 0.05 12.75 - - 0.05 12.75
40 South Indian Bank App 0.05 19.81 - - 0.05 19.81
41 Standard Chartered Bank App 0.04 25.07 - - 0.04 25.07
42 UCO Bank App 0.03 11.43 - - 0.03 11.43
43 Karur Vysya Bank App 0.03 13.66 - - 0.03 13.66
44 Andhra Bank App 0.03 20.58 - - 0.03 20.58
45 Bank of Maharashtra App 0.02 6.32 - - 0.02 6.32
46 Khalijeb 0.02 3.39 - - 0.02 3.39
47 IDBI Bank App 0.02 7.78 - - 0.02 7.78
48 Dena Bank App 0.02 21.00 - - 0.02 21.00
49 Indian Bank App 0.02 5.78 - - 0.02 5.78
50 United Bank of India App 0.01 6.22 - - 0.01 6.22
51 RealMe 0.01 1.97 - - 0.01 1.97
52 AU Small Finance Bank App 0.01 5.91 - - 0.01 5.91
53 Fino Payments bank App 0.01 1.05 - - 0.01 1.05
54 Bajaj Finserv 0.01 0.92 - - 0.01 0.92
55 Punjab Sind Bank App 0.01 2.92 - - 0.01 2.92
56 Janta Sahakari Bank App 0.01 5.29 - - 0.01 5.29
57 Other Apps 0.03 11.51 - - 0.03 11.51

Note:-

  • App volume in table is basis the Payer App logic, i.e the financial transaction is been attributed to the PSP in UPI on the Payer’s side.
  • All B2C (Business to Customer) transactions is been included in respective PSP bank of the Application.
  • Apps whose volume is less than 10,000 is included in ‘Other Apps’.
  • BHIM Volume is inclusive of *99# volume.
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)
Dec-20 2,234.16 4,16,176.21 1,283.71 3,48,006.06 950.45 68,170.15