Unified Payments Interface (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
Sr.No.	Application Name	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
Month	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

UPI Top 50 Banks Performance (Oct'22)

UPI Remitter Banks - Top 50 Banks (Oct'22)
Sr. No.	UPI Remitter Banks (Oct-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,972.78	92.21%	6.59%	1.19%	8.78	94.48%
2	HDFC Bank Ltd	660.29	94.45%	5.34%	0.22%	0.97	96.96%
3	Bank of Baroda	478.92	93.37%	6.32%	0.30%	0.96	96.10%
4	Union Bank of India	446.71	91.40%	7.44%	1.16%	0.73	73.30%
5	ICICI Bank	401.27	94.75%	4.76%	0.49%	0.91	90.59%
6	Axis Bank Ltd	371.17	95.68%	4.28%	0.05%	0.93	92.66%
7	Paytm Payments Bank	362.51	95.98%	4.00%	0.02%	0.98	98.24%
8	Punjab National Bank	333.94	93.61%	5.71%	0.68%	0.82	82.38%
9	Kotak Mahindra Bank	325.73	93.70%	6.13%	0.17%	0.79	79.42%
10	Canara Bank	323.12	93.44%	6.40%	0.16%	0.92	91.97%
11	Bank of India	252.93	94.31%	4.62%	1.07%	0.71	70.67%
12	Indian Bank	185.22	93.46%	5.58%	0.96%	0.80	80.19%
13	Airtel Payments Bank	140.51	77.77%	17.18%	5.05%	0.72	71.61%
14	Central Bank Of India	119.96	86.20%	9.42%	4.38%	0.34	33.63%
15	Federal Bank	118.98	94.60%	5.22%	0.18%	0.97	96.56%
16	India Post Payment Bank	114.22	81.27%	16.10%	2.63%	0.81	80.98%
17	IDBI Bank Limited	97.92	94.71%	4.09%	1.20%	0.84	83.61%
18	Indian Overseas Bank	94.16	93.87%	5.20%	0.93%	0.96	95.92%
19	Yes Bank Ltd	92.51	96.21%	3.62%	0.17%	0.00	0.00%
20	Bank of Maharashtra	88.07	93.60%	5.14%	1.25%	0.91	90.59%
21	UCO Bank	82.78	92.09%	6.14%	1.76%	0.47	46.95%
22	IndusInd Bank	67.00	93.82%	5.82%	0.36%	0.94	93.75%
23	Karnataka Bank	62.54	87.04%	7.32%	5.63%	0.29	29.23%
24	IDFC FIRST Bank	55.62	91.05%	5.26%	3.68%	0.47	46.81%
25	Fino Payments Bank	54.25	82.71%	15.11%	2.18%	0.74	73.71%
26	Karur Vysya Bank	40.45	92.21%	7.44%	0.35%	0.97	96.94%
27	South Indian Bank	30.59	93.64%	6.22%	0.14%	0.96	96.12%
28	Bandhan Bank	30.23	90.43%	7.22%	2.35%	0.92	92.03%
29	City Union Bank	22.20	92.56%	6.56%	0.88%	0.91	90.99%
30	Equitas Small Finance Bank	22.13	81.26%	13.91%	4.83%	0.45	44.77%
31	Ujjivan Small Finance Bank	19.94	88.35%	6.67%	4.98%	0.59	59.24%
32	Jammu and Kashmir Bank	19.69	90.14%	6.73%	3.14%	0.76	75.74%
33	AU small Finance Bank	19.57	93.32%	6.25%	0.42%	0.80	79.90%
34	Punjab and Sind Bank	18.58	78.83%	14.05%	7.13%	0.22	22.27%
35	Citibank	18.52	95.42%	4.20%	0.38%	0.98	97.54%
36	Tamilnad Mercantile Bank	18.51	91.96%	7.68%	0.36%	0.74	74.23%
37	Standard Chartered	18.42	95.89%	2.74%	1.37%	0.95	94.98%
38	DBS Bank Ltd	17.23	94.46%	4.79%	0.75%	0.96	96.03%
39	Maharashtra Gramin Bank	17.07	61.62%	28.36%	10.03%	0.20	19.53%
40	Andhra Pradesh Grameena Vikas Bank	15.18	77.12%	16.65%	6.23%	0.19	19.43%
41	Pragathi Krishna Gramin Bank	15.16	86.80%	12.30%	0.90%	0.84	84.10%
42	Saraswat Bank	15.11	95.46%	4.00%	0.54%	0.83	82.85%
43	Rajasthan Marudhara Gramin Bank	12.45	71.92%	12.81%	15.27%	0.09	8.64%
44	Kerala Gramin Bank	11.85	88.50%	11.14%	0.36%	0.95	95.24%
45	ESAF Small Finance Bank Ltd.	10.85	89.61%	8.71%	1.68%	0.87	87.40%
46	Andhra Pragathi Grameena Bank	10.11	73.28%	16.67%	10.04%	0.43	43.37%
47	RBL Bank	9.75	91.83%	7.37%	0.80%	0.89	88.71%
48	Sarva Haryana Gramin Bank	9.22	86.58%	9.20%	4.22%	0.85	85.18%
49	Baroda Rajasthan Kshetriya Gramin Bank	7.84	81.13%	10.56%	8.32%	0.28	27.94%
50	Baroda UP Gramin Bank	7.82	84.01%	10.99%	5.01%	0.46	46.32%

UPI Top 50 Banks Performance (Oct'22)

UPI Beneficiary Banks - Top 50 Banks (Oct'22)
Sr.No.	UPI Beneficiary Banks (Oct-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1,614.03	99.67%	0.33%	0.01%	0.00%
2	Yes Bank Ltd	1,219.77	99.79%	0.03%	0.13%	0.05%
3	State Bank Of India	889.56	98.90%	0.23%	0.81%	0.05%
4	Axis Bank Ltd	542.37	99.89%	0.09%	0.01%	0.01%
5	ICICI Bank	492.94	99.32%	0.34%	0.26%	0.08%
6	HDFC Bank Ltd	373.70	99.20%	0.66%	0.10%	0.04%
7	Bank of Baroda	240.33	99.39%	0.26%	0.28%	0.07%
8	Union Bank of India	227.13	98.72%	0.28%	0.82%	0.18%
9	Canara Bank	172.30	99.48%	0.40%	0.06%	0.05%
10	Punjab National Bank	167.71	98.57%	0.57%	0.52%	0.34%
11	Federal Bank	165.64	99.61%	0.30%	0.08%	0.01%
12	Kotak Mahindra Bank	154.56	99.26%	0.62%	0.07%	0.05%
13	Bank of India	134.01	98.83%	0.26%	0.76%	0.15%
14	Indian Bank	92.72	98.59%	0.37%	0.79%	0.25%
15	Airtel Payments Bank	83.12	94.81%	0.47%	3.55%	1.17%
16	IndusInd Bank	63.42	99.09%	0.45%	0.29%	0.17%
17	Central Bank Of India	62.34	95.82%	0.62%	2.62%	0.94%
18	India Post Payment Bank	54.32	96.43%	0.98%	2.37%	0.22%
19	IDBI Bank Limited	50.52	98.82%	0.43%	0.49%	0.26%
20	Indian Overseas Bank	49.89	99.04%	0.28%	0.42%	0.26%
21	UCO Bank	44.71	97.88%	0.70%	1.05%	0.37%
22	Bank of Maharashtra	39.90	98.36%	0.29%	1.17%	0.18%
23	IDFC FIRST Bank	36.93	93.33%	1.04%	5.01%	0.62%
24	Karnataka Bank	30.03	94.35%	0.70%	4.14%	0.82%
25	Karur Vysya Bank	25.04	99.21%	0.60%	0.15%	0.04%
26	South Indian Bank	20.80	99.25%	0.65%	0.09%	0.01%
27	Bandhan Bank	19.75	96.79%	0.39%	2.74%	0.08%
28	Fino Payments Bank	19.50	96.03%	2.29%	1.30%	0.38%
29	AU small Finance Bank	16.05	97.86%	1.70%	0.25%	0.19%
30	Citibank	2.54	97.38%	1.97%	0.42%	0.23%
31	City Union Bank	12.82	98.45%	0.89%	0.57%	0.09%
32	Tamilnad Mercantile Bank	11.70	99.39%	0.27%	0.30%	0.04%
33	Ujjivan Small Finance Bank	11.20	94.52%	0.28%	4.91%	0.29%
34	Equitas Small Finance Bank	10.73	94.69%	1.71%	2.93%	0.67%
35	Pragathi Krishna Gramin Bank	8.76	98.92%	0.46%	0.34%	0.28%
36	Punjab and Sind Bank	8.71	92.64%	0.23%	5.73%	1.40%
37	YES Bank - Amazon pay	7.97	100.00%	0.00%	0.00%	0.00%
38	Jammu and Kashmir Bank	8.13	96.36%	0.62%	2.89%	0.13%
39	Kerala Gramin Bank	7.72	99.06%	0.67%	0.11%	0.16%
40	Andhra Pradesh Grameena Vikas Bank	7.59	93.00%	2.66%	3.02%	1.32%
41	DBS Bank Ltd	6.82	97.40%	1.37%	0.97%	0.25%
42	Maharashtra Gramin Bank	7.43	86.96%	4.39%	7.12%	1.53%
43	ESAF Small Finance Bank Ltd.	6.42	99.13%	0.22%	0.58%	0.07%
44	Saraswat Bank	6.20	99.25%	0.20%	0.50%	0.05%
45	Rajasthan Marudhara Gramin Bank	6.42	89.36%	0.39%	8.43%	1.82%
46	RBL Bank	5.95	98.14%	1.33%	0.46%	0.07%
47	Baroda UP Gramin Bank	5.63	92.88%	2.36%	4.19%	0.58%
48	Andhra Pragathi Grameena Bank	5.56	89.78%	1.62%	7.08%	1.52%
49	Sarva Haryana Gramin Bank	5.15	84.50%	0.42%	14.93%	0.14%
50	Baroda Rajasthan Kshetriya Gramin Bank	4.60	90.68%	2.05%	6.45%	0.82%

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 (Oct'22)

UPI Apps (Oct'22)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	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	9.44	775.04	-	-	0.00	0.00	0.00	0.14	9.44	775.19
2	Allahabad Bank Apps	0.03	9.33	-	-	-	-	-	-	0.03	9.33
3	Amazon Pay	56.42	6,060.50	-	-	-	-	-	-	56.42	6,060.50
4	AU Small Finance Bank Apps	0.54	161.99	-	-	-	-	-	-	0.54	161.99
5	Axis Bank Apps	7.83	1,502.28	52.13	51.48	0.03	2.09	-	-	59.99	1,555.84
6	Bajaj Finserv	4.12	472.71	-	-	-	-	-	-	4.12	472.71
7	Bank of Baroda Apps	1.23	466.23	-	-	0.00	0.00	-	-	1.23	466.23
8	Bank of India Apps	0.20	59.97	-	-	-	-	-	-	0.20	59.97
9	Bank of Maharashtra Apps	0.07	20.10	-	-	-	-	-	-	0.07	20.10
10	BHIM	25.49	8,523.17	-	-	-	-	-	-	25.49	8,523.17
11	Canara Bank Apps	0.81	219.07	-	-	-	-	-	-	0.81	219.07
12	Central Bank of India Apps	0.30	71.64	-	-	0.00	0.02	-	-	0.30	71.66
13	Citi Bank Apps	0.09	66.83	-	-	0.00	0.00	-	-	0.09	66.83
14	City Union Bank Apps	0.04	12.85	-	-	-	-	-	-	0.04	12.85
15	Cointab	0.03	11.67	-	-	-	-	-	-	0.03	11.67
16	Cred	21.28	20,259.70	-	-	-	-	-	-	21.28	20,259.70
17	DBS Digibank Apps	0.43	179.26	-	-	0.00	0.00	-	-	0.43	179.26
18	Deutsche Bank Apps	1.25	111.93	-	-	0.00	0.01	-	-	1.26	111.93
19	Dhanlaxmi Bank Apps	0.01	3.21	-	-	-	-	-	-	0.01	3.21
20	Equitas Small Finance Bank Apps	0.02	8.28	-	-	-	-	-	-	0.02	8.28
21	Fampay PPI	4.06	56.79	-	-	0.00	0.01	-	-	4.06	56.79
22	Fave	0.04	2.53	-	-	-	-	-	-	0.04	2.53
23	Federal Bank Apps	4.19	574.92	-	-	0.00	0.00	-	-	4.19	574.92
24	Fino Payments bank Apps	0.09	6.46	-	-	-	-	-	-	0.09	6.46
25	GoIbibo	0.01	1.84	-	-	-	-	-	-	0.01	1.84
26	Google Pay	2,496.42	4,20,978.38	-	-	-	-	-	-	2,496.42	4,20,978.38
27	HDFC Bank Apps	11.96	2,997.27	-	-	0.00	0.03	-	-	11.96	2,997.29
28	HSBC Bank Apps	0.14	77.42	0.00	0.38	0.00	0.00	-	-	0.14	77.80
29	ICICI Bank Apps	31.22	8,073.99	5.04	381.41	5.34	6,074.12	-	-	41.61	14,529.52
30	IDBI Bank Apps	0.06	25.92	-	-	-	-	-	-	0.06	25.92
31	IDFC Bank Apps	9.98	888.44	-	-	0.00	0.00	-	-	9.98	888.45
32	India Post Payments Bank Apps	4.70	630.43	-	-	-	-	-	-	4.70	630.43
33	Indian Bank Apps	0.23	68.97	-	-	-	-	-	-	0.23	68.97
34	Indian Overseas Bank Apps	0.01	4.72	-	-	-	-	-	-	0.01	4.72
35	IndusInd Bank Apps	1.15	1,516.68	-	-	-	-	-	-	1.15	1,516.68
36	Janata Sahakari Bank Apps	0.01	4.80	-	-	-	-	-	-	0.01	4.80
37	Jio Payments Bank Apps	1.38	98.87	-	-	-	-	-	-	1.38	98.87
38	Jupiter	2.18	280.43	-	-	-	-	-	-	2.18	280.43
39	Karnataka Bank Apps	0.43	76.62	-	-	-	-	-	-	0.43	76.62
40	Karur Vysya Bank Apps	0.04	17.62	-	-	-	-	-	-	0.04	17.62
41	Kotak Mahindra Bank Apps	11.46	2,426.65	-	-	0.00	0.00	-	-	11.46	2,426.65
42	MakeMyTrip	0.07	31.85	-	-	-	-	-	-	0.07	31.85
43	Mobikwik	3.28	708.12	-	-	-	-	-	-	3.28	708.12
44	NSDL Payments Bank Apps	0.02	3.13	-	-	-	-	-	-	0.02	3.13
45	Paytm Payments Bank App	995.34	1,12,062.51	4.90	14.36	0.43	541.32	108.92	21,002.36	1,109.60	1,33,620.54
46	PhonePe	3,452.87	5,93,759.02	-	-	-	-	-	-	3,452.87	5,93,759.02
47	Punjab National Bank Apps	0.15	62.77	-	-	-	-	-	-	0.15	62.77
48	Punjab Sind Bank Apps	0.02	8.05	-	-	-	-	-	-	0.02	8.05
49	RBL Bank Apps	1.07	243.44	0.00	0.01	0.01	1.71	-	-	1.08	245.16
50	Samsung Pay	5.09	554.33	-	-	-	-	-	-	5.09	554.33
51	South Indian Bank Apps	0.19	58.20	-	-	-	-	-	-	0.19	58.20
52	Standard Chartered Bank Apps	0.15	86.63	0.07	2.29	-	-	-	-	0.22	88.92
53	State Bank of India Apps	4.10	1,936.72	-	-	0.00	0.01	-	-	4.10	1,936.72
54	Tamilnad Mercantile Bank Apps	0.06	9.81	-	-	-	-	-	-	0.06	9.81
55	TataNeu	0.14	18.30	-	-	-	-	-	-	0.14	18.30
56	TJSB Bank Apps	0.01	1.86	-	-	-	-	-	-	0.01	1.86
57	UCO Bank Apps	0.28	80.38	-	-	-	-	-	-	0.28	80.38
58	Ultracash	0.02	0.24	-	-	-	-	-	-	0.02	0.24
59	Union Bank Apps	0.82	290.75	-	-	-	-	-	-	0.82	290.75
60	Utkarsh Small Finance Bank Apps	0.02	6.31	-	-	-	-	-	-	0.02	6.31
61	WhatsApp	8.38	708.56	-	-	-	-	-	-	8.38	708.56
62	Yes Bank Apps	55.43	15,984.43	-	-	0.52	86.46	-	-	55.94	16,070.88
63	Others	0.02	5.87	-	-	-	-	-	-	0.02	5.87

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
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Oct'22	7,305.42	12,11,582.51	3,436.66	9,28,872.06	3,868.76	2,82,710.45

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 (Oct'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,655.79	98.20%	1.80%	0.00%
2	Axis Bank Ltd	1,195.53	98.23%	1.77%	0.00%
3	ICICI Bank	1,075.20	98.33%	1.66%	0.00%
4	Paytm Payments Bank	1,019.37	98.17%	1.83%	0.01%
5	State Bank Of India	735.35	98.14%	1.86%	0.00%
6	HDFC Bank Ltd	669.66	98.82%	1.18%	0.00%
7	BHIM	27.30	93.36%	6.62%	0.02%
8	IDFC FIRST Bank	14.61	96.53%	3.44%	0.03%
9	Kotak Mahindra Bank	11.80	97.12%	2.88%	0.00%
10	Airtel Payments Bank	9.88	95.53%	4.43%	0.04%
11	India Post Payment Bank	4.83	97.37%	2.61%	0.02%
12	Federal Bank	4.34	97.14%	2.85%	0.01%
13	Jio Payments Bank	1.47	94.35%	5.45%	0.20%
14	RBL Bank	1.42	97.93%	2.07%	0.00%
15	Bank of Baroda	1.34	92.14%	7.85%	0.01%

UPI Payee PSP Performance (Oct'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,692.58	99.47%	0.51%	0.02%
2	Paytm Payments Bank	1,630.83	99.74%	0.26%	0.00%
3	Axis Bank Ltd	876.23	99.37%	0.60%	0.03%
4	ICICI Bank	794.28	99.60%	0.39%	0.01%
5	HDFC Bank Ltd	385.84	98.95%	1.01%	0.04%
6	State Bank Of India	326.97	99.45%	0.48%	0.06%
7	Federal Bank	112.50	97.78%	2.12%	0.10%
8	IndusInd Bank	29.66	97.61%	1.95%	0.45%
9	Kotak Mahindra Bank	27.28	99.56%	0.42%	0.03%
10	Airtel Payments Bank	14.99	98.92%	0.89%	0.18%
11	IDFC FIRST Bank	14.82	96.31%	2.36%	1.33%
12	Citibank	11.40	98.63%	1.24%	0.13%
13	BHIM	9.52	97.85%	2.08%	0.07%
14	Cosmos Bank	9.03	92.41%	7.23%	0.36%
15	Bank of Baroda	7.51	99.42%	0.46%	0.12%

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.

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - October 22

Sr. No.	Name of Banks #
1	Abhyudaya Co-operative Bank Ltd
2	Adarsh Co-Operative Bank Ltd
3	Ahmednagar Merchant'S Co Operative Bank Ltd
4	Ahmednagar Shahar Sahakari Bank Ltd
5	Ajantha Urban Co Op Bank Ltd
6	Akhand Anand Co-Op Bank Ltd
7	Akola Janata Commercial Co-Operative Bank
8	Ambajogai Peoples Co-Operative Bank Ltd
9	Ambarnath Jai Hind Cooperative Bank Ltd
10	Andhra Pradesh Grameena Vikas Bank
11	Andhra Pragathi Grameena Bank
12	AP Mahesh Bank
13	Apna Sahakari Bank Ltd
14	Arunachal Pradesh Rural Bank
15	Arvind Sahakari Bank Ltd
16	AU Small Finance Bank
17	Axis Bank Ltd
18	Balotra Urban Co-Op Bank Ltd
19	Banaskantha District Central Co-op Bank
20	Bandhan Bank
21	Bank of Baroda
22	Bank of India
23	Baran Nagrik Sahkari Bank Ltd
24	Baroda Gujarat Gramin Bank
25	Baroda Rajasthan Kshetriya Gramin Bank
26	Bassein Catholic Co-operative Bank
27	Bhadradri Co-Operative Urban Bank Ltd
28	Bharat Co-Operative Bank (Mumbai) Ltd
29	Bhavnagar DCB
30	Bhilwara Urban Co-Operative Bank Ltd
31	Bicholim Urban Cooperative Bank
32	Canara Bank
33	Central Bank Of India
34	Chaitanya Godavari Grameena Bank
35	Chhatisgarh Rajya Gramin Bank
36	Chhattisgarh Rajya Sahakari Bank Mydt
37	Chittorgarh Urban Co-Operative Bank Ltd
38	Citibank
39	Citizens Co-Operative Bank Ltd
40	City Union Bank
41	Coastal Area Local Bank
42	Colour Merchants Co-Operative Bank Ltd
43	Cosmos Bank
44	CSB Bank
45	Dapoli Urban Co-Operative Bank Ltd
46	Dausa Urban Co-Op Bank Ltd
47	DCB Bank
48	Deendayal Nagari Sahakari Bank Ltd
49	Deogiri Nagari Sahakari Bank Ltd
50	Dhanera Mercantile Co-Op Bank Ltd
51	Dhanlaxmi Bank Ltd
52	Equitas Small Finance Bank
53	ESAF Small Finance Bank
54	Federal Bank
55	Fincare Small Finance Bank Ltd
56	Fingrowth Cooperative Bank Ltd
57	Gayatri Bank
58	GP Parsik Bank
59	Gujarat Ambuja Co-Operative Bank Ltd
60	HDFC Bank Ltd
61	Himatnagar Nagarik Sahakari Bank Ltd
62	HSBC
63	Hutatma Sahakari Bank Ltd
64	ICICI Bank
65	IDFC First Bank
66	India Post Payment Bank
67	Indian Bank
68	Indrayani Co- Op. Bank Ltd
69	IndusInd Bank
70	J&K Grameen Bank
71	Jalgaon Janata Sahkari Bank Ltd
72	Janata Sahakari Bank Ltd
73	Jharkhand Rajya Gramin Bank
74	Jivan Commercial Co-Operative Bank Ltd
75	Jodhpur Nagrik Sahakari Bank Ltd
76	Kanaka Mahalakshmi Co-Operative Bank Ltd
77	Kankaria Maninagar Nagarik Sahakari Bank Ltd
78	Karnataka Gramin Bank
79	Karnataka Mahila Sahakara Bank Niyamitha
80	Karur Vysya Bank
81	Kerala Gramin Bank
82	Kolhapur Dist. Central Co-Op. Bank Ltd
83	Kolhapur Mahila Sahakari Bank Ltd
84	Kotak Mahindra Bank
85	Lonavala Sahakari Bank Ltd
86	Madhya Pradesh Rajya Sahakari Bank Maryadit
87	Mahanagar Nagrik Sahakari Bank Maryadit
88	Maharashtra State Co-op Bank Ltd
89	Mahaveer Cooperative Urban Bank Ltd
90	Mahila Nagrik Sahakari Bank Mahasamund
91	Malviya Urban Co-Operative Bank Ltd
92	Mann Deshi Mahila Sahakari Bank Ltd
93	Mansing Co-Operative Bank Ltd
94	Maratha Cooperative Bank Ltd
95	Meghalaya Rural Bank
96	Mizoram Rural Bank
97	Model Co-Op. Bank Ltd
98	Nagarik Sahakari Bank Maryadit
99	Nainital Bank
100	Navi Mumbai Co-Operative Bank Ltd
101	Navsarjan Industrial Co-Op Bank Ltd
102	Nutan Nagrik Sahakari Bank
103	Pali Urban Co-Operative Bank Limited
104	Palus Sahakari Bank Ltd
105	Patan Nagarik Sahakari Bank Ltd
106	Paytm Payments Bank
107	People's Urban Co-Operative Bank Ltd
108	Poornawadi Nagrik Sahakari Bank Ltd
109	Pune Cantonment Sahakari Bank Ltd
110	Pune Urban Co Operative Bank Ltd
111	Punjab and Sind Bank
112	Rajarshi Shahu Sahakari Bank Ltd
113	Rajasthan Marudhara Gramin Bank
114	Rajgurunagar Sahakari Bank Ltd
115	Rajkot District Central Coop Bank
116	Rajkot Peoples Co-Operative Bank Ltd
117	Rani Channamma Mahila Sahakari Bank Niyamit
118	RBL Bank
119	Sabarkantha District Central Cooperative Bank Ltd
120	Sadhana Sahakari Bank Ltd
121	Sadhana Sahakari Bank Ltd Nagpur
122	Saibaba Nagari Sahakari Bank Maryadit Sailu
123	Samarth Sahakari Bank Ltd. Solapur
124	Samata Sahakari Bank Ltd,Mumbai
125	Saraspur Nagarik Co-Op Bank Ltd
126	Saraswat Bank
127	Sardar Bhiladwala Pardi Peoples Coop Bank Ltd
128	Sardar Vallabhbhai Sahakari Bank Ltd
129	Sarvodaya Commercial Co Op Bank Ltd
130	Saurashtra Gramin Bank
131	SBM Bank India
132	Shivalik Mercantile Co-operative Bank Ltd
133	Shivalik Small Finance Bank
134	Shree Basaveshwar Urban Co-Op Bank Ltd Ranebennur
135	Shree Kadi Nagarik Sahakari Bank Ltd
136	Shree Mahalaxmi Urban Co-Op Credit Bank Ltd
137	Shri Mahila Sewa Sahakari Bank Ltd
138	Smriti Nagrik Sahakari Bank Maryadit Mandsaur
139	South Indian Bank
140	Sree Charan Souhardha Co-Operative Bank
141	Sri Basaveshwar Bank
142	Sri Rama Co-Operative Bank Ltd
143	Sri Sudha Co-Operative Bank Ltd
144	Sri Vasavamba Co-Op. Bank Ltd
145	Standard Chartered
146	State Bank of India
147	Sudha Co-Operative Urban Bank Ltd
148	Sunderlal Sawji Urban Co-Op Bank Ltd Jintur
149	Surat National Co-Operative Bank Ltd
150	Surat People Cooperative Bank
151	Suryoday Small Finance Bank Ltd
152	SVC Co-operative Bank Ltd
153	Telangana Grameena Bank
154	Telangana State Co Op Apex Bank
155	Textile Traders Co-Operative Bank Ltd
156	Thane Bharat Sahakari Bank Ltd
157	The A.P. Raja Rajeswari Mahila Co Operative Urban Bank Ltd
158	The Abhinav Sahakari Bank Ltd., Mumbai
159	The Adarsh Co-Operative Urban Bank Ltd
160	The Agrasen Co-Operative Urban Bank Ltd
161	The Ahmedabad District Co-Operative Bank Ltd
162	The Ahmedabad Mercantile Cooperative Bank Ltd
163	The Banaskantha Mercantile Co-Operative Bank Ltd
164	The Baroda Central Co-Op Bank Ltd
165	The Baroda City Co.Operative Bank Ltd
166	The Bhagyodaya Co-Operative Bank Ltd
167	The Bhavana Rishi Co-Op.Urban Bank
168	The Business Co Op Bank Ltd
169	The Chembur Nagarik Sahakari Bank Ltd., Mumbai
170	The Commercial Co.op.Bank Ltd
171	The Co-Op Bank Of Mehsana Ltd
172	The Dahod Mercantile Co-Op Bank Ltd
173	The Dahod Urban Co-Operative Bank Ltd
174	The Eenadu Co-Op.Urban Bank Ltd
175	The Gadchiroli District Central Co-Op. Bank Ltd
176	The Gandevi Peoples Co Operative Bank Ltd
177	The Gandhinagar Nagarik Co-Operative Bank Ltd
178	The Godhra Urban Cooperative Bank Ltd
179	The Guntur Co-Operative Urban Bank Ltd
180	The Jalgaon Peoples Co.Op.Bank Ltd
181	The Jamkhandi Urban Co-Operative Bank Ltd
182	The Jampeta Co-Operative Urban Bank Ltd
183	The Junagadh Commercial Co-Operative Bank Ltd
184	The Kaira District Central Coop Bank
185	The Kakatiya Co-Operative Urban Bank Ltd
186	The Kalupur Commercial Co-operative Bank Ltd
187	The Karnavati Co.Op. Bank
188	The Khamgaon Urban Co-Operative Bank Ltd
189	The Kodungallur Town Co-Operative Bank Ltd
190	The Kolhapur Urban Co-Op Bank Ltd
191	The Kopargaon Peoples Co Op Bank Ltd
192	The Kranthi Co-Operative Urban Bank Ltd
193	The Maharashtra Mantralaya And Allied Offices Co-Operative Bank Ltd
194	The Mahaveer Co-Operative Bank Ltd
195	The Mandvi Nagrik Sahakari Bank Ltd
196	The Municipal Co-Op Bank Ltd
197	The Nandura Urban Co-Op Bank Ltd. Nandura
198	The Naroda Nagarik Co-Operative Bank
199	The National Co Bank
200	The Navnirman Co-Operative Bank Ltd
201	The New Urban Co-Operative Bank Ltd Rampur
202	The Panchmahal District Co- Operative Bank Ltd
203	The Pavana Sahakari Bank Ltd
204	The Pimpalgaon Merchants Co-Op Bank Ltd
205	The Rajasthan State Co-Op Bank Ltd
206	The Rajkot Commercial Co-Operative Bank
207	The Sangamner Merchants Co Operative Bank Ltd
208	The Satara Sahakari Bank Ltd
209	The Saurashtra Co-Operative Bank Ltd
210	The Sindhudurg Dcc Bank Ltd
211	The Sirsi Urban Sahakari Bank Ltd
212	The Surat District Cooperative Bank
213	The Surat Mercantile Co-Op Bank Ltd
214	The Udaipur Urban Co-Operative Bank Ltd
215	The Udupi Town Co-Op. Bank Ltd., Udupi
216	The Varachha Co-Op Bank Ltd
217	The Vijay Cooperative Bank Ltd
218	The Visakhapatnam Cooperative Bank Ltd
219	The Vishweshwar Sahakari Bank Ltd. Pune (Multi-State)
220	Tirupati Urban Co-Operative Bank Ltd
221	TJSB Sahakari Bank Ltd
222	UCO Bank
223	Union Bank Of India
224	Union Co-Operative Bank Ltd
225	Urban Co-Operative Bank Ltd Bareilly
226	Uttarakhand Gramin Bank
227	Vaishya Nagari Sahakari Bank Ltd
228	Valmiki Urban Co-Op Bank Ltd.,Pathri
229	Vardhaman [Mahila] Co-Op. Urban Bank Ltd
230	Vasai Janata Sahakari Bank Ltd
231	Vasai Vikas Sahakari Bank Ltd
232	Veerashaiva Sahakari Bank Ltd
233	Vikramaditya Nagrik Sahakari Bank
234	Yes Bank

Note:

# These are list of banks live on UDIR (i.e. for status update & credit/ reversal processing for pending transactions) in the current month

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - October 22

Sr. No.	Name of APP #
1	Axis Bank APP
2	Citibank APP
3	Canara Bank APP
4	Federal Bank APP
5	Jio Payments Bank APP
6	HSBC Bank APP
7	Standard Chartered Bank APP
8	BHIM APP
9	Gpay (Live on HDFC,ICICI and Axis handle)
10	PhonePe (Live on Yes,ICICI and Axis handle)
11	HDFC Bank APP (PayZapp)
12	ICICI Bank APP
13	Karur Vysya Bank APP
14	City Union Bank APP
15	Equitas Small Finance Bank APP
16	SBM India Bank APP
17	TimePay (Cosmos Co-op Bank)
18	Groww
19	Whatsapp (Live on HDFC,ICICI and Axis handle)
20	Amazon Pay (Live on Axis handle)
21	AU Small Finance Bank APP
22	Bandhan Bank APP
23	CRED
24	Deutsche Bank APP
25	ICICI Bank Pockets
26	Indian Bank APP
27	IndusInd Bank APP
28	Jupiter Money
29	Kotak Mahindra Bank APP
30	MobiKwik
31	Paytm Payments Bank APP
32	RBL Bank APP
33	Samsung Pay
34	Slice
35	South Indian Bank APP
36	State Bank Of India APP
37	UCO Bank APP
38	Utkarsh Small Finance Bank APP
39	Yes Bank APP

Note:

# List of APPs live for checking the status of Transaction/complaint and raising complaints under UDIR

UPI Merchant Category Classification - October 22

UPI Merchant Category-wise Classification - October'22
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	4814	Telecommunication services, including local and long distance calls, credit card calls, calls through use of magnetic stripe reading telephones and faxes
	5812	Eating places and restaurants
	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
	6540	Debit card to wallet credit (Wallet top up)*
	5813	Drinking places (alcoholic beverages) - bars, taverns, night-clubs, cocktail lounges and discothèques
	5451	Dairies
	6012	Financial institutions - merchandise and services
	5699	Miscellaneous apparel and accessory shops
All Other Categories	7399	Business services not elsewhere classified
	4899	Cable and other pay television services
	4214	Motor freight carriers and trucking - local and long distance, moving and storage companies and local delivery
	5732	Electronics shops
	6211	Securities - brokers and dealers
	9399	Government services - not elsewhere classified
	8999	Professional services not elsewhere classified
	5422	Freezer and locker meat provisioners
	7230	Beauty and barber 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

UPI Top 50 Banks Performance (Sep'22)

UPI Remitter Banks - Top 50 Banks (Sep'22)
Sr. No.	UPI Remitter Banks (Sep-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,865.75	90.39%	6.77%	2.84%	11.29	84.70%
2	HDFC Bank Ltd	610.12	94.46%	5.41%	0.13%	2.39	98.02%
3	Bank of Baroda	450.27	92.95%	6.80%	0.24%	1.69	97.38%
4	Union Bank of India	420.12	90.65%	7.79%	1.56%	1.95	63.86%
5	ICICI Bank	370.12	94.07%	4.86%	1.06%	1.35	82.90%
6	Axis Bank Ltd	344.25	95.55%	4.36%	0.09%	1.07	85.73%
7	Paytm Payments Bank	340.75	95.83%	4.13%	0.04%	0.78	96.59%
8	Punjab National Bank	318.28	91.99%	5.65%	2.35%	2.77	77.72%
9	Canara Bank	305.88	90.83%	7.01%	2.16%	2.20	81.45%
10	Kotak Mahindra Bank	300.14	93.56%	5.65%	0.79%	1.20	93.25%
11	Bank of India	236.49	94.42%	4.71%	0.87%	0.98	75.37%
12	Indian Bank	175.26	91.75%	5.94%	2.31%	1.06	72.57%
13	Airtel Payments Bank	131.86	78.70%	18.19%	3.11%	0.69	65.62%
14	India Post Payment Bank	119.05	65.85%	25.08%	9.07%	0.60	44.49%
15	Central Bank Of India	114.42	85.79%	9.92%	4.29%	0.85	37.93%
16	Federal Bank	111.27	94.17%	5.54%	0.29%	0.44	91.32%
17	Yes Bank Ltd	99.75	90.60%	9.12%	0.28%	0.00	0.00%
18	IDBI Bank Limited	91.74	94.52%	4.12%	1.36%	0.51	82.09%
19	Indian Overseas Bank	88.59	93.81%	5.36%	0.83%	0.47	94.43%
20	Bank of Maharashtra	83.51	89.86%	6.31%	3.83%	0.52	61.31%
21	UCO Bank	79.57	90.40%	6.21%	3.39%	0.54	47.69%
22	IndusInd Bank	61.95	92.65%	6.92%	0.43%	0.27	84.22%
23	Karnataka Bank	60.11	86.87%	7.17%	5.96%	0.22	24.61%
24	IDFC FIRST Bank	50.04	90.32%	5.89%	3.78%	0.16	36.19%
25	Fino Payments Bank	49.90	77.01%	15.14%	7.85%	0.81	72.43%
26	Karur Vysya Bank	38.75	91.71%	7.47%	0.82%	0.19	87.45%
27	Bandhan Bank	32.04	76.81%	19.57%	3.63%	0.35	88.01%
28	South Indian Bank	28.73	93.47%	6.40%	0.13%	0.08	89.45%
29	Equitas Small Finance Bank	22.35	77.94%	13.56%	8.50%	0.18	52.40%
30	City Union Bank	21.09	92.20%	6.77%	1.03%	0.08	95.35%
31	Ujjivan Small Finance Bank	18.79	86.62%	7.05%	6.33%	0.10	46.98%
32	AU small Finance Bank	18.54	91.06%	6.29%	2.66%	0.00	0.07%
33	Punjab and Sind Bank	18.02	88.30%	10.84%	0.86%	0.10	73.20%
34	Jammu and Kashmir Bank	17.61	89.86%	7.12%	3.02%	0.11	73.74%
35	Citibank	17.22	95.43%	4.03%	0.54%	0.05	89.64%
36	Tamilnad Mercantile Bank	17.19	92.41%	7.45%	0.14%	0.04	77.82%
37	Standard Chartered	16.99	96.09%	2.82%	1.09%	0.07	84.82%
38	DBS Bank Ltd	16.59	94.33%	4.72%	0.96%	0.07	93.51%
39	Maharashtra Gramin Bank	16.48	58.81%	22.10%	19.09%	0.04	6.69%
40	Andhra Pradesh Grameena Vikas Bank	15.32	66.53%	19.54%	13.93%	0.07	10.73%
41	Pragathi Krishna Gramin Bank	15.28	83.90%	12.18%	3.92%	0.13	72.67%
42	Saraswat Bank	13.30	95.98%	3.71%	0.31%	0.04	92.15%
43	ESAF Small Finance Bank Ltd.	11.74	73.49%	25.05%	1.46%	0.06	86.86%
44	Rajasthan Marudhara Gramin Bank	11.61	75.00%	11.50%	13.50%	0.04	8.06%
45	Kerala Gramin Bank	10.72	86.06%	11.28%	2.66%	0.05	60.99%
46	Sarva Haryana Gramin Bank	10.24	70.80%	21.62%	7.58%	0.09	74.70%
47	Andhra Pragathi Grameena Bank	9.35	75.51%	15.02%	9.47%	0.25	84.78%
48	RBL Bank	9.00	89.83%	8.40%	1.77%	0.06	80.10%
49	Baroda UP Gramin Bank	7.74	72.18%	10.69%	17.13%	0.06	46.25%
50	Baroda Rajasthan Kshetriya Gramin Bank	7.27	87.24%	9.01%	3.74%	0.04	56.52%

UPI Top 50 Banks Performance (Sep'22)

UPI Beneficiary Banks - Top 50 Banks (Sep'22)
Sr.No.	UPI Beneficiary Banks (Sep-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1536.46	99.73%	0.26%	0.01%	0.00%
2	Yes Bank Ltd	1067.95	99.92%	0.06%	0.01%	0.03%
3	State Bank Of India	841.59	97.87%	0.26%	1.87%	0.11%
4	Axis Bank Ltd	504.89	99.76%	0.19%	0.05%	0.03%
5	ICICI Bank	455.34	99.32%	0.40%	0.28%	0.15%
6	HDFC Bank Ltd	350.77	98.98%	0.97%	0.05%	0.05%
7	Bank of Baroda	225.52	99.63%	0.30%	0.07%	0.13%
8	Union Bank of India	213.97	98.81%	0.29%	0.89%	0.22%
9	Canara Bank	162.67	98.11%	0.41%	1.48%	0.39%
10	Punjab National Bank	158.47	97.64%	0.66%	1.70%	0.35%
11	Federal Bank	154.93	99.50%	0.26%	0.24%	0.06%
12	Kotak Mahindra Bank	141.75	99.02%	0.60%	0.38%	0.32%
13	Bank of India	126.11	99.06%	0.29%	0.65%	0.14%
14	Airtel Payments Bank	89.35	97.35%	0.59%	2.06%	0.73%
15	Indian Bank	88.20	98.14%	0.30%	1.56%	0.43%
16	Central Bank Of India	58.34	96.79%	0.69%	2.51%	0.91%
17	IndusInd Bank	57.36	98.55%	1.09%	0.36%	0.21%
18	IDBI Bank Limited	48.17	98.49%	0.46%	1.05%	0.21%
19	Indian Overseas Bank	47.38	99.43%	0.27%	0.30%	0.24%
20	India Post Payment Bank	47.08	95.95%	1.09%	2.96%	0.23%
21	UCO Bank	42.56	97.31%	0.75%	1.94%	0.56%
22	Bank of Maharashtra	37.56	96.63%	0.26%	3.11%	0.87%
23	IDFC FIRST Bank	34.23	92.55%	2.66%	4.79%	0.71%
24	Karnataka Bank	29.06	95.17%	0.60%	4.22%	0.99%
25	Karur Vysya Bank	24.14	99.28%	0.33%	0.38%	0.10%
26	South Indian Bank	19.51	99.35%	0.58%	0.07%	0.03%
27	Bandhan Bank	18.89	95.56%	0.43%	4.01%	0.31%
28	Fino Payments Bank	17.75	92.59%	2.45%	4.96%	1.15%
29	AU small Finance Bank	15.13	96.76%	1.60%	1.64%	0.58%
30	Citibank	10.48	99.92%	0.00%	0.08%	0.24%
31	City Union Bank	12.28	98.49%	0.85%	0.66%	0.07%
32	Tamilnad Mercantile Bank	11.00	99.67%	0.26%	0.07%	0.03%
33	Equitas Small Finance Bank	10.75	92.70%	1.76%	5.55%	0.61%
34	Ujjivan Small Finance Bank	10.74	93.31%	0.29%	6.40%	0.50%
35	Punjab and Sind Bank	8.91	98.90%	0.24%	0.86%	0.22%
36	Pragathi Krishna Gramin Bank	8.58	98.38%	0.40%	1.22%	0.57%
37	Jammu and Kashmir Bank	7.44	96.94%	0.71%	2.35%	0.14%
38	Andhra Pradesh Grameena Vikas Bank	7.32	86.95%	4.60%	8.45%	2.93%
39	Maharashtra Gramin Bank	7.26	82.94%	1.73%	15.33%	3.15%
40	Kerala Gramin Bank	7.01	98.43%	0.70%	0.87%	0.51%
41	DBS Bank Ltd	6.66	96.97%	1.70%	1.33%	0.09%
42	Rajasthan Marudhara Gramin Bank	6.04	93.65%	0.43%	5.92%	1.93%
43	ESAF Small Finance Bank Ltd.	5.92	99.08%	0.21%	0.71%	0.07%
44	RBL Bank	5.70	97.13%	1.83%	1.04%	0.17%
45	Saraswat Bank	5.67	99.53%	0.20%	0.27%	0.02%
46	Baroda UP Gramin Bank	5.46	82.65%	2.22%	15.13%	0.72%
47	Andhra Pragathi Grameena Bank	5.25	93.77%	0.20%	6.03%	2.40%
48	Sarva Haryana Gramin Bank	4.90	84.17%	0.47%	15.36%	0.38%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.31	95.09%	2.05%	2.86%	0.32%
50	Karnataka Vikas Grameena Bank	3.83	93.53%	0.68%	4.53%	1.26%

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 (Sep'22)

UPI Apps (Sep'22)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	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	9.14	680.76	-	-	0.00	0.02	0.00	0.11	9.15	680.89
2	Allahabad Bank Apps	0.03	8.10	-	-	-	-	-	-	0.03	8.10
3	Amazon Pay	57.38	6,015.31	-	-	-	-	-	-	57.38	6,015.31
4	AU Small Finance Bank Apps	0.48	148.90	-	-	-	-	-	-	0.48	148.90
5	Axis Bank Apps	7.46	1,421.09	50.24	46.13	0.02	1.85	-	-	57.72	1,469.07
6	Bajaj Finserv	3.29	234.81	-	-	-	-	-	-	3.29	234.81
7	Bajaj Markets	0.01	1.38	-	-	-	-	-	-	0.01	1.38
8	Bandhan Bank Apps	0.01	1.88	-	-	-	-	-	-	0.01	1.88
9	Bank of Baroda Apps	1.11	443.84	-	-	0.00	0.00	-	-	1.11	443.85
10	Bank of India Apps	0.18	54.59	-	-	-	-	-	-	0.18	54.59
11	Bank of Maharashtra Apps	0.07	17.23	-	-	-	-	-	-	0.07	17.23
12	BHIM	25.17	8,308.65	-	-	-	-	-	-	25.17	8,308.65
13	Canara Bank Apps	0.78	207.18	-	-	0.00	0.00	-	-	0.78	207.18
14	Central Bank of India Apps	0.28	68.37	-	-	0.00	0.01	-	-	0.28	68.38
15	Citi Bank Apps	0.10	67.00	-	-	0.00	0.00	-	-	0.10	67.00
16	City Union Bank Apps	0.04	12.45	-	-	-	-	-	-	0.04	12.45
17	Cointab	0.04	19.35	-	-	-	-	-	-	0.04	19.35
18	Cred	14.96	19,237.92	-	-	-	-	-	-	14.96	19,237.92
19	DBS Digibank Apps	0.43	176.91	-	-	-	-	-	-	0.43	176.91
20	Deutsche Bank Apps	1.58	98.43	-	-	0.00	0.01	-	-	1.58	98.43
21	Dhanlaxmi Bank Apps	0.01	2.87	-	-	-	-	-	-	0.01	2.87
22	Equitas Small Finance Bank Apps	0.02	8.76	-	-	-	-	-	-	0.02	8.76
23	Fave	0.08	4.40	-	-	-	-	-	-	0.08	4.40
24	Federal Bank Apps	3.84	549.95	-	-	0.00	0.00	-	-	3.84	549.95
25	Fino Payments bank Apps	0.08	5.66	-	-	-	-	-	-	0.08	5.66
26	GoIbibo	0.01	3.58	-	-	-	-	-	-	0.01	3.58
27	Google Pay	2,296.14	387,996.14	-	-	-	-	-	-	2,296.14	387,996.14
28	Groww	0.11	68.03	-	-	-	-	-	-	0.11	68.03
29	HDFC Bank Apps	10.98	2,686.10	-	-	-	-	-	-	10.98	2,686.10
30	HSBC Bank Apps	0.12	70.14	0.00	0.43	0.00	0.00	-	-	0.12	70.56
31	ICICI Bank Apps	26.54	6,862.50	4.84	366.84	3.45	3,172.47	-	-	34.84	10,401.81
32	IDBI Bank Apps	0.05	24.18	-	-	-	-	-	-	0.05	24.18
33	IDFC Bank Apps	11.53	824.51	-	-	0.00	0.01	-	-	11.53	824.52
34	India Post Payments Bank Apps	5.22	572.75	-	-	-	-	-	-	5.22	572.75
35	Indian Bank Apps	0.21	63.62	-	-	0.00	1.96	-	-	0.21	65.58
36	Indian Overseas Bank Apps	0.02	4.79	-	-	-	-	-	-	0.02	4.79
37	IndusInd Bank Apps	1.04	1,439.51	-	-	-	-	-	-	1.04	1,439.51
38	Janata Sahakari Bank Apps	0.01	4.42	-	-	-	-	-	-	0.01	4.42
39	Jio Payments Bank Apps	1.40	90.36	-	-	-	-	-	-	1.40	90.36
40	Jupiter	2.09	259.71	-	-	-	-	-	-	2.09	259.71
41	Karnataka Bank Apps	0.40	63.84	-	-	-	-	-	-	0.40	63.84
42	Karur Vysya Bank Apps	0.04	16.74	-	-	-	-	-	-	0.04	16.74
43	Kotak Mahindra Bank Apps	10.52	2,230.60	-	-	0.00	0.00	-	-	10.52	2,230.61
44	MakeMyTrip	0.10	47.83	-	-	-	-	-	-	0.10	47.83
45	MI Pay	0.03	3.87	-	-	-	-	-	-	0.03	3.87
46	Mobikwik	3.04	632.71	-	-	-	-	-	-	3.04	632.71
47	NSDL Payments Bank Apps	0.02	2.79	-	-	-	-	-	-	0.02	2.79
48	Paytm Payments Bank App	924.77	101,163.26	2.92	9.55	0.40	489.04	109.10	19,143.49	1,037.20	120,805.34
49	PhonePe	3,216.78	549,583.77	-	-	-	-	-	-	3,216.78	549,583.77
50	Punjab National Bank Apps	0.13	59.01	-	-	-	-	-	-	0.13	59.01
51	Punjab Sind Bank Apps	0.02	6.88	-	-	-	-	-	-	0.02	6.88
52	RBL Bank Apps	0.96	199.70	-	-	0.03	1.21	-	-	0.99	200.91
53	Samsung Pay	4.55	495.89	-	-	-	-	-	-	4.55	495.89
54	South Indian Bank Apps	0.17	56.54	-	-	-	-	-	-	0.17	56.54
55	Standard Chartered Bank Apps	0.14	78.49	0.00	0.00	0.00	0.01	-	-	0.14	78.50
56	State Bank of India Apps	3.57	1,818.89	-	-	-	-	-	-	3.57	1,818.89
57	Tamilnad Mercantile Bank Apps	0.06	9.21	-	-	-	-	-	-	0.06	9.21
58	TataNeu	0.13	17.23	-	-	-	-	-	-	0.13	17.23
59	TJSB Bank Apps	0.01	2.06	-	-	-	-	-	-	0.01	2.06
60	UCO Bank Apps	0.26	75.02	-	-	-	-	-	-	0.26	75.02
61	Ultracash	0.01	0.70	-	-	-	-	-	-	0.01	0.70
62	Union Bank Apps	0.55	237.54	-	-	-	-	-	-	0.55	237.54
63	Utkarsh Small Finance Bank Apps	0.02	5.59	-	-	-	-	-	-	0.02	5.59
64	WhatsApp	7.43	631.63	-	-	-	-	-	-	7.43	631.63
65	Yes Bank Apps	60.80	14,034.34	-	-	2.30	2,103.46	-	-	63.10	16,137.80
66	Others	0.01	4.85	-	-	-	-	-	-	0.01	4.85

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 forty (40) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Sep'22	6,780.80	11,16,438.10	3,233.61	8,62,049.27	3,547.19	2,54,388.83

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

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - September 22

Sr. No.	Name of Banks #
1	Abhyudaya Co-operative Bank Ltd
2	Andhra Pradesh Grameena Vikas Bank
3	AU Small Finance Bank
4	Axis Bank Ltd.
5	Bandhan Bank
6	Bank of Baroda
7	Bank of India
8	Baroda Gujarat Gramin Bank
9	Bassein Catholic Co-operative Bank
10	Bharat Co-Operative Bank (Mumbai) Ltd
11	Canara Bank
12	Central Bank Of India
13	Chaitanya Godavari Grameena Bank
14	Citibank
15	City Union Bank
16	Cosmos Bank
17	CSB Bank
18	DCB Bank
19	Dhanlaxmi Bank Ltd
20	Equitas Small Finance Bank
21	ESAF Small Finance Bank
22	Federal Bank
23	Fincare Small Finance Bank Ltd
24	GP PARSIK BANK
25	HDFC Bank Ltd
26	HSBC
27	ICICI Bank
28	India Post Payment Bank
29	Indian Bank
30	Janata Sahakari Bank Ltd. Pune
31	Karnataka Gramin Bank
32	Karur Vysya Bank
33	Kerala Gramin Bank
34	Maharashtra State Co-op Bank Ltd
35	Paytm Payments Bank
36	Punjab and Sind Bank
37	Rajgurunagar Sahakari Bank Ltd
38	RBL Bank
39	SBM Bank India
40	Shivalik Mercantile Co-operative Bank Ltd
41	South Indian Bank
42	Sree Charan Souhardha Co-Operative Bank
43	Standard Chartered
44	State Bank of India
45	Suryoday Small Finance Bank Ltd
46	SVC Co-operative Bank Ltd
47	The Ahmedabad District Co-Operative Bank Ltd
48	The Commercial Co.op.Bank Ltd
49	The Kalupur Commercial Co-operative Bank Ltd
50	The Varachha Co-Op Bank Ltd
51	TJSB Sahakari Bank Ltd
52	UCO Bank
53	Veerashaiva Sahakari Bank Ltd
54	Yes Bank

Note:

# These are list of banks live on UDIR (i.e. for status update & credit/ reversal processing for pending transactions) in the current month

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - September 22

Sr. No.	Name of APP #
1	Axis Bank APP
2	Citibank APP
3	Canara Bank APP
4	Federal Bank APP
5	Jio Payments Bank APP
6	HSBC Bank APP
7	Standard Chartered Bank APP
8	BHIM APP
9	Gpay (Live on HDFC handle)
10	PhonePe
11	HDFC Bank APP (PayZapp)
12	ICICI Bank APP
13	Karur Vysya Bank APP
14	City Union Bank APP
15	Equitas SFB Bank APP
16	SBM BANK INDIA APP
17	TimePay (Cosmos Co-op Bank)
18	Groww
19	Whatsapp (Live on HDFC,ICICI and Axis handle)

Note:

# List of APPs live for checking the status of Transaction/complaint and raising complaints under UDIR

UPI Payer PSP Performance

UPI Payer PSP Performance (Sep'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,487.88	98.13%	1.87%	0.00%
2	Axis Bank Ltd	1089.86	98.29%	1.70%	0.01%
3	ICICI Bank	1000.85	98.34%	1.65%	0.00%
4	Paytm Payments Bank	944.30	98.28%	1.71%	0.01%
5	State Bank Of India	659.01	98.31%	1.68%	0.01%
6	HDFC Bank Ltd	638.28	98.82%	1.18%	0.00%
7	BHIM	27.00	93.20%	6.78%	0.02%
8	IDFC FIRST Bank	12.11	96.03%	3.95%	0.02%
9	Kotak Mahindra Bank	10.84	97.12%	2.88%	0.00%
10	Airtel Payments Bank	9.53	96.00%	3.95%	0.06%
11	India Post Payment Bank	5.35	97.54%	2.43%	0.02%
12	Federal Bank	4.01	96.88%	3.11%	0.00%
13	Deutsche Bank	1.59	99.93%	0.07%	0.00%
14	Jio Payments Bank	1.49	94.39%	5.35%	0.26%
15	RBL Bank	1.25	98.28%	1.72%	0.01%

UPI Payee PSP Performance (Sep'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,488.68	99.58%	0.38%	0.05%
2	Paytm Payments Bank	1,537.12	99.63%	0.36%	0.01%
3	Axis Bank Ltd	802.88	99.02%	0.75%	0.24%
4	ICICI Bank	728.20	99.48%	0.47%	0.05%
5	HDFC Bank Ltd	365.70	98.99%	0.98%	0.03%
6	State Bank Of India	301.37	99.23%	0.59%	0.18%
7	Federal Bank	104.12	97.88%	2.07%	0.05%
8	IndusInd Bank	25.45	97.78%	1.65%	0.58%
9	Airtel Payments Bank	25.23	99.40%	0.50%	0.10%
10	Kotak Mahindra Bank	23.55	99.40%	0.49%	0.10%
11	IDFC FIRST Bank	13.91	96.70%	1.70%	1.61%
12	Citibank	10.60	98.98%	0.84%	0.18%
13	BHIM	8.98	97.72%	2.20%	0.08%
14	Bank of Baroda	6.44	99.80%	0.16%	0.04%
15	AU small Finance Bank	5.07	97.22%	2.24%	0.54%

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 - September 22

UPI Merchant Category-wise Classification - September'22
Type	MCC	Description
High Transacting Categories	5411	Groceries And Supermarkets
	4814	Telecommunication services, including local and long distance calls, credit card calls, calls through use of magnetic stripe reading telephones and faxes
	5812	Eating places and restaurants
	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
	5912	Drug stores and pharmacies
	5999	Miscellaneous and speciality retail outlets
Medium Transacting Categories	5311	Department stores
	5462	Bakeries
	5399	Miscellaneous general merchandise
	4900	Utilities - electric, gas, water and sanitary
	6540	Debit card to wallet credit (Wallet top up)
	7322	Debt collection agencies
	5451	Dairies
	5813	Drinking places (alcoholic beverages) - bars, taverns, night-clubs, cocktail lounges and discothèques
	6012	Financial institutions - merchandise and services
	6211	Securities - brokers and dealers
All Other Categories	4899	Cable and other pay television services
	5699	Miscellaneous apparel and accessory shops
	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
	9399	Government services - not elsewhere classified
	8999	Professional services not elsewhere classified
	5422	Freezer and locker meat provisioners
	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

UPI Top 50 Banks Performance (Aug'22)

UPI Remitter Banks - Top 50 Banks (Aug'22)
Sr. No.	UPI Remitter Banks (Aug-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1793.55	91.26%	7.23%	1.51%	8.02	91.23
2	HDFC Bank Ltd	594.28	93.45%	5.47%	1.07%	3.44	94.10
3	Bank of Baroda	432.55	93.04%	6.82%	0.13%	1.68	98.78
4	Union Bank of India	406.68	91.35%	7.55%	1.10%	1.80	69.94
5	ICICI Bank	379.89	93.84%	4.53%	1.63%	1.75	84.20
6	Axis Bank Ltd	339.15	92.64%	6.57%	0.79%	0.89	57.96
7	Paytm Payments Bank	322.02	95.64%	4.34%	0.02%	0.82	98.68
8	Punjab National Bank	305.33	92.51%	5.88%	1.61%	2.37	84.24
9	Canara Bank	297.10	91.49%	7.64%	0.87%	1.47	84.29
10	Kotak Mahindra Bank	286.52	92.74%	5.64%	1.61%	1.17	95.29
11	Bank of India	230.16	94.17%	5.30%	0.53%	0.95	83.95
12	Indian Bank	170.20	92.60%	6.32%	1.09%	0.79	85.80
13	Airtel Payments Bank	118.87	85.62%	12.63%	1.75%	0.87	73.87
14	Central Bank Of India	113.76	81.96%	10.89%	7.15%	1.22	36.67
15	Federal Bank	109.19	93.62%	6.12%	0.25%	0.41	95.97
16	India Post Payment Bank	97.79	79.57%	18.50%	1.93%	0.43	65.32
17	Yes Bank Ltd	91.23	94.40%	5.46%	0.14%	0.00	0.00
18	IDBI Bank Limited	89.05	94.88%	4.39%	0.73%	0.47	86.25
19	Indian Overseas Bank	86.15	93.59%	5.74%	0.68%	0.44	95.05
20	Bank of Maharashtra	79.97	92.55%	5.41%	2.04%	0.33	62.10
21	UCO Bank	75.13	92.71%	6.14%	1.15%	0.36	71.55
22	IndusInd Bank	59.38	93.05%	6.75%	0.20%	0.26	96.89
23	Karnataka Bank	58.99	86.01%	7.37%	6.62%	0.20	17.73
24	IDFC FIRST Bank	47.41	92.31%	5.84%	1.85%	0.19	61.57
25	Fino Payments Bank	46.31	78.41%	15.59%	6.00%	0.58	66.29
26	Karur Vysya Bank	38.25	90.97%	7.46%	1.57%	0.20	78.90
27	Bandhan Bank	29.21	85.22%	10.95%	3.82%	0.28	80.36
28	South Indian Bank	27.96	93.53%	6.09%	0.38%	0.10	96.48
29	Equitas Small Finance Bank	21.68	81.32%	15.91%	2.78%	0.11	57.95
30	City Union Bank	20.53	91.55%	7.38%	1.06%	0.08	84.35
31	Ujjivan Small Finance Bank	17.83	89.89%	7.46%	2.65%	0.09	59.23
32	AU small Finance Bank	17.57	91.98%	6.33%	1.69%	0.00	0.07
33	Citibank	17.51	94.45%	4.32%	1.24%	0.07	92.68
34	Punjab and Sind Bank	17.27	88.81%	10.33%	0.86%	0.10	76.05
35	Tamilnad Mercantile Bank	17.12	88.00%	8.69%	3.31%	0.07	49.73
36	Standard Chartered	16.91	95.44%	3.04%	1.52%	0.08	74.17
37	DBS Bank Ltd	16.88	95.16%	4.68%	0.15%	0.06	95.79
38	Jammu and Kashmir Bank	16.21	88.51%	7.03%	4.46%	0.09	70.55
39	Pragathi Krishna Gramin Bank	14.98	85.97%	11.15%	2.88%	0.11	58.44
40	Andhra Pradesh Grameena Vikas Bank	14.67	72.50%	17.13%	10.37%	0.06	10.92
41	Maharashtra Gramin Bank	14.43	71.27%	17.87%	10.86%	0.05	15.10
42	Saraswat Bank	13.33	95.67%	3.85%	0.48%	0.05	91.43
43	ESAF Small Finance Bank Ltd.	10.54	83.48%	14.05%	2.48%	0.05	63.49
44	Rajasthan Marudhara Gramin Bank	10.48	79.27%	13.28%	7.44%	0.04	16.22
45	Kerala Gramin Bank	10.22	87.57%	11.15%	1.27%	0.04	69.83
46	Andhra Pragathi Grameena Bank	9.05	79.41%	15.55%	5.04%	0.14	81.74
47	Sarva Haryana Gramin Bank	8.89	86.62%	10.36%	3.02%	0.09	75.88
48	RBL Bank	8.63	89.57%	8.10%	2.33%	0.06	82.08
49	Baroda Rajasthan Kshetriya Gramin Bank	7.52	79.06%	7.83%	13.11%	0.06	24.06
50	Baroda UP Gramin Bank	7.19	74.76%	10.31%	14.94%	0.07	23.36

UPI Top 50 Banks Performance (Aug'22)

UPI Beneficiary Banks - Top 50 Banks (Aug'22)
Sr.No.	UPI Beneficiary Banks (Aug-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1504.63	99.79%	0.21%	0.00%	0.00%
2	Yes Bank Ltd	947.28	99.94%	0.03%	0.01%	0.01%
3	State Bank Of India	818.72	98.99%	0.27%	0.73%	0.24%
4	Axis Bank Ltd	489.54	98.29%	1.14%	0.57%	0.31%
5	ICICI Bank	456.96	99.52%	0.37%	0.11%	0.26%
6	HDFC Bank Ltd	339.50	98.79%	0.65%	0.57%	0.16%
7	Bank of Baroda	221.98	99.63%	0.32%	0.05%	0.06%
8	Union Bank of India	212.56	98.96%	0.29%	0.74%	0.13%
9	Canara Bank	160.51	99.06%	0.45%	0.49%	0.19%
10	Punjab National Bank	155.25	98.42%	0.47%	1.11%	0.29%
11	Federal Bank	152.10	99.63%	0.25%	0.11%	0.01%
12	Kotak Mahindra Bank	138.54	98.63%	0.58%	0.79%	0.54%
13	Bank of India	124.89	99.37%	0.27%	0.36%	0.08%
14	Airtel Payments Bank	89.48	98.57%	0.40%	1.03%	0.43%
15	Indian Bank	86.30	99.16%	0.21%	0.63%	0.34%
16	IndusInd Bank	68.81	99.39%	0.48%	0.13%	0.09%
17	Central Bank Of India	57.79	95.01%	0.86%	4.13%	1.19%
18	IDBI Bank Limited	47.98	99.05%	0.51%	0.43%	0.15%
19	Indian Overseas Bank	46.79	99.57%	0.27%	0.16%	0.19%
20	India Post Payment Bank	45.06	98.37%	0.63%	1.00%	0.14%
21	UCO Bank	41.37	98.32%	0.74%	0.94%	0.15%
22	Bank of Maharashtra	38.12	97.96%	0.28%	1.77%	0.44%
23	IDFC FIRST Bank	33.50	95.57%	2.80%	1.64%	0.21%
24	Karnataka Bank	29.14	95.43%	0.59%	3.98%	1.35%
25	Karur Vysya Bank	24.55	98.63%	0.31%	1.05%	0.16%
26	South Indian Bank	19.29	99.24%	0.54%	0.22%	0.02%
27	Bandhan Bank	19.07	94.23%	0.43%	5.34%	0.35%
28	Fino Payments Bank	17.03	93.55%	2.52%	3.93%	0.89%
29	AU small Finance Bank	15.10	97.77%	1.33%	0.90%	0.56%
30	Citibank	2.46	96.92%	1.98%	1.10%	0.21%
31	City Union Bank	12.26	98.64%	0.68%	0.68%	0.11%
32	Tamilnad Mercantile Bank	11.07	96.60%	0.57%	2.83%	0.29%
33	Equitas Small Finance Bank	10.53	95.66%	2.06%	2.28%	0.29%
34	Ujjivan Small Finance Bank	10.29	97.46%	0.30%	2.24%	0.27%
35	Pragathi Krishna Gramin Bank	8.71	98.31%	0.39%	1.30%	0.63%
36	Punjab and Sind Bank	8.67	98.91%	0.24%	0.84%	0.18%
37	Andhra Pradesh Grameena Vikas Bank	7.38	90.54%	4.60%	4.87%	2.64%
38	Jammu and Kashmir Bank	7.09	95.67%	0.73%	3.60%	0.17%
39	Maharashtra Gramin Bank	6.93	91.76%	1.52%	6.72%	1.56%
40	Kerala Gramin Bank	6.83	98.79%	0.63%	0.58%	0.31%
41	DBS Bank Ltd	6.76	98.00%	1.90%	0.10%	0.04%
42	ESAF Small Finance Bank Ltd.	5.98	98.52%	0.20%	1.28%	0.21%
43	Saraswat Bank	5.88	99.37%	0.20%	0.43%	0.03%
44	Rajasthan Marudhara Gramin Bank	5.76	95.79%	0.69%	3.52%	0.81%
45	RBL Bank	5.52	97.38%	1.46%	1.16%	0.16%
46	Andhra Pragathi Grameena Bank	5.20	96.80%	0.16%	3.03%	1.23%
47	Baroda UP Gramin Bank	5.19	85.92%	2.28%	11.80%	2.72%
48	Sarva Haryana Gramin Bank	4.99	86.36%	0.49%	13.16%	0.12%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.50	88.20%	1.85%	9.95%	1.88%
50	Karnataka Vikas Grameena Bank	3.74	98.10%	0.21%	1.69%	0.85%

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 (Aug'22)

UPI Apps (Aug'22)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	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	7.96	608.38	-	-	0.00	0.01	0.00	0.11	7.96	608.50
2	Allahabad Bank Apps	0.03	7.70	-	-	-	-	-	-	0.03	7.70
3	Amazon Pay	62.43	6,353.15	-	-	-	-	-	-	62.43	6,353.15
4	AU Small Finance Bank Apps	0.45	138.70	-	-	-	-	-	-	0.45	138.70
5	Axis Bank Apps	7.39	1,313.76	50.70	42.71	0.02	1.42	-	-	58.11	1,357.89
6	Bajaj Finserv	2.45	178.59	-	-	-	-	-	-	2.45	178.59
7	Bajaj Markets	0.02	1.58	-	-	-	-	-	-	0.02	1.58
8	Bandhan Bank Apps	0.01	1.25	-	-	-	-	-	-	0.01	1.25
9	Bank of Baroda Apps	0.99	383.42	-	-	0.00	0.00	-	-	0.99	383.43
10	Bank of India Apps	0.17	54.81	-	-	-	-	-	-	0.17	54.81
11	Bank of Maharashtra Apps	0.07	17.19	-	-	-	-	-	-	0.07	17.19
12	BHIM	24.99	7,860.48	-	-	-	-	-	-	24.99	7,860.48
13	Canara Bank Apps	0.67	176.37	-	-	-	-	-	-	0.67	176.37
14	Central Bank of India Apps	0.24	64.59	-	-	0.00	0.01	-	-	0.24	64.59
15	Citi Bank Apps	0.11	63.08	-	-	0.00	0.00	-	-	0.11	63.08
16	City Union Bank Apps	0.04	11.45	-	-	-	-	-	-	0.04	11.45
17	Cointab	0.06	24.98	-	-	-	-	-	-	0.06	24.98
18	Cred	14.81	19,084.30	-	-	-	-	-	-	14.81	19,084.30
19	DBS Digibank Apps	0.48	178.76	-	-	-	-	-	-	0.48	178.76
20	Deutsche Bank Apps	1.98	119.21	-	-	0.00	0.01	-	-	1.98	119.21
21	Dhanlaxmi Bank Apps	0.01	3.10	-	-	-	-	-	-	0.01	3.10
22	Equitas Small Finance Bank Apps	0.01	4.94	-	-	-	-	-	-	0.01	4.94
23	Fave	0.14	7.71	-	-	-	-	-	-	0.14	7.71
24	Federal Bank Apps	3.80	520.20	-	-	0.00	0.00	-	-	3.80	520.20
25	Fino Payments bank Apps	0.08	5.05	-	-	-	-	-	-	0.08	5.05
26	GoIbibo	0.01	4.82	-	-	-	-	-	-	0.01	4.82
27	Google Pay	2,212.73	371,081.16	-	-	-	-	-	-	2,212.73	371,081.16
28	Groww	0.80	490.93	-	-	-	-	-	-	0.80	490.93
29	HDFC Bank Apps	9.83	2,415.47	-	-	-	-	-	-	9.83	2,415.47
30	HSBC Bank Apps	0.11	65.70	0.00	0.44	0.00	0.00	-	-	0.11	66.14
31	ICICI Bank Apps	36.96	8,334.98	4.96	406.52	3.68	1,983.75	-	-	45.59	10,725.25
32	IDBI Bank Apps	0.04	20.31	-	-	-	-	-	-	0.04	20.31
33	IDFC Bank Apps	10.19	762.41	-	-	0.00	0.00	-	-	10.19	762.41
34	India Post Payments Bank Apps	4.30	504.41	-	-	-	-	-	-	4.30	504.41
35	Indian Bank Apps	0.22	63.10	-	-	0.00	0.23	-	-	0.22	63.33
36	Indian Overseas Bank Apps	0.01	4.66	-	-	-	-	-	-	0.01	4.66
37	IndusInd Bank Apps	1.01	1,605.56	-	-	-	-	-	-	1.01	1,605.56
38	Janata Sahakari Bank Apps	0.01	4.56	-	-	-	-	-	-	0.01	4.56
39	Jio Payments Bank Apps	1.85	113.28	-	-	-	-	-	-	1.85	113.28
40	Jupiter	2.03	249.20	-	-	-	-	-	-	2.03	249.20
41	Karnataka Bank Apps	0.38	55.32	-	-	-	-	-	-	0.38	55.32
42	Karur Vysya Bank Apps	0.04	16.54	-	-	-	-	-	-	0.04	16.54
43	Kotak Mahindra Bank Apps	9.28	1,939.14	-	-	0.00	0.00	-	-	9.28	1,939.14
44	MakeMyTrip	0.15	62.67	-	-	-	-	-	-	0.15	62.67
45	MI Pay	0.15	24.80	-	-	-	-	-	-	0.15	24.80
46	Mobikwik	2.84	562.95	-	-	-	-	-	-	2.84	562.95
47	NSDL Payments Bank Apps	0.02	2.85	-	-	-	-	-	-	0.02	2.85
48	Paytm Payments Bank App	871.86	96,034.11	4.11	10.37	0.38	458.24	110.05	17,714.37	986.39	114,217.10
49	PhonePe	3,146.71	528,433.49	-	-	-	-	-	-	3,146.71	528,433.49
50	Punjab National Bank Apps	0.09	43.41	-	-	-	-	-	-	0.09	43.41
51	Punjab Sind Bank Apps	0.01	5.25	-	-	-	-	-	-	0.01	5.25
52	RBL Bank Apps	0.82	162.46	-	-	0.01	0.56	-	-	0.82	163.02
53	Samsung Pay	4.09	468.37	-	-	-	-	-	-	4.09	468.37
54	South Indian Bank Apps	0.16	52.73	-	-	-	-	-	-	0.16	52.73
55	Standard Chartered Bank Apps	0.14	73.60	-	-	-	-	-	-	0.14	73.60
56	State Bank of India Apps	4.10	1,926.51	-	-	-	-	-	-	4.10	1,926.51
57	Tamilnad Mercantile Bank Apps	0.06	7.94	-	-	-	-	-	-	0.06	7.94
58	TataNeu	0.10	15.78	-	-	-	-	-	-	0.10	15.78
59	TJSB Bank Apps	0.01	2.20	-	-	-	-	-	-	0.01	2.20
60	UCO Bank Apps	0.25	65.69	-	-	-	-	-	-	0.25	65.69
61	Ultracash	0.02	1.54	-	-	-	-	-	-	0.02	1.54
62	Union Bank Apps	0.52	215.23	-	-	-	-	-	-	0.52	215.23
63	Utkarsh Small Finance Bank Apps	0.02	4.71	-	-	-	-	-	-	0.02	4.71
64	WhatsApp	6.72	567.17	-	-	-	-	-	-	6.72	567.17
65	Yes Bank Apps	54.60	13,008.95	-	-	3.20	3,225.97	-	-	57.80	16,234.92
66	Others	0.01	5.72	-	-	-	-	-	-	0.01	5.72

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 forty (40) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Aug'22	6,579.63	10,72,792.68	3,289.26	8,33,370.86	3,290.37	2,39,421.82

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 (Aug'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,429.37	98.31%	1.69%	0.00%
2	Axis Bank Ltd	1046.30	98.36%	1.64%	0.00%
3	ICICI Bank	968.56	98.35%	1.64%	0.00%
4	Paytm Payments Bank	893.12	98.12%	1.87%	0.01%
5	State Bank Of India	662.88	98.38%	1.61%	0.00%
6	HDFC Bank Ltd	616.31	98.77%	1.23%	0.00%
7	BHIM	26.74	93.45%	6.53%	0.02%
8	IDFC FIRST Bank	10.95	94.53%	5.45%	0.02%
9	Kotak Mahindra Bank	9.58	96.86%	3.14%	0.00%
10	Airtel Payments Bank	8.28	96.15%	3.76%	0.09%
11	India Post Payment Bank	4.42	97.36%	2.63%	0.01%
12	Federal Bank	3.99	96.79%	3.19%	0.01%
13	Deutsche Bank	1.98	99.95%	0.05%	0.00%
14	Jio Payments Bank	1.94	95.20%	4.51%	0.29%
15	IndusInd Bank	1.09	95.07%	4.93%	0.01%

UPI Payee PSP Performance (Aug'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,400.08	99.43%	0.51%	0.06%
2	Paytm Payments Bank	1,488.44	99.56%	0.42%	0.01%
3	Axis Bank Ltd	804.43	96.80%	2.64%	0.57%
4	ICICI Bank	710.22	99.50%	0.43%	0.07%
5	HDFC Bank Ltd	349.03	99.09%	0.83%	0.09%
6	State Bank Of India	296.27	99.38%	0.45%	0.17%
7	Federal Bank	101.31	97.97%	1.35%	0.67%
8	IndusInd Bank	37.80	98.83%	0.72%	0.45%
9	Airtel Payments Bank	25.89	99.00%	0.87%	0.13%
10	Kotak Mahindra Bank	23.64	99.22%	0.41%	0.37%
11	IDFC FIRST Bank	14.39	98.24%	0.34%	1.42%
12	Citibank	10.57	99.19%	0.76%	0.05%
13	BHIM	8.75	98.54%	1.43%	0.04%
14	Bank of Baroda	6.44	99.82%	0.16%	0.03%
15	AU small Finance Bank	4.98	99.08%	0.56%	0.36%

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.

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - August 22

Sr. No.	Name of Banks #
1	Abhyudaya Co-operative Bank Ltd
2	Axis Bank Ltd.
3	Bandhan Bank
4	Bank of Baroda
5	Bassein Catholic Co-operative Bank
6	Canara Bank
7	Central Bank Of India
8	City Union Bank
9	CSB Bank
10	Dhanlaxmi Bank Ltd
11	Equitas Small Finance Bank
12	ESAF Small Finance Bank
13	Federal Bank
14	Fincare Small Finance Bank Ltd
15	HSBC
16	ICICI Bank
17	Indian Bank
18	IndusInd Bank
19	Karnataka Gramin Bank
20	Karur Vysya Bank
21	Kerala Gramin Bank
22	Punjab and Sind Bank
23	Rajgurunagar Sahakari Bank Ltd
24	RBL Bank
25	Shivalik Mercantile Co-operative Bank Ltd
26	South Indian Bank
27	Sree Charan Souhardha Co-Operative Bank
28	Standard Chartered
29	Suryoday Small Finance Bank Ltd.
30	Svc co-operative bank ltd
31	The Commercial Coop Bank Limited Kolhapur.
32	The Kalupur Commercial Co-operative Bank Ltd
33	UCO Bank
34	AU Small Finance Bank
35	Bank of India
36	DCB Bank
37	Janata Sahakari Bank Ltd. Pune
38	Maharashtra State Co-op Bank Ltd
39	SBM Bank India
40	Chaitanya Godavari Grameena Bank

Note:

# These are list of banks live on UDIR (i.e. for status update & credit/ reversal processing for pending transactions) in the current month

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - August 22

Sr. No.	Name of APP #
1	Axis Bank APP
2	Citibank APP
3	Canara Bank APP
4	Federal Bank APP
5	Jio Payments Bank APP
6	HSBC Bank APP
7	Standard Chartered Bank APP
8	BHIM APP
9	Gpay (Live on HDFC handle)
10	PhonePe
11	HDFC Bank APP (PayZapp)

Note:

# List of APPs live for checking the status of Transaction/complaint and raising complaints under UDIR

UPI Merchant Category Classification - August 22

UPI Merchant Category-wise Classification - August'22
Type	MCC	Description
High Transacting Categories	5411	Groceries And Supermarkets
	4814	Telecommunication Services, Including Local And Long Distance Calls, Credit Card Calls, Calls Through Use Of Magnetic Stripe Reading Telephones And Faxes
	5812	Eating Places And Restaurants
	7299	Miscellaneous Personal Services Not Elsewhere Classified
	5816	Digital Goods – Games
	5541	Service Stations (With Or Without Ancillary Services)
	5499	Miscellaneous Food Shops Convenience And Speciality Retail Outlets
	5814	Fast Food Restaurants
	5912	Drug Stores And Pharmacies
	5999	Miscellaneous And Speciality Retail Outlets
Medium Transacting Categories	5462	Bakeries
	5399	Miscellaneous General Merchandise
	6540	Debit Card To Wallet Credit (Wallet Top Up)*
	5311	Department Stores
	7322	Debt Collection Agencies
	4900	Utilities - Electric, Gas, Water And Sanitary
	5813	Drinking Places (Alcoholic Beverages) - Bars, Taverns, Night-Clubs, Cocktail Lounges And Discothèques
	5451	Dairies
	6012	Financial Institutions - Merchandise And Services
	5699	Miscellaneous Apparel And Accessory Shops
All Other Categories	7399	Business Services Not Elsewhere Classified
	4899	Cable And Other Pay Television Services
	6211	Securities - Brokers And Dealers
	5732	Electronics Shops
	4214	Motor Freight Carriers And Trucking - Local And Long Distance, Moving And Storage Companies And Local Delivery
	9399	Government Services - Not Elsewhere Classified
	5172	Petroleum And Petroleum Products
	5111	Stationery, Office Supplies And Printing And Writing Paper
	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

UPI Top 50 Banks Performance (Jul'22)

UPI Remitter Banks - Top 50 Banks (Jul'22)
Sr. No.	UPI Remitter Banks (Jul-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,709.44	92.06%	7.26%	0.68%	7.91	98.83%
2	HDFC Bank Ltd	570.34	94.55%	5.37%	0.08%	2.44	98.77%
3	Bank of Baroda	405.95	92.49%	6.45%	1.06%	2.25	90.55%
4	Union Bank of India	391.00	92.15%	7.54%	0.31%	2.10	88.40%
5	ICICI Bank	359.49	94.96%	4.66%	0.38%	1.71	89.64%
6	Axis Bank Ltd	328.07	92.97%	6.05%	0.97%	1.41	75.12%
7	Paytm Payments Bank	315.91	95.75%	4.20%	0.05%	0.95	97.56%
8	Punjab National Bank	289.34	91.83%	7.17%	1.00%	2.23	84.58%
9	Canara Bank	285.57	90.64%	7.89%	1.46%	2.75	86.45%
10	Kotak Mahindra Bank	270.94	91.92%	5.50%	2.58%	3.38	93.26%
11	Bank of India	220.54	93.85%	5.00%	1.14%	1.42	76.35%
12	Indian Bank	162.24	93.56%	5.81%	0.62%	0.89	90.44%
13	Central Bank Of India	118.89	76.28%	11.99%	11.73%	5.90	44.99%
14	Federal Bank	103.47	94.26%	5.60%	0.14%	0.44	98.74%
15	Airtel Payments Bank	102.04	86.79%	10.77%	2.43%	1.34	77.32%
16	Yes Bank Ltd	92.32	94.86%	4.97%	0.17%	0.00	0.00%
17	IDBI Bank Limited	86.00	95.04%	4.23%	0.73%	0.52	91.46%
18	India Post Payment Bank	84.67	79.18%	17.59%	3.23%	0.96	61.38%
19	Indian Overseas Bank	81.55	93.44%	5.54%	1.02%	0.55	95.45%
20	Bank of Maharashtra	77.46	93.20%	5.43%	1.36%	0.56	84.20%
21	UCO Bank	70.69	92.80%	6.35%	0.84%	0.50	74.32%
22	Karnataka Bank	57.65	81.72%	7.60%	10.68%	1.58	17.35%
23	IndusInd Bank	56.37	93.04%	6.64%	0.33%	0.29	97.26%
24	IDFC FIRST Bank	42.82	92.75%	5.68%	1.57%	0.32	54.88%
25	Fino Payments Bank	40.16	82.06%	14.63%	3.31%	0.57	61.82%
26	Karur Vysya Bank	36.87	91.30%	7.43%	1.27%	0.21	89.21%
27	Bandhan Bank	28.23	85.08%	12.44%	2.48%	0.26	77.34%
28	South Indian Bank	26.24	92.36%	6.74%	0.90%	0.00	0.00%
29	Equitas Small Finance Bank	20.88	82.94%	15.50%	1.56%	0.14	85.58%
30	City Union Bank	19.61	91.76%	7.19%	1.06%	0.00	0.00%
31	Citibank	17.63	95.76%	4.06%	0.18%	0.00	0.00%
32	Ujjivan Small Finance Bank	16.75	87.88%	8.39%	3.73%	0.19	64.85%
33	DBS Bank Ltd	16.62	95.16%	4.60%	0.24%	0.00	0.00%
34	Standard Chartered	16.55	95.63%	2.81%	1.56%	0.00	0.00%
35	Tamilnad Mercantile Bank	16.46	89.24%	7.87%	2.88%	0.00	0.00%
36	AU small Finance Bank	15.99	93.31%	6.44%	0.26%	0.00	0.00%
37	Punjab and Sind Bank	15.97	90.47%	9.37%	0.16%	0.01	0.00%
38	Andhra Pradesh Grameena Vikas Bank	15.70	65.92%	24.61%	9.46%	0.00	0.00%
39	Maharashtra Gramin Bank	15.50	55.41%	30.04%	14.55%	0.00	0.00%
40	Pragathi Krishna Gramin Bank	15.08	85.77%	11.38%	2.85%	0.01	0.00%
41	Jammu and Kashmir Bank	14.74	89.61%	8.06%	2.33%	0.00	0.00%
42	Saraswat Bank	12.72	95.39%	4.19%	0.42%	0.00	0.00%
43	Rajasthan Marudhara Gramin Bank	10.97	64.02%	24.95%	11.03%	0.01	0.00%
44	ESAF Small Finance Bank Ltd.	9.77	84.55%	13.31%	2.13%	0.01	0.00%
45	Kerala Gramin Bank	9.60	87.07%	11.28%	1.65%	0.00	0.00%
46	Andhra Pragathi Grameena Bank	9.17	78.15%	17.64%	4.21%	0.18	86.64%
47	Sarva Haryana Gramin Bank	8.75	81.14%	10.97%	7.89%	0.01	0.00%
48	RBL Bank	7.99	89.82%	8.06%	2.12%	0.01	0.00%
49	Telangana Grameena bank	7.27	64.67%	20.32%	15.00%	0.00	0.00%
50	Karnataka Vikas Grameena Bank	6.78	83.41%	14.24%	2.34%	0.01	0.00%

UPI Top 50 Banks Performance (Jul'22)

UPI Beneficiary Banks - Top 50 Banks (Jul'22)
Sr.No.	UPI Beneficiary Banks (Jul-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
Sr.No.	UPI Beneficiary Banks	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1,469.60	99.49%	0.49%	0.02%	0.00%
2	Yes Bank Ltd	813.04	99.93%	0.03%	0.02%	0.02%
3	State Bank Of India	802.56	99.30%	0.28%	0.31%	0.11%
4	Axis Bank Ltd	498.78	97.68%	1.07%	0.99%	0.25%
5	ICICI Bank	449.31	99.41%	0.39%	0.13%	0.07%
6	HDFC Bank Ltd	328.73	99.30%	0.62%	0.06%	0.02%
7	Bank of Baroda	214.14	98.62%	0.35%	0.91%	0.13%
8	Union Bank of India	206.94	99.57%	0.29%	0.10%	0.04%
9	Canara Bank	156.60	98.42%	0.51%	0.71%	0.36%
10	Punjab National Bank	147.86	98.23%	0.52%	0.81%	0.43%
11	Federal Bank	137.96	99.68%	0.24%	0.07%	0.00%
12	Kotak Mahindra Bank	131.98	97.89%	0.60%	1.02%	0.49%
13	Bank of India	121.89	98.63%	0.25%	0.97%	0.15%
14	Indian Bank	84.27	99.03%	0.23%	0.60%	0.14%
15	Airtel Payments Bank	75.84	98.00%	0.42%	1.08%	0.50%
16	IndusInd Bank	64.82	99.06%	0.56%	0.26%	0.12%
17	Central Bank Of India	58.88	91.07%	0.96%	6.19%	1.78%
18	IDBI Bank Limited	47.40	98.97%	0.52%	0.44%	0.06%
19	Indian Overseas Bank	45.41	99.02%	0.29%	0.43%	0.27%
20	UCO Bank	39.36	98.18%	0.70%	0.87%	0.25%
21	India Post Payment Bank	39.12	97.27%	0.52%	1.93%	0.28%
22	Bank of Maharashtra	37.57	98.29%	0.24%	1.02%	0.45%
23	IDFC FIRST Bank	30.46	96.11%	1.96%	1.65%	0.28%
24	Karnataka Bank	29.07	90.60%	0.84%	6.62%	1.95%
25	Karur Vysya Bank	24.19	98.69%	0.44%	0.81%	0.06%
26	South Indian Bank	18.50	98.66%	0.58%	0.72%	0.05%
27	Bandhan Bank	18.16	97.07%	0.47%	2.31%	0.14%
28	Fino Payments Bank	15.30	94.89%	2.35%	2.28%	0.48%
29	AU small Finance Bank	14.00	97.86%	1.87%	0.14%	0.13%
30	Citibank	13.54	99.42%	0.43%	0.07%	0.08%
31	City Union Bank	11.88	98.39%	0.76%	0.75%	0.10%
32	Tamilnad Mercantile Bank	10.64	97.26%	0.33%	2.13%	0.28%
33	Equitas Small Finance Bank	10.33	96.37%	2.10%	1.35%	0.17%
34	Ujjivan Small Finance Bank	9.71	96.06%	0.31%	3.31%	0.32%
35	Pragathi Krishna Gramin Bank	8.73	97.83%	0.33%	1.23%	0.61%
36	Punjab and Sind Bank	8.19	99.59%	0.25%	0.12%	0.03%
37	Andhra Pradesh Grameena Vikas Bank	7.20	85.71%	7.43%	4.19%	2.67%
38	DBS Bank Ltd	6.85	97.66%	2.12%	0.18%	0.04%
39	Maharashtra Gramin Bank	6.74	77.95%	10.74%	9.35%	1.96%
40	Jammu and Kashmir Bank	6.67	97.77%	0.79%	1.37%	0.06%
41	Kerala Gramin Bank	6.41	98.37%	0.55%	0.65%	0.43%
42	Saraswat Bank	5.80	99.40%	0.20%	0.37%	0.03%
43	ESAF Small Finance Bank Ltd.	5.62	98.52%	0.21%	1.02%	0.25%
44	Rajasthan Marudhara Gramin Bank	5.53	83.06%	8.62%	6.35%	1.97%
45	RBL Bank	5.39	97.36%	1.50%	1.01%	0.13%
46	Andhra Pragathi Grameena Bank	5.07	96.28%	0.66%	1.98%	1.09%
47	Sarva Haryana Gramin Bank	4.85	82.68%	0.60%	16.15%	0.57%
48	Baroda UP Gramin Bank	4.47	93.01%	2.87%	3.44%	0.68%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.01	92.51%	2.09%	4.84%	0.56%
50	HSBC Bank	3.79	97.79%	1.91%	0.21%	0.09%

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 (Jul'22)

UPI Apps (Jul'22)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	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	7.40	555.09	-	-	0.00	0.00	0.00	0.16	7.41	555.26
2	Allahabad Bank Apps	0.03	6.95	-	-	-	-	-	-	0.03	6.95
3	Amazon Pay	68.77	6,751.80	-	-	-	-	-	-	68.77	6,751.80
4	AU Small Finance Bank Apps	0.42	131.49	-	-	-	-	-	-	0.42	131.49
5	Axis Bank Apps	7.35	1,174.32	46.63	38.10	0.02	1.53	-	-	53.99	1,213.95
6	Bajaj Finserv	1.95	128.52	-	-	-	-	-	-	1.95	128.52
7	Bajaj Markets	0.02	1.66	-	-	-	-	-	-	0.02	1.66
8	Bandhan Bank Apps	0.01	1.35	-	-	-	-	-	-	0.01	1.35
9	Bank of Baroda Apps	0.88	354.45	-	-	0.00	0.00	-	-	0.88	354.45
10	Bank of India Apps	0.15	46.44	-	-	-	-	-	-	0.15	46.44
11	Bank of Maharashtra Apps	0.06	16.47	-	-	-	-	-	-	0.06	16.47
12	BHIM	24.48	7,823.95	-	-	-	-	-	-	24.48	7,823.95
13	Canara Bank Apps	0.47	128.79	-	-	-	-	-	-	0.47	128.79
14	Central Bank of India Apps	0.22	58.37	-	-	0.00	0.00	-	-	0.22	58.37
15	Citi Bank Apps	0.11	63.66	-	-	0.00	0.00	-	-	0.11	63.66
16	City Union Bank Apps	0.03	10.19	-	-	-	-	-	-	0.03	10.19
17	Cointab	0.07	27.30	-	-	-	-	-	-	0.07	27.30
18	Cred	14.89	19,716.43	-	-	-	-	-	-	14.89	19,716.43
19	DBS Digibank Apps	0.47	179.27	-	-	-	-	-	-	0.47	179.27
20	Deutsche Bank Apps	1.87	116.00	-	-	0.00	0.01	-	-	1.87	116.01
21	Dhanlaxmi Bank Apps	0.01	2.86	-	-	-	-	-	-	0.01	2.86
22	Equitas Small Finance Bank Apps	0.01	4.89	-	-	-	-	-	-	0.01	4.89
23	Fave	0.16	11.06	-	-	-	-	-	-	0.16	11.06
24	Federal Bank Apps	3.85	539.55	-	-	0.00	0.00	-	-	3.85	539.55
25	Fino Payments Bank Apps	0.06	4.26	-	-	-	-	-	-	0.06	4.26
26	GoIbibo	0.01	5.10	-	-	-	-	-	-	0.01	5.10
27	Google Pay	2,130.63	3,66,669.09	-	-	-	-	-	-	2,130.63	3,66,669.09
28	Groww	0.49	290.31	-	-	-	-	-	-	0.49	290.31
29	HDFC Bank Apps	9.38	2,341.28	-	-	-	-	-	-	9.38	2,341.28
30	HSBC Bank Apps	0.11	68.43	0.00	0.04	0.00	0.00	-	-	0.11	68.47
31	ICICI Bank Apps	32.53	7,745.19	0.46	32.24	4.36	3,731.87	-	-	37.34	11,509.29
32	IDBI Bank Apps	0.03	16.42	-	-	-	-	-	-	0.03	16.42
33	IDFC Bank Apps	8.28	645.34	-	-	0.00	0.00	-	-	8.28	645.34
34	India Post Payments Bank Apps	4.08	480.59	-	-	-	-	-	-	4.08	480.59
35	Indian Bank Apps	0.20	58.15	-	-	0.01	13.23	-	-	0.21	71.39
36	Indian Overseas Bank Apps	0.01	3.74	-	-	-	-	-	-	0.01	3.74
37	IndusInd Bank Apps	0.99	1,652.26	-	-	-	-	-	-	0.99	1,652.26
38	Janata Sahakari Bank Apps	0.01	4.15	-	-	-	-	-	-	0.01	4.15
39	Jio Payments Bank Apps	1.90	116.59	-	-	-	-	-	-	1.90	116.59
40	Jupiter	2.10	254.14	-	-	-	-	-	-	2.10	254.14
41	Karnataka Bank Apps	0.35	48.01	-	-	-	-	-	-	0.35	48.01
42	Karur Vysya Bank Apps	0.04	15.66	-	-	-	-	-	-	0.04	15.66
43	Kotak Mahindra Bank Apps	8.86	1,815.87	-	-	0.00	0.46	-	-	8.86	1,816.33
44	MakeMyTrip	0.13	58.19	-	-	-	-	-	-	0.13	58.19
45	MI Pay	0.16	26.98	-	-	-	-	-	-	0.16	26.98
46	Mobikwik	2.48	462.17	-	-	-	-	-	-	2.48	462.17
47	NSDL Payments Bank Apps	0.02	3.50	-	-	-	-	-	-	0.02	3.50
48	Paytm Payments Bank App	828.63	94,507.77	0.55	1.91	0.38	465.62	104.32	16,174.36	933.88	1,11,149.66
49	PhonePe	2,993.83	5,24,742.49	-	-	-	-	-	-	2,993.83	5,24,742.49
50	Punjab National Bank Apps	0.07	35.70	-	-	-	-	-	-	0.07	35.70
51	Punjab Sind Bank Apps	0.01	4.03	-	-	-	-	-	-	0.01	4.03
52	RBL Bank Apps	0.52	120.48	-	-	0.02	0.69	-	-	0.54	121.17
53	Samsung Pay	4.05	472.39	-	-	-	-	-	-	4.05	472.39
54	South Indian Bank Apps	0.15	46.97	-	-	-	-	-	-	0.15	46.97
55	Standard Chartered Bank Apps	0.14	74.11	-	-	-	-	-	-	0.14	74.11
56	State Bank of India Apps	4.15	2,013.47	-	-	0.00	0.00	-	-	4.15	2,013.47
57	Tamilnad Mercantile Bank Apps	0.05	6.78	-	-	-	-	-	-	0.05	6.78
58	TataNeu	0.11	17.26	-	-	-	-	-	-	0.11	17.26
59	TJSB Bank Apps	0.01	2.26	-	-	-	-	-	-	0.01	2.26
60	UCO Bank Apps	0.22	46.83	-	-	-	-	-	-	0.22	46.83
61	Ultracash	0.03	2.08	-	-	-	-	-	-	0.03	2.08
62	Union Bank Apps	0.49	208.03	-	-	-	-	-	-	0.49	208.03
63	Utkarsh Small Finance Bank Apps	0.02	4.55	-	-	-	-	-	-	0.02	4.55
64	WhatsApp	6.18	502.00	-	-	-	-	-	-	6.18	502.00
65	Yes Bank Apps	55.35	13,868.41	0.00	0.00	5.45	1,367.63	-	-	60.80	15,236.04
66	YuvaPay	0.01	21.38	-	-	-	-	-	-	0.01	21.38
67	Others	0.02	5.15	-	-	-	-	-	-	0.02	5.15

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 forty (40) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Jul'22	6,288.40	10,62,991.76	3,289.15	8,32,265.84	2,999.25	2,30,725.92

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 (Jul'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,353.60	98.49%	1.49%	0.01%
2	Axis Bank Ltd	1,046.37	98.48%	1.51%	0.01%
3	ICICI Bank	871.87	98.41%	1.57%	0.01%
4	Paytm Payments Bank	846.93	97.95%	2.03%	0.02%
5	State Bank Of India	624.19	98.39%	1.59%	0.02%
6	HDFC Bank Ltd	577.08	98.86%	1.13%	0.01%
7	BHIM	26.21	93.40%	6.54%	0.07%
8	IDFC FIRST Bank	9.39	90.11%	9.85%	0.04%
9	Kotak Mahindra Bank	9.15	96.80%	3.19%	0.01%
10	Airtel Payments Bank	7.71	96.00%	3.86%	0.14%
11	India Post Payment Bank	4.19	97.33%	2.66%	0.01%
12	Federal Bank	4.03	97.17%	2.81%	0.02%
13	Jio Payments Bank	1.99	95.70%	3.91%	0.39%
14	Deutsche Bank	1.88	99.95%	0.05%	0.00%
15	IndusInd Bank	1.04	97.65%	2.34%	0.01%

UPI Payee PSP Performance (Jul'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,256.82	99.59%	0.37%	0.03%
2	Paytm Payments Bank	1,430.47	99.62%	0.36%	0.02%
3	Axis Bank Ltd	799.31	97.15%	2.53%	0.32%
4	ICICI Bank	670.95	99.60%	0.36%	0.05%
5	HDFC Bank Ltd	328.22	99.18%	0.75%	0.07%
6	State Bank Of India	295.76	98.77%	0.60%	0.63%
7	Federal Bank	92.76	93.27%	2.98%	3.74%
8	IndusInd Bank	35.12	98.68%	0.62%	0.70%
9	Kotak Mahindra Bank	21.69	98.56%	0.84%	0.60%
10	Airtel Payments Bank	19.26	98.83%	0.98%	0.19%
11	IDFC FIRST Bank	13.15	97.49%	1.12%	1.39%
12	Citibank	11.18	99.09%	0.77%	0.14%
13	BHIM	8.40	99.17%	0.72%	0.11%
14	Bank of Baroda	6.22	98.93%	0.79%	0.28%
15	AU small Finance Bank	4.48	98.93%	0.77%	0.30%

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.

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - July 22

Sr. No.	Name of Banks #
1	Axis Bank Ltd.
2	Bank of Baroda
3	Canara Bank
4	Central Bank Of India
5	City Union Bank
6	Dhanlaxmi Bank Ltd
7	Equitas Bank
8	Federal Bank
9	Fincare Small Finance Bank Ltd
10	HSBC
11	ICICI Bank
12	Indian Bank
13	INDUSIND BANK
14	Karur Vysya Bank
15	Kerala Gramin Bank
16	Karnataka Gramin Bank
17	Punjab and Sind Bank
18	Rajgurunagar Sahakar
19	Shivalik Mercantile Co-operative Bank Ltd
20	South Indian Bank
21	Standard Chartered
22	Suryoday Small Finance Bank Ltd.
23	Svc co-operative bank ltd
24	The Commercial Coop Bank Limited Kolhapur.
25	UCO Bank
26	Abhyudaya Co-operative Bank Ltd
27	Bandhan Bank
28	Bassein Catholic Co-operative Bank
29	CSB BANK LTD
30	ESAF Small Finance Bank
31	RBL Bank
32	Sree Charan Souhardha Co-Operative Bank
33	The Kalupur Commercial Co-operative Bank Ltd

Note:

# These are list of banks live on UDIR (i.e. for status update & credit/ reversal processing for pending transactions) in the current month

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - July 22

Sr. No.	Name of APP #
1	Axis Bank APP
2	Citibank APP
3	Canara Bank APP
4	Federal Bank APP
5	Jio Payments Bank APP
6	HSBC Bank APP
7	Standard Chartered Bank APP
8	BHIM APP
9	Gpay (Live on HDFC handle)

Note:

# List of APPs live for checking the status of Transaction/complaint and raising complaints under UDIR

UPI Top 50 Banks Performance (Jun'22)

UPI Remitter Banks - Top 50 Banks (Jun'22)
Sr. No.	UPI Remitter Banks (Jun-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,625.09	87.98%	6.96%	5.06%	13.07	84.61%
2	HDFC Bank Ltd	529.76	94.44%	5.48%	0.08%	1.91	98.92%
3	Bank of Baroda	383.61	92.40%	6.42%	1.17%	3.90	83.45%
4	Union Bank of India	368.31	91.07%	7.50%	1.42%	3.17	65.94%
5	ICICI Bank	343.52	94.84%	4.69%	0.47%	1.19	92.67%
6	Axis Bank Ltd	309.01	94.74%	4.44%	0.81%	1.28	77.52%
7	Paytm Payments Bank	307.30	95.64%	4.30%	0.06%	0.97	98.11%
8	Punjab National Bank	274.44	93.08%	6.30%	0.62%	1.51	94.65%
9	Canara Bank	267.83	90.84%	8.49%	0.67%	1.33	92.04%
10	Kotak Mahindra Bank	251.49	93.80%	5.42%	0.78%	1.45	95.74%
11	Bank of India	210.67	94.65%	5.11%	0.24%	0.92	94.42%
12	Indian Bank	151.58	93.34%	6.09%	0.57%	0.63	93.35%
13	Central Bank Of India	111.89	88.47%	5.71%	5.82%	2.74	45.95%
14	Federal Bank	96.37	93.17%	5.93%	0.90%	0.40	96.69%
15	Airtel Payments Bank	90.81	86.71%	11.53%	1.76%	1.03	78.65%
16	India Post Payment Bank	87.61	59.80%	30.90%	9.29%	1.78	36.51%
17	IDBI Bank Limited	81.74	95.01%	4.28%	0.71%	0.43	89.09%
18	Indian Overseas Bank	76.90	93.23%	5.64%	1.13%	0.60	93.29%
19	Bank of Maharashtra	73.73	93.88%	5.12%	1.00%	0.38	86.43%
20	Yes Bank Ltd	73.71	91.72%	7.85%	0.43%	0.20	0.00%
21	UCO Bank	65.98	93.13%	6.26%	0.61%	0.43	76.01%
22	Karnataka Bank	55.02	83.56%	6.95%	9.49%	1.24	13.85%
23	IndusInd Bank	52.65	91.38%	7.97%	0.65%	0.24	93.25%
24	Fino Payments Bank	41.21	66.16%	30.38%	3.46%	0.43	67.02%
25	IDFC FIRST Bank	38.90	91.48%	5.75%	2.78%	0.39	44.99%
26	Karur Vysya Bank	35.43	88.81%	9.87%	1.32%	0.15	87.59%
27	Bandhan Bank	27.40	79.51%	19.18%	1.31%	0.20	70.51%
28	South Indian Bank	24.62	92.55%	6.06%	1.39%	0.17	95.31%
29	Equitas Small Finance Bank	19.63	80.09%	14.41%	5.50%	0.19	54.91%
30	City Union Bank	18.76	90.71%	7.80%	1.49%	0.08	97.82%
31	Citibank	16.78	94.68%	4.29%	1.03%	0.04	97.83%
32	Andhra Pradesh Grameena Vikas Bank	16.62	57.71%	26.61%	15.68%	0.86	4.74%
33	Ujjivan Small Finance Bank	16.55	78.84%	8.44%	12.72%	0.53	33.80%
34	DBS Bank Ltd	15.97	95.26%	4.51%	0.23%	0.06	98.00%
35	Standard Chartered	15.71	96.23%	2.91%	0.85%	0.10	93.20%
36	Maharashtra Gramin Bank	15.47	62.03%	30.64%	7.34%	0.24	38.02%
37	Tamilnad Mercantile Bank	15.15	91.78%	7.89%	0.34%	0.07	51.39%
38	AU small Finance Bank	14.75	92.86%	6.38%	0.76%	0.10	0.12%
39	Punjab and Sind Bank	14.74	88.65%	10.05%	1.30%	0.10	73.94%
40	Jammu and Kashmir Bank	14.49	82.17%	10.43%	7.40%	0.24	52.29%
41	Pragathi Krishna Gramin Bank	14.22	85.56%	11.59%	2.85%	0.20	50.32%
42	Saraswat Bank	12.07	95.01%	3.76%	1.24%	0.07	79.77%
43	Rajasthan Marudhara Gramin Bank	10.16	66.27%	18.83%	14.89%	0.51	3.21%
44	ESAF Small Finance Bank Ltd.	9.76	77.62%	19.54%	2.84%	0.07	69.48%
45	Andhra Pragathi Grameena Bank	9.28	70.20%	22.28%	7.52%	0.24	59.93%
46	Kerala Gramin Bank	9.11	86.27%	12.11%	1.62%	0.07	57.57%
47	Sarva Haryana Gramin Bank	8.27	79.00%	7.65%	13.35%	0.21	40.18%
48	RBL Bank	7.41	89.69%	8.95%	1.36%	0.04	83.50%
49	Telangana Grameena bank	6.79	74.54%	21.67%	3.79%	0.15	19.01%
50	Karnataka Vikas Grameena Bank	6.78	78.29%	18.22%	3.49%	0.10	45.45%

UPI Top 50 Banks Performance (Jun'22)

UPI Beneficiary Banks - Top 50 Banks (Jun'22)
Sr.No.	UPI Beneficiary Banks (Jun-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1,370.06	99.66%	0.32%	0.03%	0.00%
2	State Bank Of India	764.66	95.87%	0.29%	3.64%	0.21%
3	Yes Bank Ltd	731.88	99.90%	0.04%	0.03%	0.03%
4	Axis Bank Ltd	483.14	99.20%	0.15%	0.54%	0.11%
5	ICICI Bank	414.15	99.46%	0.41%	0.10%	0.03%
6	HDFC Bank Ltd	302.98	99.28%	0.66%	0.04%	0.02%
7	Bank of Baroda	202.60	98.92%	0.37%	0.27%	0.44%
8	Union Bank of India	197.70	98.57%	0.28%	0.91%	0.24%
9	Canara Bank	148.36	98.97%	0.52%	0.41%	0.10%
10	Punjab National Bank	142.40	98.66%	0.52%	0.61%	0.21%
11	Federal Bank	122.19	99.29%	0.28%	0.42%	0.01%
12	Kotak Mahindra Bank	120.07	99.02%	0.60%	0.23%	0.15%
13	Bank of India	116.98	99.52%	0.27%	0.18%	0.03%
14	Indian Bank	79.66	99.23%	0.23%	0.50%	0.05%
15	Airtel Payments Bank	66.91	98.66%	0.37%	0.68%	0.29%
16	IndusInd Bank	63.00	98.64%	0.68%	0.47%	0.21%
17	Central Bank Of India	59.63	95.05%	0.68%	3.37%	0.90%
18	IDBI Bank Limited	45.27	98.91%	0.64%	0.38%	0.08%
19	Indian Overseas Bank	43.21	99.02%	0.30%	0.33%	0.34%
20	UCO Bank	37.03	98.92%	0.48%	0.40%	0.20%
21	Bank of Maharashtra	35.99	98.55%	0.25%	0.93%	0.27%
22	India Post Payment Bank	34.23	92.43%	0.59%	6.57%	0.41%
23	Karnataka Bank	28.66	91.84%	0.59%	6.09%	1.48%
24	IDFC FIRST Bank	25.28	95.44%	1.43%	2.61%	0.51%
25	Karur Vysya Bank	23.10	98.33%	0.34%	1.29%	0.04%
26	South Indian Bank	17.51	98.61%	0.41%	0.95%	0.02%
27	Bandhan Bank	16.73	98.24%	0.51%	1.12%	0.12%
28	Fino Payments Bank	13.59	93.98%	2.35%	3.39%	0.28%
29	AU small Finance Bank	12.92	97.85%	1.58%	0.44%	0.13%
30	Citibank	12.15	99.28%	0.50%	0.22%	0.00%
31	City Union Bank	11.47	98.36%	0.73%	0.89%	0.02%
32	Equitas Small Finance Bank	9.94	92.75%	3.10%	3.79%	0.36%
33	Tamilnad Mercantile Bank	9.88	99.51%	0.24%	0.15%	0.10%
34	Ujjivan Small Finance Bank	9.41	88.59%	0.29%	9.69%	1.43%
35	Pragathi Krishna Gramin Bank	8.27	97.73%	0.32%	1.35%	0.60%
36	Andhra Pradesh Grameena Vikas Bank	7.71	80.24%	9.19%	8.62%	1.95%
37	Punjab and Sind Bank	7.62	97.81%	0.30%	1.75%	0.14%
38	Maharashtra Gramin Bank	6.99	85.10%	9.54%	5.06%	0.30%
39	DBS Bank Ltd	6.61	98.10%	1.73%	0.11%	0.06%
40	Jammu and Kashmir Bank	6.36	91.75%	2.56%	5.40%	0.29%
41	Kerala Gramin Bank	6.12	98.67%	0.42%	0.62%	0.29%
42	Saraswat Bank	5.52	98.76%	0.18%	0.99%	0.07%
43	ESAF Small Finance Bank Ltd.	5.32	97.79%	0.25%	1.62%	0.34%
44	RBL Bank	5.22	97.67%	1.44%	0.83%	0.06%
45	Rajasthan Marudhara Gramin Bank	5.21	85.56%	4.92%	7.83%	1.68%
46	Andhra Pragathi Grameena Bank	5.17	88.19%	5.00%	5.27%	1.53%
47	Sarva Haryana Gramin Bank	4.66	78.69%	0.47%	19.77%	1.07%
48	Baroda UP Gramin Bank	4.29	88.20%	3.24%	7.48%	1.08%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.00	88.74%	2.01%	8.05%	1.20%
50	Karnataka Vikas Grameena Bank	3.65	94.99%	2.99%	1.98%	0.04%

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 (Jun'22)

UPI Apps (Jun'22)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	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	6.38	506.14	0.00	0.00	-	-	0.00	0.06	6.38	506.20
2	Allahabad Bank Apps	0.02	6.79	-	-	-	-	-	-	0.02	6.79
3	Amazon Pay	68.40	6,541.84	-	-	-	-	-	-	68.40	6,541.84
4	AU Small Finance Bank Apps	0.38	120.24	-	-	-	-	-	-	0.38	120.24
5	Axis Bank Apps	6.96	1,217.71	0.11	11.05	45.53	39.61	-	-	52.60	1,268.38
6	Bajaj Finserv	1.16	85.49	-	-	-	-	-	-	1.16	85.49
7	Bajaj Markets	0.01	1.20	-	-	-	-	-	-	0.01	1.20
8	Bank of Baroda Apps	0.83	347.72	0.00	0.00	-	-	-	-	0.83	347.72
9	Bank of India Apps	0.13	41.82	-	-	-	-	-	-	0.13	41.82
10	Bank of Maharashtra Apps	0.06	15.77	-	-	-	-	-	-	0.06	15.77
11	BHIM	22.60	7,527.98	-	-	-	-	-	-	22.60	7,527.98
12	Canara Bank Apps	0.34	109.78	-	-	-	-	-	-	0.34	109.78
13	Central Bank of India Apps	0.15	54.06	-	-	-	-	-	-	0.15	54.06
14	Citi Bank Apps	0.13	63.54	0.00	0.00	-	-	-	-	0.13	63.54
15	City Union Bank Apps	0.03	8.72	-	-	-	-	-	-	0.03	8.72
16	Cointab	0.06	23.99	-	-	-	-	-	-	0.06	23.99
17	Cred	13.40	17,583.25	-	-	-	-	-	-	13.40	17,583.25
18	DBS Digibank Apps	0.46	171.69	-	-	-	-	-	-	0.46	171.69
19	Deutsche Bank Apps	1.51	99.12	0.00	0.00	-	-	-	-	1.51	99.12
20	Dhanlaxmi Bank Apps	0.01	2.70	-	-	-	-	-	-	0.01	2.70
21	Equitas Small Finance Bank Apps	0.01	3.87	-	-	-	-	-	-	0.01	3.87
22	Fave	0.12	6.94	-	-	-	-	-	-	0.12	6.94
23	Federal Bank Apps	3.55	494.21	-	-	-	-	-	-	3.55	494.21
24	Fino Payments bank Apps	0.05	3.17	-	-	-	-	-	-	0.05	3.17
25	Finshell Pay	0.10	5.30	-	-	-	-	-	-	0.10	5.30
26	GoIbibo	0.01	3.87	-	-	-	-	-	-	0.01	3.87
27	Google Pay	2,025.89	3,55,137.20	-	-	-	-	-	-	2,025.89	3,55,137.20
28	Groww	0.72	416.73	-	-	-	-	-	-	0.72	416.73
29	HDFC Bank Apps	8.24	2,066.22	-	-	-	-	-	-	8.24	2,066.22
30	HSBC Bank Apps	0.11	61.38	0.00	0.00	0.00	0.00	-	-	0.11	61.39
31	ICICI Bank Apps	35.25	6,931.44	4.11	3,270.67	0.01	0.03	-	-	39.37	10,202.14
32	IDBI Bank Apps	0.03	15.71	-	-	-	-	-	-	0.03	15.71
33	IDFC Bank Apps	7.03	663.65	0.00	0.00	-	-	-	-	7.03	663.65
34	India Post Payments Bank Apps	3.98	467.34	-	-	-	-	-	-	3.98	467.34
35	Indian Bank Apps	0.17	53.30	0.00	0.38	-	-	-	-	0.17	53.68
36	Indian Overseas Bank Apps	0.01	2.98	-	-	-	-	-	-	0.01	2.98
37	IndusInd Bank Apps	1.00	1,645.13	-	-	-	-	-	-	1.00	1,645.13
38	Janata Sahakari Bank Apps	0.01	4.47	-	-	-	-	-	-	0.01	4.47
39	Jio Payments Bank Apps	1.87	116.34	-	-	-	-	-	-	1.87	116.34
40	Jupiter	1.89	223.22	-	-	-	-	-	-	1.89	223.22
41	Jupiter Edge (LivQuick PPI)	0.13	8.72	-	-	-	-	-	-	0.13	8.72
42	Karnataka Bank Apps	0.32	43.13	-	-	-	-	-	-	0.32	43.13
43	Karur Vysya Bank Apps	0.04	15.91	-	-	-	-	-	-	0.04	15.91
44	Kotak Mahindra Bank Apps	8.33	1,758.64	0.01	3.64	-	-	-	-	8.33	1,762.28
45	MakeMyTrip	0.11	51.45	-	-	-	-	-	-	0.11	51.45
46	MI Pay	0.17	29.61	-	-	-	-	-	-	0.17	29.61
47	Mobikwik	2.31	404.63	-	-	-	-	-	-	2.31	404.63
48	NSDL Payments Bank Apps	0.02	2.44	-	-	-	-	-	-	0.02	2.44
49	Paytm Payments Bank App	778.87	89,388.78	0.35	412.20	-	-	98.28	12,318.93	877.50	1,02,119.90
50	PhonePe	2,732.59	5,01,474.48	-	-	-	-	-	-	2,732.59	5,01,474.48
51	Punjab National Bank Apps	0.08	40.68	-	-	-	-	-	-	0.08	40.68
52	Punjab Sind Bank Apps	0.01	5.93	-	-	-	-	-	-	0.01	5.93
53	RBL Bank Apps	0.35	121.00	0.07	2.89	0.00	0.00	-	-	0.42	123.89
54	Samsung Pay	4.07	468.23	-	-	-	-	-	-	4.07	468.23
55	South Indian Bank Apps	0.14	46.66	-	-	-	-	-	-	0.14	46.66
56	Standard Chartered Bank Apps	0.13	69.13	-	-	-	-	-	-	0.13	69.13
57	State Bank of India Apps	3.83	1,947.10	0.00	0.00	-	-	-	-	3.83	1,947.10
58	Tamilnad Mercantile Bank Apps	0.03	4.02	-	-	-	-	-	-	0.03	4.02
59	TataNeu	0.12	19.41	-	-	-	-	-	-	0.12	19.41
60	TJSB Bank Apps	0.01	2.10	-	-	-	-	-	-	0.01	2.10
61	UCO Bank Apps	0.22	42.30	-	-	-	-	-	-	0.22	42.30
62	Ultracash	0.03	3.32	-	-	-	-	-	-	0.03	3.32
63	Union Bank Apps	0.45	199.80	-	-	-	-	-	-	0.45	199.80
64	Utkarsh Small Finance Bank Apps	0.01	3.47	-	-	-	-	-	-	0.01	3.47
65	WhatsApp	23.04	429.06	-	-	-	-	-	-	23.04	429.06
66	Yes Bank Apps	41.67	9,889.56	2.35	1,257.60	0.00	0.00	-	-	44.03	11,147.17
67	YuvaPay	0.03	58.31	-	-	-	-	-	-	0.03	58.31
68	Others	0.02	6.34	-	-	-	-	-	-	0.02	6.34

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 forty (40) million in UPI

UPI Payer PSP Performance

UPI Payer PSP Performance (Jun'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,167.39	98.61%	1.39%	0.00%
2	Axis Bank Ltd	989.77	98.74%	1.26%	0.01%
3	ICICI Bank	794.45	98.66%	1.33%	0.01%
4	Paytm Payments Bank	791.39	98.46%	1.52%	0.01%
5	State Bank Of India	597.29	98.67%	1.30%	0.03%
6	HDFC Bank Ltd	540.01	98.98%	1.02%	0.01%
7	BHIM	25.04	90.24%	9.72%	0.03%
8	Kotak Mahindra Bank	8.60	96.98%	3.02%	0.00%
9	IDFC FIRST Bank	7.65	93.97%	6.00%	0.02%
10	Airtel Payments Bank	6.66	95.89%	4.01%	0.11%
11	India Post Payment Bank	4.12	96.60%	3.39%	0.02%
12	Federal Bank	3.70	97.51%	2.49%	0.00%
13	Jio Payments Bank	1.96	95.65%	3.84%	0.50%
14	Deutsche Bank	1.51	99.95%	0.05%	0.00%
15	IndusInd Bank	1.04	98.47%	1.51%	0.02%

UPI Payee PSP Performance (Jun'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,098.31	99.24%	0.72%	0.04%
2	Paytm Payments Bank	1,321.97	99.66%	0.32%	0.02%
3	Axis Bank Ltd	759.01	99.10%	0.75%	0.16%
4	ICICI Bank	622.61	99.36%	0.56%	0.08%
5	HDFC Bank Ltd	310.81	99.18%	0.74%	0.08%
6	State Bank Of India	289.84	97.58%	1.16%	1.25%
7	Federal Bank	74.69	98.04%	1.87%	0.09%
8	IndusInd Bank	36.03	97.20%	1.93%	0.87%
9	Kotak Mahindra Bank	16.88	96.47%	3.05%	0.48%
10	Airtel Payments Bank	15.41	98.09%	1.83%	0.08%
11	IDFC FIRST Bank	9.88	96.99%	1.83%	1.18%
12	Citibank	9.77	99.41%	0.56%	0.03%
13	BHIM	8.31	92.02%	7.57%	0.41%
14	Bank of Baroda	6.52	96.64%	3.33%	0.03%
15	AU small Finance Bank	4.01	99.09%	0.87%	0.04%

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 P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Jun'22	5,862.75	10,14,384.31	3,302.67	8,00,412.50	2,560.08	2,13,971.81

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

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - June 22

Sr. No.	Name of Banks #
1	Axis Bank Ltd
2	Bandhan Bank
3	Bank of Baroda
4	Canara Bank
5	Central Bank Of India
6	City Union Bank
7	CSB Bank Ltd
8	Dhanlaxmi Bank Ltd
9	Equitas Bank
10	ESAF Small Finance Bank Ltd.
11	Federal Bank
12	Fincare Small Finance Bank Ltd
13	HSBC
14	ICICI Bank
15	Indian Bank
16	Indusind Bank
17	Karnataka Gramin Bank
18	Karur Vysya Bank
19	Kerala Gramin Bank
20	Punjab And Sind Bank
21	Rajgurunagar Sahakari Bank Ltd
22	Shivalik Small Finance Bank
23	South Indian Bank
24	Standard Chartered
25	Suryoday Small Finance Bank Ltd.
26	SVC Co-Operative Bank Ltd
27	The Commercial Cooperative Bank Limited
28	UCO Bank
29	Abhyudaya Co-Op. Bank Ltd
30	Bassein Catholic Co-Operative Bank

Note:

# These are list of banks live on UDIR (i.e. for status update & credit/ reversal processing for pending transactions) in the current month

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - June 22

Sr. No.	Name of APP #
1	Axis Bank APP
2	Citibank APP
3	Canara Bank APP
4	Federal Bank APP
5	Jio Payments Bank APP
6	HSBC Bank APP
7	Standard Chartered Bank APP
8	BHIM APP
9	Gpay (Live on HDFC handle)

Note:

# List of APPs live for checking the status of Transaction/complaint and raising complaints under UDIR

UPI Top 50 Banks Performance (May'22)

UPI Remitter Banks - Top 50 Banks (May'22)
Sr. No.	UPI Remitter Banks (May-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,644.91	90.26%	7.31%	2.44%	6.99	92.47%
2	HDFC Bank Ltd	532.02	94.20%	5.64%	0.16%	2.02	99.46%
3	Bank of Baroda	387.88	92.71%	6.70%	0.59%	2.42	89.41%
4	Union Bank of India	370.84	91.52%	8.15%	0.34%	1.82	76.68%
5	ICICI Bank	342.09	94.87%	4.86%	0.27%	1.27	93.47%
6	Paytm Payments Bank	323.77	95.66%	4.32%	0.02%	0.87	99.47%
7	Axis Bank Ltd	316.26	95.52%	4.31%	0.17%	1.15	84.06%
8	Punjab National Bank	277.91	93.01%	6.30%	0.69%	1.58	91.79%
9	Canara Bank	266.56	88.78%	8.43%	2.80%	2.72	82.93%
10	Kotak Mahindra Bank	247.84	92.40%	5.56%	2.03%	2.45	93.51%
11	Bank of India	215.62	94.52%	5.25%	0.23%	0.92	89.37%
12	Indian Bank	150.62	92.45%	6.76%	0.79%	0.84	77.52%
13	Central Bank Of India	115.32	91.43%	5.97%	2.60%	1.62	56.85%
14	Federal Bank	93.99	93.29%	6.05%	0.66%	0.44	90.03%
15	Airtel Payments Bank	87.23	85.92%	12.33%	1.75%	0.67	79.05%
16	IDBI Bank Limited	83.34	94.58%	4.95%	0.47%	0.37	92.21%
17	India Post Payment Bank	78.09	76.77%	21.86%	1.36%	0.47	71.11%
18	Indian Overseas Bank	76.31	93.81%	5.94%	0.25%	0.30	99.06%
19	Bank of Maharashtra	75.56	93.87%	5.53%	0.60%	0.33	92.23%
20	Yes Bank Ltd	68.85	92.20%	7.42%	0.38%	0.09	0.00%
21	UCO Bank	66.20	92.44%	6.39%	1.17%	0.48	66.56%
22	Karnataka Bank	55.32	86.83%	7.32%	5.85%	0.82	20.35%
23	IndusInd Bank	52.03	91.19%	7.86%	0.95%	0.32	76.78%
24	IDFC FIRST Bank	37.03	91.50%	6.28%	2.22%	0.33	36.64%
25	Karur Vysya Bank	35.28	91.70%	7.90%	0.40%	0.13	89.39%
26	Fino Payments Bank	34.39	84.30%	12.85%	2.85%	0.38	61.58%
27	Bandhan Bank	26.80	80.41%	16.72%	2.87%	0.16	60.61%
28	South Indian Bank	24.34	91.97%	5.47%	2.56%	0.18	91.10%
29	Equitas Small Finance Bank	18.85	83.81%	15.22%	0.97%	0.11	78.92%
30	City Union Bank	18.71	90.94%	8.13%	0.93%	0.08	92.19%
31	Citibank	17.12	94.76%	4.54%	0.70%	0.04	99.80%
32	DBS Bank Ltd	16.12	95.24%	4.65%	0.11%	0.05	95.20%
33	Ujjivan Small Finance Bank	15.98	86.86%	7.48%	5.66%	0.25	33.14%
34	Standard Chartered	15.74	96.48%	3.08%	0.44%	0.08	97.76%
35	Jammu and Kashmir Bank	15.30	86.08%	9.57%	4.35%	0.17	57.38%
36	Tamilnad Mercantile Bank	14.92	90.69%	7.99%	1.32%	0.10	31.10%
37	Andhra Pradesh Grameena Vikas Bank	14.75	72.60%	16.91%	10.49%	0.44	0.00%
38	AU small Finance Bank	14.66	92.79%	6.48%	0.73%	0.10	0.04%
39	Punjab and Sind Bank	14.58	88.87%	10.77%	0.36%	0.08	86.89%
40	Pragathi Krishna Gramin Bank	14.32	82.03%	11.60%	6.37%	0.26	45.20%
41	Maharashtra Gramin Bank	13.74	76.12%	18.64%	5.23%	0.11	20.17%
42	Saraswat Bank	12.28	94.59%	4.12%	1.30%	0.06	67.34%
43	Rajasthan Marudhara Gramin Bank	9.25	75.96%	14.11%	9.93%	0.27	0.00%
44	ESAF Small Finance Bank Ltd.	9.11	81.98%	17.02%	1.00%	0.03	82.07%
45	Andhra Pragathi Grameena Bank	9.05	71.42%	19.62%	8.96%	0.29	6.14%
46	Kerala Gramin Bank	8.98	84.87%	11.83%	3.29%	0.10	58.80%
47	Sarva Haryana Gramin Bank	8.05	85.34%	8.17%	6.49%	0.09	17.33%
48	RBL Bank	7.34	89.18%	8.29%	2.53%	0.04	76.76%
49	Baroda Rajasthan Kshetriya Gramin Bank	7.20	75.01%	7.83%	17.16%	0.26	18.46%
50	Karnataka Vikas Grameena Bank	6.45	81.76%	15.27%	2.97%	0.10	12.70%

UPI Top 50 Banks Performance (May'22)

UPI Beneficiary Banks - Top 50 Banks (May'22)
Sr.No.	UPI Beneficiary Banks (May-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1363.19	99.65%	0.35%	0.01%	0.00%
2	Yes Bank Ltd	811.13	99.92%	0.04%	0.03%	0.01%
3	State Bank Of India	771.93	98.35%	0.29%	1.13%	0.23%
4	Axis Bank Ltd	450.07	99.75%	0.17%	0.05%	0.03%
5	ICICI Bank	432.00	99.42%	0.41%	0.09%	0.08%
6	HDFC Bank Ltd	299.84	99.10%	0.79%	0.07%	0.04%
7	Bank of Baroda	204.05	99.32%	0.34%	0.16%	0.19%
8	Union Bank of India	197.66	99.46%	0.35%	0.13%	0.06%
9	Canara Bank	146.64	96.56%	0.50%	2.48%	0.45%
10	Punjab National Bank	144.15	98.62%	0.49%	0.64%	0.24%
11	Kotak Mahindra Bank	127.46	98.22%	0.53%	0.76%	0.49%
12	Bank of India	118.62	99.53%	0.28%	0.15%	0.04%
13	Federal Bank	118.00	99.15%	0.19%	0.62%	0.05%
14	Indian Bank	77.67	99.05%	0.31%	0.42%	0.22%
15	IndusInd Bank	65.03	99.01%	0.37%	0.48%	0.14%
16	Airtel Payments Bank	64.05	98.64%	0.37%	0.78%	0.21%
17	Central Bank Of India	61.92	97.81%	0.58%	1.17%	0.44%
18	IDBI Bank Limited	46.38	98.63%	1.16%	0.17%	0.04%
19	Indian Overseas Bank	42.90	99.56%	0.35%	0.02%	0.07%
20	UCO Bank	37.05	98.30%	0.52%	0.88%	0.30%
21	Bank of Maharashtra	36.70	99.02%	0.26%	0.42%	0.30%
22	India Post Payment Bank	34.53	98.29%	0.59%	0.92%	0.20%
23	Karnataka Bank	29.40	94.52%	0.68%	3.78%	1.02%
24	Karur Vysya Bank	23.22	99.34%	0.35%	0.27%	0.04%
25	IDFC FIRST Bank	22.98	96.67%	1.05%	1.74%	0.54%
26	South Indian Bank	17.22	97.21%	0.40%	2.33%	0.06%
27	Bandhan Bank	16.78	97.46%	0.52%	1.88%	0.14%
28	Fino Payments Bank	13.92	95.24%	2.39%	2.19%	0.18%
29	AU small Finance Bank	13.00	97.46%	1.88%	0.48%	0.19%
30	Citibank	12.03	99.24%	0.57%	0.20%	0.00%
31	City Union Bank	11.37	98.62%	0.77%	0.54%	0.07%
32	Tamilnad Mercantile Bank	9.61	98.72%	0.26%	0.72%	0.29%
33	Equitas Small Finance Bank	9.41	97.94%	1.29%	0.64%	0.13%
34	Ujjivan Small Finance Bank	9.40	94.32%	0.31%	4.54%	0.83%
35	Pragathi Krishna Gramin Bank	8.20	95.70%	0.31%	2.92%	1.07%
36	Andhra Pradesh Grameena Vikas Bank	7.55	93.36%	0.17%	5.46%	1.01%
37	Punjab and Sind Bank	7.54	99.38%	0.31%	0.24%	0.07%
38	Maharashtra Gramin Bank	6.84	94.21%	0.87%	4.74%	0.18%
39	DBS Bank Ltd	6.59	98.38%	1.52%	0.04%	0.07%
40	Jammu and Kashmir Bank	6.46	95.12%	2.00%	2.80%	0.08%
41	Kerala Gramin Bank	5.92	97.64%	0.34%	1.46%	0.57%
42	Saraswat Bank	5.58	98.57%	0.19%	1.14%	0.10%
43	RBL Bank	5.39	96.72%	1.34%	1.85%	0.09%
44	ESAF Small Finance Bank Ltd.	5.17	99.13%	0.25%	0.56%	0.06%
45	Rajasthan Marudhara Gramin Bank	5.07	91.04%	2.20%	5.64%	1.12%
46	Andhra Pragathi Grameena Bank	5.03	91.38%	0.20%	6.18%	2.24%
47	Sarva Haryana Gramin Bank	4.42	86.49%	0.56%	10.70%	2.25%
48	Baroda Rajasthan Kshetriya Gramin Bank	4.23	84.27%	1.94%	12.12%	1.67%
49	Baroda UP Gramin Bank	4.13	91.79%	3.61%	4.36%	0.23%
50	Standard Chartered	3.61	99.34%	0.37%	0.29%	0.01%

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'22)

UPI Apps (May'22)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	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	6.10	486.55	-	-	0.00	0.00	0.00	0.07	6.11	486.62
2	Allahabad Bank Apps	0.02	6.25	-	-	-	-	-	-	0.02	6.25
3	Amazon Pay	74.83	6,954.18	-	-	-	-	-	-	74.83	6,954.18
4	AU Small Finance Bank Apps	0.35	107.22	-	-	-	-	-	-	0.35	107.22
5	Axis Bank Apps	7.46	1,372.31	51.14	48.08	0.06	4.77	-	-	58.66	1,425.16
6	Bajaj Finserv	0.79	58.53	-	-	-	-	-	-	0.79	58.53
7	Bank of Baroda Apps	0.88	406.79	-	-	0.00	0.00	-	-	0.88	406.79
8	Bank of India Apps	0.12	40.04	-	-	-	-	-	-	0.12	40.04
9	Bank of Maharashtra Apps	0.06	16.47	-	-	-	-	-	-	0.06	16.47
10	BHIM	26.57	9,559.66	-	-	-	-	-	-	26.57	9,559.66
11	Canara Bank Apps	0.33	114.09	-	-	-	-	-	-	0.33	114.09
12	Central Bank of India Apps	0.15	55.40	-	-	-	-	-	-	0.15	55.40
13	Citi Bank Apps	0.13	78.71	-	-	0.00	0.00	-	-	0.13	78.71
14	City Union Bank Apps	0.03	10.06	-	-	-	-	-	-	0.03	10.06
15	Cointab	0.06	23.77	-	-	-	-	-	-	0.06	23.77
16	Cred	13.89	18,174.61	-	-	-	-	-	-	13.89	18,174.61
17	DBS Digibank Apps	0.47	186.33	-	-	-	-	-	-	0.47	186.33
18	Deutsche Bank Apps	1.64	116.54	-	-	0.00	0.00	-	-	1.64	116.55
19	Dhanlaxmi Bank Apps	0.01	3.35	-	-	-	-	-	-	0.01	3.35
20	Fave	0.10	6.12	-	-	-	-	-	-	0.10	6.12
21	Federal Bank Apps	3.42	474.12	-	-	-	-	-	-	3.42	474.12
22	Fino Payments bank Apps	0.04	3.83	-	-	-	-	-	-	0.04	3.83
23	Finserv Markets	0.01	1.01	-	-	-	-	-	-	0.01	1.01
24	Finshell Pay	0.09	4.68	-	-	-	-	-	-	0.09	4.68
25	GoIbibo	0.01	2.41	-	-	-	-	-	-	0.01	2.41
26	Google Pay	2,079.92	365,989.27	-	-	-	-	-	-	2,079.92	365,989.27
27	Groww	0.51	335.28	-	-	-	-	-	-	0.51	335.28
28	HDFC Bank Apps	6.95	1,981.11	-	-	-	-	-	-	6.95	1,981.11
29	HSBC Bank Apps	0.10	63.07	0.00	0.10	0.00	0.00	-	-	0.10	63.17
30	ICICI Bank Apps	32.75	9,221.65	2.01	120.93	2.82	1,714.32	-	-	37.59	11,056.90
31	IDBI Bank Apps	0.03	18.48	-	-	-	-	-	-	0.03	18.48
32	IDFC Bank Apps	4.75	626.34	-	-	0.00	0.00	-	-	4.75	626.34
33	India Post Payments Bank Apps	3.10	351.88	-	-	-	-	-	-	3.10	351.88
34	Indian Bank Apps	0.16	53.11	-	-	0.00	0.02	-	-	0.16	53.13
35	Indian Overseas Bank Apps	0.01	2.35	-	-	-	-	-	-	0.01	2.35
36	IndusInd Bank Apps	1.01	1,711.21	-	-	-	-	-	-	1.01	1,711.21
37	Janata Sahakari Bank Apps	0.01	4.79	-	-	-	-	-	-	0.01	4.79
38	Jio Payments Bank Apps	2.08	127.88	-	-	-	-	-	-	2.08	127.88
39	Jupiter	1.79	215.44	-	-	-	-	-	-	1.79	215.44
40	Jupiter Edge (LivQuick PPI)	0.10	5.74	-	-	-	-	-	-	0.10	5.74
41	Karnataka Bank Apps	0.33	40.34	-	-	-	-	-	-	0.33	40.34
42	Karur Vysya Bank Apps	0.04	17.69	-	-	-	-	-	-	0.04	17.69
43	Kotak Mahindra Bank Apps	8.50	1,882.81	-	-	0.00	2.19	-	-	8.50	1,885.00
44	MakeMyTrip	0.09	43.26	-	-	-	-	-	-	0.09	43.26
45	MI Pay	0.20	33.90	-	-	-	-	-	-	0.20	33.90
46	Mobikwik	2.46	397.70	-	-	-	-	-	-	2.46	397.70
47	NSDL Payments Bank Apps	0.02	2.39	-	-	-	-	-	-	0.02	2.39
48	Paytm Payments Bank App	780.87	91,546.50	3.66	5.96	0.19	224.61	102.73	16,499.70	887.45	108,276.78
49	PhonePe	2,778.75	511,028.81	-	-	-	-	-	-	2,778.75	511,028.81
50	Punjab National Bank Apps	0.09	43.77	-	-	-	-	-	-	0.09	43.77
51	Punjab Sind Bank Apps	0.01	6.39	-	-	-	-	-	-	0.01	6.39
52	RBL Bank Apps	0.32	124.01	-	-	0.05	1.38	-	-	0.38	125.39
53	Samsung Pay	4.11	490.30	-	-	-	-	-	-	4.11	490.30
54	South Indian Bank Apps	0.14	49.73	-	-	-	-	-	-	0.14	49.73
55	Standard Chartered Bank Apps	0.13	70.48	-	-	0.00	0.00	-	-	0.13	70.48
56	State Bank of India Apps	4.18	2,195.66	-	-	0.00	0.00	-	-	4.18	2,195.66
57	Tamilnad Mercantile Bank Apps	0.01	1.13	-	-	-	-	-	-	0.01	1.13
58	TataNeu	0.22	30.33	-	-	-	-	-	-	0.22	30.33
59	UCO Bank Apps	0.22	46.39	-	-	-	-	-	-	0.22	46.39
60	Ultracash	0.05	4.40	-	-	-	-	-	-	0.05	4.40
61	Union Bank Apps	0.45	211.85	-	-	-	-	-	-	0.45	211.85
62	Utkarsh Small Finance Bank Apps	0.01	4.43	-	-	-	-	-	-	0.01	4.43
63	WhatsApp	3.48	294.98	-	-	-	-	-	-	3.48	294.98
64	Yes Bank Apps	38.19	10,760.55	0.00	0.00	1.50	999.61	-	-	39.69	11,760.16
65	YuvaPay	0.04	88.95	-	-	-	-	-	-	0.04	88.95
66	Others	0.03	10.70	-	-	-	-	-	-	0.03	10.70

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 forty (40) million in UPI

UPI Payer PSP Performance

UPI Payer PSP Performance (May'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,261.47	98.37%	1.61%	0.02%
2	Axis Bank Ltd	970.33	98.49%	1.49%	0.02%
3	Paytm Payments Bank	798.33	98.30%	1.68%	0.03%
4	ICICI Bank	780.66	98.49%	1.49%	0.02%
5	State Bank Of India	631.19	98.40%	1.58%	0.03%
6	HDFC Bank Ltd	544.25	98.86%	1.12%	0.02%
7	BHIM	29.08	91.38%	8.58%	0.04%
8	Kotak Mahindra Bank	8.80	96.59%	3.41%	0.00%
9	Airtel Payments Bank	6.39	95.48%	4.35%	0.17%
10	IDFC FIRST Bank	5.16	94.93%	5.06%	0.01%
11	Federal Bank	3.58	97.16%	2.82%	0.02%
12	India Post Payment Bank	3.32	93.65%	6.31%	0.04%
13	Jio Payments Bank	2.18	95.37%	4.03%	0.60%
14	Deutsche Bank	1.64	99.95%	0.05%	0.00%
15	IndusInd Bank	1.05	98.55%	1.44%	0.02%

UPI Payee PSP Performance (May'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,209.13	99.30%	0.64%	0.06%
2	Paytm Payments Bank	1,306.69	99.64%	0.35%	0.01%
3	Axis Bank Ltd	720.69	99.31%	0.43%	0.26%
4	ICICI Bank	631.63	99.61%	0.31%	0.08%
5	HDFC Bank Ltd	302.88	99.31%	0.60%	0.10%
6	State Bank Of India	295.44	99.15%	0.41%	0.43%
7	Federal Bank	72.78	96.44%	2.94%	0.63%
8	IndusInd Bank	38.48	97.26%	1.59%	1.15%
9	Kotak Mahindra Bank	27.06	98.71%	0.62%	0.67%
10	Airtel Payments Bank	14.81	98.76%	0.56%	0.68%
11	Citibank	9.52	99.46%	0.52%	0.02%
12	BHIM	9.00	96.35%	2.17%	1.48%
13	IDFC FIRST Bank	7.17	97.84%	0.80%	1.36%
14	Bank of Baroda	5.73	98.46%	1.51%	0.03%
15	AU small Finance Bank	3.95	99.52%	0.33%	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.
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 P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
May'22	5,955.20	10,41,520.07	3,408.55	8,27,153.68	2,546.65	2,14,366.39

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

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - May 22

Sr. No.	Name of Banks #
1	Axis Bank Ltd.
2	Bank of Baroda
3	Canara Bank
4	Central Bank Of India
5	City Union Bank
6	Dhanlaxmi Bank Ltd
7	Equitas Bank
8	Federal Bank
9	Fincare Small Finance Bank Ltd
10	HSBC
11	ICICI Bank
12	Indian Bank
13	INDUSIND BANK
14	Karur Vysya Bank
15	Kerala Gramin Bank
16	Pragathi Krishna Gramin Bank
17	Punjab and Sind Bank
18	Rajgurunagar Sahakar
19	Shivalik Mercantile Co-operative Bank Ltd
20	South Indian Bank
21	Standard Chartered
22	Suryoday Small Finance Bank Ltd.
23	Svc co-operative bank ltd
24	The Commercial Coop Bank Limited Kolhapur.
25	UCO Bank

Note:

# These are list of banks live on UDIR (i.e. for status update & credit/ reversal processing for pending transactions) in the current month

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - May 22

Sr. No.	Name of APP #
1	Axis Bank APP
2	Citibank APP
3	Canara Bank APP
4	Federal Bank APP
5	Jio Payments Bank APP
6	HSBC Bank APP
7	Standard Chartered Bank APP
8	BHIM APP
9	Gpay (Live on HDFC handle)

Note:

# List of APPs live for checking the status of Transaction/complaint and raising complaints under UDIR

UPI Top 50 Banks Performance (Apr'22)

UPI Remitter Banks - Top 50 Banks (Apr'22)
Sr. No.	UPI Remitter Banks (Apr-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,540.38	90.30%	6.87%	2.83%	8.38	95.68%
2	HDFC Bank Ltd	496.36	94.08%	5.31%	0.61%	3.29	95.17%
3	Bank of Baroda	360.74	93.18%	6.51%	0.31%	1.98	98.94%
4	Union Bank of India	346.76	91.35%	8.09%	0.57%	3.01	66.96%
5	ICICI Bank	325.45	94.17%	4.63%	1.20%	3.06	63.74%
6	Paytm Payments Bank	316.18	95.53%	4.45%	0.02%	1.04	99.58%
7	Axis Bank Ltd	303.67	94.00%	5.25%	0.76%	1.39	77.11%
8	Punjab National Bank	261.09	93.09%	6.05%	0.86%	2.36	85.70%
9	Canara Bank	255.29	89.84%	8.12%	2.04%	4.63	80.40%
10	Kotak Mahindra Bank	232.63	91.70%	5.47%	2.83%	3.72	89.86%
11	Bank of India	202.42	94.25%	5.24%	0.51%	1.57	71.04%
12	Indian Bank	138.63	92.05%	7.13%	0.81%	1.20	78.64%
13	Central Bank Of India	109.91	91.78%	5.92%	2.31%	2.05	59.35%
14	Federal Bank	84.01	94.02%	5.69%	0.29%	0.49	90.07%
15	IDBI Bank Limited	78.15	94.76%	4.41%	0.83%	0.66	67.01%
16	Airtel Payments Bank	77.26	87.37%	11.68%	0.94%	0.70	88.24%
17	Bank of Maharashtra	71.17	93.46%	5.64%	0.90%	0.57	73.06%
18	Indian Overseas Bank	70.22	93.03%	5.64%	1.33%	0.80	76.12%
19	India Post Payment Bank	66.48	81.20%	17.29%	1.50%	0.60	67.74%
20	Yes Bank Ltd	61.17	93.61%	5.89%	0.50%	0.32	0.00%
21	UCO Bank	61.14	93.43%	6.13%	0.45%	0.51	74.33%
22	Karnataka Bank	51.30	90.45%	7.72%	1.83%	0.58	36.72%
23	IndusInd Bank	49.05	91.36%	8.37%	0.27%	0.29	93.93%
24	IDFC FIRST Bank	33.01	92.12%	6.57%	1.31%	0.38	42.68%
25	Karur Vysya Bank	32.79	92.57%	7.28%	0.15%	0.18	93.95%
26	Fino Payments Bank	31.73	82.51%	12.86%	4.63%	0.38	79.01%
27	Bandhan Bank	24.10	85.38%	11.79%	2.83%	0.19	17.92%
28	South Indian Bank	22.87	92.83%	6.43%	0.74%	0.19	97.12%
29	DBS Bank Ltd	19.33	94.56%	5.17%	0.27%	0.09	96.53%
30	City Union Bank	17.42	89.57%	9.61%	0.82%	0.14	82.07%
31	Equitas Small Finance Bank	16.93	84.38%	15.27%	0.35%	0.11	94.37%
32	Citibank	16.56	94.97%	4.45%	0.59%	0.07	94.86%
33	Standard Chartered	14.91	96.53%	2.90%	0.57%	0.10	96.28%
34	Ujjivan Small Finance Bank	14.48	90.92%	7.04%	2.04%	0.15	55.64%
35	Tamilnad Mercantile Bank	13.74	91.56%	8.08%	0.36%	0.08	56.86%
36	Andhra Pradesh Grameena Vikas Bank	13.57	76.90%	19.17%	3.92%	0.21	14.73%
37	AU small Finance Bank	13.42	93.48%	6.33%	0.19%	0.09	0.03%
38	Punjab and Sind Bank	13.28	86.25%	12.98%	0.77%	0.10	74.71%
39	Jammu and Kashmir Bank	13.27	86.01%	9.64%	4.35%	0.16	53.22%
40	Pragathi Krishna Gramin Bank	12.98	86.09%	11.30%	2.61%	0.21	56.54%
41	Maharashtra Gramin Bank	12.86	78.01%	16.47%	5.52%	0.22	17.55%
42	Saraswat Bank	11.82	94.77%	4.47%	0.76%	0.07	79.26%
43	Rajasthan Marudhara Gramin Bank	8.98	68.38%	22.66%	8.96%	0.22	10.80%
44	Andhra Pragathi Grameena Bank	8.73	67.91%	23.18%	8.91%	0.35	6.53%
45	Kerala Gramin Bank	8.23	87.77%	11.75%	0.48%	0.06	85.07%
46	ESAF Small Finance Bank Ltd.	7.96	86.83%	11.98%	1.19%	0.04	96.76%
47	Sarva Haryana Gramin Bank	7.33	85.43%	8.07%	6.50%	0.11	5.09%
48	RBL Bank	6.96	88.44%	10.50%	1.06%	0.06	72.50%
49	Karnataka Vikas Grameena Bank	6.71	72.65%	21.19%	6.16%	0.17	11.92%
50	Baroda Rajasthan Kshetriya Gramin Bank	6.28	84.59%	11.27%	4.14%	0.05	63.14%

UPI Top 50 Banks Performance (Apr'22)

UPI Beneficiary Banks - Top 50 Banks (Apr'22)
Sr.No.	UPI Beneficiary Banks (Apr-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1265.52	99.73%	0.27%	0.01%	0.00%
2	Yes Bank Ltd	745.77	99.78%	0.05%	0.08%	0.09%
3	State Bank Of India	741.10	98.05%	0.30%	1.22%	0.42%
4	Axis Bank Ltd	408.62	98.28%	1.25%	0.06%	0.41%
5	ICICI Bank	406.50	98.68%	0.42%	0.56%	0.34%
6	HDFC Bank Ltd	278.39	98.65%	0.80%	0.39%	0.16%
7	Bank of Baroda	194.47	99.45%	0.34%	0.10%	0.11%
8	Union Bank of India	187.25	99.53%	0.29%	0.07%	0.12%
9	Canara Bank	142.04	98.15%	0.54%	0.54%	0.77%
10	Punjab National Bank	137.97	98.99%	0.53%	0.36%	0.12%
11	Kotak Mahindra Bank	133.77	97.71%	0.60%	0.72%	0.97%
12	Bank of India	113.71	99.37%	0.30%	0.15%	0.18%
13	Federal Bank	110.35	99.74%	0.14%	0.08%	0.03%
14	Indian Bank	73.01	97.37%	1.53%	0.50%	0.60%
15	Central Bank Of India	59.29	98.09%	0.58%	0.61%	0.72%
16	Airtel Payments Bank	58.17	98.96%	0.52%	0.34%	0.18%
17	IndusInd Bank	56.25	98.93%	0.47%	0.11%	0.49%
18	IDBI Bank Limited	44.19	98.78%	0.73%	0.32%	0.18%
19	Indian Overseas Bank	40.13	99.03%	0.36%	0.20%	0.40%
20	Bank of Maharashtra	35.08	99.00%	0.26%	0.42%	0.32%
21	UCO Bank	34.95	99.07%	0.40%	0.24%	0.28%
22	India Post Payment Bank	31.26	98.40%	0.59%	0.82%	0.20%
23	Karnataka Bank	28.15	97.52%	0.79%	1.11%	0.58%
24	Karur Vysya Bank	22.17	99.57%	0.36%	0.03%	0.03%
25	IDFC FIRST Bank	21.27	98.31%	0.88%	0.50%	0.32%
26	South Indian Bank	16.25	99.44%	0.32%	0.20%	0.03%
27	Bandhan Bank	16.07	95.84%	0.55%	3.45%	0.15%
28	Fino Payments Bank	12.77	94.24%	2.54%	3.08%	0.13%
29	Citibank	12.75	99.35%	0.54%	0.11%	0.01%
30	AU small Finance Bank	12.43	97.65%	2.23%	0.04%	0.09%
31	City Union Bank	10.72	98.85%	0.79%	0.31%	0.04%
32	DBS Bank Ltd	9.27	98.46%	1.25%	0.19%	0.09%
33	Tamilnad Mercantile Bank	8.99	99.33%	0.37%	0.21%	0.09%
34	Ujjivan Small Finance Bank	8.75	97.24%	0.32%	2.08%	0.35%
35	Equitas Small Finance Bank	8.53	98.69%	0.98%	0.30%	0.03%
36	Pragathi Krishna Gramin Bank	7.73	98.55%	0.26%	0.36%	0.82%
37	Andhra Pradesh Grameena Vikas Bank	7.20	97.41%	0.18%	1.71%	0.70%
38	Punjab and Sind Bank	6.93	98.72%	0.34%	0.67%	0.27%
39	Maharashtra Gramin Bank	6.41	95.37%	0.36%	3.58%	0.69%
40	Kerala Gramin Bank	5.60	99.38%	0.29%	0.12%	0.21%
41	Jammu and Kashmir Bank	5.59	95.20%	1.69%	2.93%	0.19%
42	Saraswat Bank	5.46	99.13%	0.21%	0.59%	0.07%
43	RBL Bank	5.02	95.21%	4.28%	0.34%	0.17%
44	Andhra Pragathi Grameena Bank	4.83	90.92%	0.45%	6.09%	2.53%
45	ESAF Small Finance Bank Ltd.	4.82	98.90%	0.28%	0.78%	0.03%
46	Rajasthan Marudhara Gramin Bank	4.72	86.28%	3.02%	7.54%	3.16%
47	Sarva Haryana Gramin Bank	4.16	86.06%	0.44%	11.97%	1.53%
48	Baroda UP Gramin Bank	4.03	81.43%	7.14%	11.20%	0.23%
49	Baroda Rajasthan Kshetriya Gramin Bank	3.73	94.38%	2.20%	3.09%	0.34%
50	Karnataka Vikas Grameena Bank	3.55	92.76%	2.54%	3.87%	0.83%

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'22)

UPI Apps (Apr'22)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Sr. No.	Application Name	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	5.29	454.64	-	-	-	-	0.01	6.26	5.30	460.90
2	Amazon Pay	73.21	6,699.57	-	-	-	-	-	-	73.21	6,699.57
3	AU Small Finance Bank Apps	0.32	109.89	-	-	-	-	-	-	0.32	109.89
4	Axis Bank Apps	7.19	1,213.44	56.84	43.71	0.00	0.00	-	-	64.03	1,257.15
5	Bajaj Finserv	0.52	38.61	-	-	-	-	-	-	0.52	38.61
6	Bank of Baroda Apps	0.77	344.65	-	-	-	-	-	-	0.77	344.65
7	Bank of India Apps	0.10	32.62	0.00	0.00	-	-	-	-	0.10	32.62
8	Bank of Maharashtra Apps	0.05	14.56	-	-	-	-	-	-	0.05	14.56
9	BHIM	25.69	8,354.34	-	-	-	-	-	-	25.69	8,354.34
10	Canara Bank Apps	0.31	110.31	-	-	-	-	-	-	0.31	110.31
11	Central Bank of India Apps	0.13	51.04	-	-	-	-	-	-	0.13	51.04
12	Citi Bank Apps	0.08	66.03	-	-	-	-	-	-	0.08	66.03
13	City Union Bank Apps	0.03	8.41	-	-	-	-	-	-	0.03	8.41
14	Cointab	0.07	28.50	-	-	-	-	-	-	0.07	28.50
15	Cred	13.05	16,372.92	-	-	-	-	-	-	13.05	16,372.92
16	DBS Digibank Apps	0.47	175.45	-	-	-	-	-	-	0.47	175.45
17	Deutsche Bank Apps	1.51	128.13	-	-	0.00	0.30	-	-	1.51	128.43
18	Dhanlaxmi Bank Apps	0.01	3.02	-	-	-	-	-	-	0.01	3.02
19	Fave	0.18	7.73	-	-	-	-	-	-	0.18	7.73
20	Federal Bank Apps	2.70	375.64	-	-	-	-	-	-	2.70	375.64
21	Fino Payments bank Apps	0.04	3.26	-	-	-	-	-	-	0.04	3.26
22	Finserv Markets	0.01	1.06	-	-	-	-	-	-	0.01	1.06
23	Finshell Pay	0.08	4.45	-	-	-	-	-	-	0.08	4.45
24	GoIbibo	0.01	3.31	-	-	-	-	-	-	0.01	3.31
25	Google Pay	1,914.77	344,791.35	-	-	-	-	-	-	1,914.77	344,791.35
26	Groww	0.61	376.18	-	-	-	-	-	-	0.61	376.18
27	HDFC Bank Apps	5.90	1,759.12	-	-	-	-	-	-	5.90	1,759.12
28	HSBC Bank Apps	0.11	59.70	0.00	0.02	-	-	-	-	0.11	59.72
29	ICICI Bank Apps	32.82	9,086.72	4.83	269.45	-	-	-	-	37.65	9,356.17
30	IDBI Bank Apps	0.03	16.78	-	-	-	-	-	-	0.03	16.78
31	IDFC Bank Apps	2.49	532.69	-	-	0.00	0.00	-	-	2.49	532.69
32	India Post Payments Bank Apps	2.80	328.53	-	-	-	-	-	-	2.80	328.53
33	Indian Bank Apps	0.14	49.90	-	-	0.00	0.00	-	-	0.14	49.90
34	Indian Overseas Bank Apps	0.01	1.52	-	-	-	-	-	-	0.01	1.52
35	IndusInd Bank Apps	1.02	2,596.71	-	-	-	-	-	-	1.02	2,596.71
36	Janata Sahakari Bank Apps	0.01	4.28	-	-	-	-	-	-	0.01	4.28
37	Jio Payments Bank Apps	2.10	126.25	-	-	-	-	-	-	2.10	126.25
38	Jupiter	1.47	186.13	-	-	-	-	-	-	1.47	186.13
39	Jupiter Edge (LivQuick PPI App)	0.01	0.43	-	-	-	-	-	-	0.01	0.43
40	Karnataka Bank Apps	0.27	35.58	-	-	-	-	-	-	0.27	35.58
41	Karur Vysya Bank Apps	0.04	18.54	-	-	-	-	-	-	0.04	18.54
42	Kotak Mahindra Bank Apps	7.96	1,684.35	-	-	-	-	-	-	7.96	1,684.35
43	MakeMyTrip	0.09	41.18	-	-	-	-	-	-	0.09	41.18
44	MI Pay	0.19	28.58	-	-	-	-	-	-	0.19	28.58
45	Mobikwik	2.37	421.47	-	-	-	-	-	-	2.37	421.47
46	NSDL Payments Bank Apps	0.02	2.32	-	-	-	-	-	-	0.02	2.32
47	Paytm Payments Bank App	740.76	85,918.88	11.15	15.98	-	-	99.70	15,714.20	851.61	101,649.06
48	PhonePe	2,616.26	486,557.03	-	-	-	-	-	-	2,616.26	486,557.03
49	Punjab National Bank Apps	0.09	46.27	-	-	-	-	-	-	0.09	46.27
50	Punjab Sind Bank Apps	0.01	5.38	-	-	-	-	-	-	0.01	5.38
51	RBL Bank Apps	0.30	113.65	-	-	0.00	0.00	-	-	0.30	113.65
52	Samsung Pay	3.81	470.11	-	-	-	-	-	-	3.81	470.11
53	South Indian Bank Apps	0.13	45.03	-	-	-	-	-	-	0.13	45.03
54	Standard Chartered Bank Apps	0.12	68.15	-	-	-	-	-	-	0.12	68.15
55	State Bank of India Apps	4.03	2,118.00	-	-	-	-	-	-	4.03	2,118.00
56	SuperPay	0.02	0.40	-	-	-	-	-	-	0.02	0.40
57	Tamilnad Mercantile Bank Apps	0.01	0.26	-	-	-	-	-	-	0.01	0.26
58	TataNeu	0.35	32.82	-	-	-	-	-	-	0.35	32.82
59	UCO Bank Apps	0.21	41.48	-	-	-	-	-	-	0.21	41.48
60	Ultracash	0.03	2.22	-	-	-	-	-	-	0.03	2.22
61	Union Bank Apps	0.42	198.34	-	-	-	-	-	-	0.42	198.34
62	Utkarsh Small Finance Bank Apps	0.01	3.88	-	-	-	-	-	-	0.01	3.88
63	WhatsApp	2.50	242.40	-	-	-	-	-	-	2.50	242.40
64	Yes Bank Apps	34.07	10,246.99	0.00	0.00	-	-	-	-	34.07	10,246.99
65	YuvaPay	0.06	103.34	-	-	-	-	-	-	0.06	103.34
66	Others	0.02	8.26	-	-	-	-	-	-	0.02	8.26

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 forty (40) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Apr'22	5,583.05	9,83,302.27	3,319.85	8,05,925.89	2,263.20	1,77,376.39

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 (Apr'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,152.51	98.19%	1.76%	0.05%
2	Axis Bank Ltd.	901.78	98.27%	1.69%	0.04%
3	State Bank Of India	572.75	98.05%	1.90%	0.05%
4	HDFC Bank Ltd	511.82	98.77%	1.18%	0.06%
5	Paytm Payments Bank	765.29	98.25%	1.70%	0.05%
6	ICICI Bank	719.84	98.38%	1.56%	0.05%
7	BHIM	27.73	92.65%	7.27%	0.08%
8	IndusInd Bank	1.09	95.80%	4.20%	0.01%
9	Kotak Mahindra Bank	8.26	96.48%	3.52%	0.00%
10	IDFC FIRST Bank	2.83	95.14%	4.82%	0.03%
11	Airtel Payments Bank	5.56	95.16%	4.65%	0.19%
12	Federal Bank	2.85	96.80%	3.15%	0.05%
13	Bank of Baroda	0.85	90.09%	9.85%	0.06%
14	India Post Payment Bank	2.96	94.67%	5.30%	0.03%
15	Union Bank of India	0.47	88.26%	11.73%	0.02%

UPI Payee PSP Performance (Apr'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,086.39	98.95%	0.92%	0.13%
2	Paytm Payments Bank	1,209.18	99.66%	0.34%	0.01%
3	Axis Bank Ltd.	658.22	99.43%	0.49%	0.08%
4	ICICI Bank	591.22	99.28%	0.36%	0.36%
5	HDFC Bank Ltd	283.06	98.78%	0.73%	0.49%
6	State Bank Of India	279.84	99.25%	0.48%	0.26%
7	Federal Bank	69.08	96.77%	2.20%	1.02%
8	Kotak Mahindra Bank	36.83	98.90%	0.55%	0.55%
9	IndusInd Bank	30.98	98.53%	0.95%	0.52%
10	Airtel Payments Bank	13.44	99.51%	0.35%	0.14%
11	Citibank	10.28	99.29%	0.54%	0.17%
12	BHIM	8.66	98.93%	0.79%	0.28%
13	IDFC FIRST Bank	6.22	97.59%	1.21%	1.19%
14	Bank of Baroda	5.00	99.52%	0.33%	0.15%
15	AU small Finance Bank	3.82	99.49%	0.45%	0.06%

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.

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - April 22

Sr. No.	Name of Banks #
1	Axis Bank Ltd.
2	Bank of Baroda
3	Canara Bank
4	Central Bank Of India
5	City Union Bank
6	Dhanlaxmi Bank Ltd
7	Equitas Bank
8	Federal Bank
9	Fincare Small Finance Bank Ltd
10	HSBC
11	ICICI Bank
12	Indian Bank
13	INDUSIND BANK
14	Karur Vysya Bank
15	Kerala Gramin Bank
16	Pragathi Krishna Gramin Bank
17	Punjab and Sind Bank
18	Rajgurunagar Sahakar
19	Shivalik Mercantile Co-operative Bank Ltd
20	South Indian Bank
21	Standard Chartered
22	Suryoday Small Finance Bank Ltd.
23	Svc co-operative bank ltd
24	The Commercial Coop Bank Limited Kolhapur.
25	UCO Bank

Note:

# These are list of banks live on UDIR (i.e. for status update & credit/ reversal processing for pending transactions) in the current month

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - April 22

Sr. No.	Name of APP #
1	Axis Bank APP
2	Citibank APP
3	Canara Bank APP
4	Federal Bank APP
5	Jio Payments Bank APP
6	HSBC Bank APP
7	Standard Chartered Bank APP
8	BHIM APP
9	Gpay (Live on HDFC handle)

Note:

# List of APPs live for checking the status of Transaction/complaint and raising complaints under UDIR

UPI Top 50 Banks Performance (Mar'22)

UPI Remitter Banks - Top 50 Banks (Mar'22)
Sr. No.	UPI Remitter Banks (Mar-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,482.61	91.98%	6.87%	1.15%	7.41	99.10%
2	HDFC Bank Ltd	476.94	94.36%	5.38%	0.26%	2.91	85.80%
3	Bank of Baroda	349.91	92.74%	6.90%	0.36%	1.97	99.54%
4	Union Bank of India	325.96	90.71%	8.07%	1.22%	2.65	55.71%
5	Paytm Payments Bank	313.91	95.35%	4.62%	0.03%	0.92	98.41%
6	ICICI Bank	306.56	94.19%	5.26%	0.55%	1.53	83.46%
7	Axis Bank Ltd	293.88	95.37%	4.49%	0.15%	1.31	82.78%
8	Punjab National Bank	248.39	92.87%	6.11%	1.02%	2.17	81.95%
9	Canara Bank	248.09	90.70%	7.73%	1.57%	2.88	61.67%
10	Kotak Mahindra Bank	224.76	92.82%	5.65%	1.53%	2.90	89.21%
11	Bank of India	195.89	94.45%	5.05%	0.50%	1.35	68.83%
12	Indian Bank	131.47	89.49%	7.59%	2.92%	2.65	55.69%
13	Central Bank Of India	107.95	91.08%	6.67%	2.26%	2.12	66.80%
14	Federal Bank	79.55	94.21%	5.69%	0.10%	0.32	97.47%
15	IDBI Bank Limited	76.63	94.61%	4.40%	0.98%	0.54	77.56%
16	Airtel Payments Bank	75.44	86.37%	12.26%	1.37%	0.62	72.44%
17	Bank of Maharashtra	68.87	94.09%	5.15%	0.75%	0.40	75.53%
18	Indian Overseas Bank	66.95	93.10%	5.68%	1.21%	0.53	76.53%
19	Yes Bank Ltd	61.53	93.58%	6.24%	0.18%	0.12	0.00%
20	India Post Payment Bank	59.04	83.22%	16.36%	0.42%	0.37	82.54%
21	UCO Bank	57.85	91.69%	6.22%	2.09%	0.69	49.66%
22	Karnataka Bank	50.49	92.54%	6.60%	0.85%	0.38	47.43%
23	IndusInd Bank	47.00	90.32%	8.27%	1.41%	0.61	78.85%
24	IDFC FIRST Bank	32.19	91.91%	7.09%	1.00%	0.36	46.68%
25	Karur Vysya Bank	31.98	91.45%	7.78%	0.77%	0.25	73.24%
26	Fino Payments Bank	30.13	79.79%	15.01%	5.20%	0.34	78.20%
27	Bandhan Bank	23.40	84.46%	12.18%	3.35%	0.30	11.11%
28	South Indian Bank	22.87	92.48%	7.11%	0.40%	0.11	92.24%
29	DBS Bank Ltd	19.26	92.48%	5.50%	2.02%	0.09	91.68%
30	City Union Bank	17.34	87.64%	10.06%	2.29%	0.26	71.46%
31	Equitas Small Finance Bank	16.44	81.51%	14.78%	3.71%	0.14	66.62%
32	Citibank	16.10	93.59%	6.12%	0.29%	0.07	86.47%
33	Standard Chartered	14.26	96.67%	3.01%	0.32%	0.08	92.94%
34	Ujjivan Small Finance Bank	13.88	91.72%	7.34%	0.94%	0.15	47.47%
35	Andhra Pradesh Grameena Vikas Bank	13.18	76.38%	16.48%	7.14%	0.47	4.59%
36	Tamilnad Mercantile Bank	13.05	91.31%	8.07%	0.61%	0.10	44.92%
37	AU small Finance Bank	12.76	93.51%	6.21%	0.28%	0.09	0.01%
38	Pragathi Krishna Gramin Bank	12.54	85.69%	11.21%	3.09%	0.15	54.31%
39	Jammu and Kashmir Bank	12.45	84.56%	10.46%	4.97%	0.23	34.54%
40	Punjab and Sind Bank	12.35	88.58%	10.90%	0.52%	0.10	76.05%
41	Maharashtra Gramin Bank	12.17	81.97%	17.21%	0.82%	0.10	26.64%
42	Saraswat Bank	11.41	95.75%	3.88%	0.37%	0.07	88.57%
43	Rajasthan Marudhara Gramin Bank	9.68	64.81%	18.30%	16.90%	0.45	5.14%
44	Andhra Pragathi Grameena Bank	8.97	67.16%	25.09%	7.75%	0.44	3.86%
45	Kerala Gramin Bank	8.23	87.74%	11.98%	0.28%	0.04	91.43%
46	ESAF Small Finance Bank Ltd.	7.87	86.68%	11.84%	1.48%	0.05	85.74%
47	RBL Bank	7.14	86.44%	13.16%	0.41%	0.04	83.96%
48	Sarva Haryana Gramin Bank	7.00	87.10%	8.03%	4.87%	0.11	37.98%
49	Baroda Rajasthan Kshetriya Gramin Bank	6.78	74.10%	11.12%	14.79%	0.27	10.58%
50	Karnataka Vikas Grameena Bank	6.36	77.67%	16.00%	6.33%	0.25	6.83%

UPI Top 50 Banks Performance (Mar'22)

UPI Beneficiary Banks - Top 50 Banks (Mar'22)
Sr.No.	UPI Beneficiary Banks (Mar-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1210.84	99.74%	0.25%	0.00%	0.00%
2	State Bank Of India	737.53	99.03%	0.35%	0.44%	0.18%
3	Yes Bank Ltd	678.13	99.71%	0.22%	0.05%	0.03%
4	Axis Bank Ltd	413.31	99.18%	0.57%	0.02%	0.23%
5	ICICI Bank	291.67	98.98%	0.69%	0.26%	0.06%
6	HDFC Bank Ltd	275.06	98.91%	0.92%	0.03%	0.14%
7	Bank of Baroda	191.67	99.00%	0.48%	0.40%	0.12%
8	Union Bank of India	179.59	98.65%	0.34%	0.83%	0.18%
9	Canara Bank	142.52	98.06%	0.69%	0.73%	0.52%
10	Punjab National Bank	133.47	98.42%	0.55%	0.82%	0.21%
11	Kotak Mahindra Bank	115.13	98.18%	0.67%	0.22%	0.92%
12	Bank of India	112.56	99.36%	0.32%	0.18%	0.14%
13	Federal Bank	112.07	99.74%	0.24%	0.02%	0.00%
14	Indian Bank	69.66	94.25%	3.18%	1.27%	1.30%
15	Airtel Payments Bank	60.14	98.52%	0.48%	0.79%	0.20%
16	Central Bank Of India	59.12	97.87%	0.64%	0.58%	0.90%
17	IndusInd Bank	51.42	98.51%	0.90%	0.35%	0.24%
18	IDBI Bank Limited	43.89	99.27%	0.53%	0.08%	0.11%
19	Indian Overseas Bank	39.20	98.75%	0.37%	0.62%	0.26%
20	Bank of Maharashtra	34.89	99.10%	0.28%	0.43%	0.19%
21	UCO Bank	33.57	97.77%	0.43%	1.34%	0.46%
22	India Post Payment Bank	29.42	99.17%	0.38%	0.23%	0.22%
23	Karnataka Bank	28.48	98.41%	0.92%	0.38%	0.29%
24	Karur Vysya Bank	21.84	99.08%	0.44%	0.30%	0.18%
25	IDFC FIRST Bank	20.88	98.31%	0.91%	0.22%	0.56%
26	South Indian Bank	16.17	99.32%	0.41%	0.25%	0.03%
27	Bandhan Bank	15.71	96.70%	0.60%	2.40%	0.30%
28	Fino Payments Bank	12.20	93.74%	2.28%	3.84%	0.15%
29	Citibank	12.09	99.17%	0.68%	0.03%	0.12%
30	AU small Finance Bank	11.83	97.89%	1.91%	0.08%	0.12%
31	City Union Bank	10.64	97.91%	1.07%	0.88%	0.15%
32	DBS Bank Ltd	9.56	94.91%	1.29%	3.69%	0.10%
33	Tamilnad Mercantile Bank	8.68	99.12%	0.42%	0.27%	0.19%
34	Equitas Small Finance Bank	8.53	94.20%	1.71%	3.55%	0.54%
35	Ujjivan Small Finance Bank	8.47	98.84%	0.38%	0.32%	0.46%
36	Pragathi Krishna Gramin Bank	7.55	98.51%	0.30%	0.50%	0.69%
37	Andhra Pradesh Grameena Vikas Bank	6.99	95.59%	0.12%	2.91%	1.38%
38	Punjab and Sind Bank	6.67	99.21%	0.36%	0.28%	0.15%
39	Maharashtra Gramin Bank	6.28	99.12%	0.25%	0.41%	0.22%
40	Kerala Gramin Bank	5.65	99.52%	0.28%	0.04%	0.17%
41	Saraswat Bank	5.43	99.42%	0.27%	0.26%	0.05%
42	Jammu and Kashmir Bank	5.29	94.71%	2.18%	2.87%	0.24%
43	Rajasthan Marudhara Gramin Bank	5.15	83.18%	2.50%	10.83%	3.50%
44	RBL Bank	5.13	96.18%	3.65%	0.09%	0.08%
45	ESAF Small Finance Bank Ltd.	4.83	98.77%	0.32%	0.82%	0.09%
46	Andhra Pragathi Grameena Bank	4.78	92.16%	1.37%	3.17%	3.30%
47	Baroda UP Gramin Bank	4.30	71.53%	4.96%	21.88%	1.62%
48	Sarva Haryana Gramin Bank	4.14	86.91%	0.61%	11.95%	0.53%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.00	84.39%	1.78%	11.47%	2.37%
50	Karnataka Vikas Grameena Bank	3.56	94.24%	1.56%	2.11%	2.09%

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 (Mar'22)

UPI Apps (Mar'22)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	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	8.33	1,934.41	-	-	-	-	4.82	2,557.85	13.16	4,492.25
2	Allahabad Bank Apps	0.02	6.15	-	-	-	-	-	-	0.02	6.15
3	Amazon Pay	76.34	6,894.78	-	-	-	-	-	-	76.34	6,894.78
4	AU Small Finance Bank Apps	0.29	104.48	-	-	-	-	-	-	0.29	104.48
5	Axis Bank Apps	7.09	1,045.13	54.21	39.81	0.00	0.00	-	-	61.29	1,084.94
6	Bajaj Finserv	0.35	24.08	-	-	-	-	-	-	0.35	24.08
7	Bank of Baroda Apps	0.69	328.61	-	-	-	-	-	-	0.69	328.61
8	Bank of India Apps	0.08	26.22	-	-	-	-	-	-	0.08	26.22
9	Bank of Maharashtra Apps	0.05	15.00	-	-	-	-	-	-	0.05	15.00
10	BHIM	24.88	8,050.24	-	-	-	-	-	-	24.88	8,050.24
11	Canara Bank Apps	0.31	109.68	-	-	-	-	-	-	0.31	109.68
12	Central Bank of India Apps	0.14	50.67	-	-	-	-	-	-	0.14	50.67
13	Citi Bank Apps	0.11	68.41	-	-	-	-	-	-	0.11	68.41
14	City Union Bank Apps	0.03	7.30	-	-	-	-	-	-	0.03	7.30
15	Cointab	0.08	33.22	-	-	-	-	-	-	0.08	33.22
16	Cred	12.11	16,136.11	-	-	-	-	-	-	12.11	16,136.11
17	DBS Digibank Apps	0.49	185.52	-	-	-	-	-	-	0.49	185.52
18	Dena Bank Apps	0.02	29.32	-	-	-	-	-	-	0.02	29.32
19	Deutsche Bank Apps	1.02	91.66	-	-	0.00	1.36	-	-	1.02	93.02
20	Dhanlaxmi Bank Apps	0.01	3.29	-	-	-	-	-	-	0.01	3.29
21	Fave	0.37	13.00	-	-	-	-	-	-	0.37	13.00
22	Federal Bank Apps	2.45	360.96	-	-	-	-	-	-	2.45	360.96
23	Fino Payments bank Apps	0.04	3.47	-	-	-	-	-	-	0.04	3.47
24	Finserv Markets	0.03	1.49	-	-	-	-	-	-	0.03	1.49
25	Finshell Pay	0.08	4.00	-	-	-	-	-	-	0.08	4.00
26	GoIbibo	0.02	5.91	-	-	-	-	-	-	0.02	5.91
27	Google Pay	1,838.12	338,873.25	-	-	-	-	-	-	1,838.12	338,873.25
28	Groww	0.83	472.71	-	-	-	-	-	-	0.83	472.71
29	HDFC Bank Apps	5.45	1,624.54	-	-	-	-	-	-	5.45	1,624.54
30	HSBC Bank Apps	0.10	61.85	0.00	0.16	-	-	-	-	0.10	62.00
31	ICICI Bank Apps	31.49	10,304.08	3.65	234.61	-	-	-	-	35.13	10,538.69
32	IDBI Bank Apps	0.03	16.25	-	-	-	-	-	-	0.03	16.25
33	IDFC Bank Apps	2.70	534.56	-	-	0.00	0.00	-	-	2.70	534.56
34	India Post Payments Bank Apps	2.95	321.14	-	-	-	-	-	-	2.95	321.14
35	Indian Bank Apps	0.11	42.26	-	-	0.00	0.00	-	-	0.11	42.26
36	Indian Overseas Bank Apps	0.01	1.62	-	-	-	-	-	-	0.01	1.62
37	IndusInd Bank Apps	1.03	2,252.30	-	-	-	-	-	-	1.03	2,252.30
38	Jammu and Kashmir Bank Apps	0.01	2.15	-	-	-	-	-	-	0.01	2.15
39	Janata Sahakari Bank Apps	0.01	4.51	-	-	-	-	-	-	0.01	4.51
40	Jio Payments Bank Apps	2.27	129.50	-	-	-	-	-	-	2.27	129.50
41	Jupiter	1.32	164.80	-	-	-	-	-	-	1.32	164.80
42	Karnataka Bank Apps	0.30	37.96	-	-	0.00	0.00	-	-	0.30	37.96
43	Karur Vysya Bank Apps	0.04	18.29	-	-	-	-	-	-	0.04	18.29
44	Kotak Mahindra Bank Apps	7.92	1,587.51	-	-	-	-	-	-	7.92	1,587.51
45	MakeMyTrip	0.10	47.10	-	-	-	-	-	-	0.10	47.10
46	MI Pay	0.24	36.02	-	-	-	-	-	-	0.24	36.02
47	Mobikwik	3.60	739.25	-	-	-	-	-	-	3.60	739.25
48	NSDL Payments Bank Apps	0.02	2.28	-	-	-	-	-	-	0.02	2.28
49	Paytm Payments Bank App	729.63	83,840.44	9.77	17.68	-	-	97.74	11,792.24	837.14	95,650.36
50	PhonePe	2,527.15	471,401.26	-	-	-	-	-	-	2,527.15	471,401.26
51	Punjab National Bank Apps	0.09	46.64	-	-	-	-	-	-	0.09	46.64
52	Punjab Sind Bank Apps	0.01	3.80	-	-	-	-	-	-	0.01	3.80
53	RBL Bank Apps	0.46	126.74	-	-	0.00	0.00	-	-	0.46	126.75
54	Samsung Pay	3.73	473.50	-	-	-	-	-	-	3.73	473.50
55	South Indian Bank Apps	0.13	44.63	-	-	-	-	-	-	0.13	44.63
56	Standard Chartered Bank Apps	0.13	69.84	-	-	-	-	-	-	0.13	69.84
57	State Bank of India Apps	4.01	2,130.56	-	-	0.00	0.00	-	-	4.01	2,130.56
58	SuperPay	0.10	0.64	-	-	-	-	-	-	0.10	0.64
59	UCO Bank Apps	0.19	40.88	-	-	-	-	-	-	0.19	40.88
60	Ultracash	0.03	1.12	-	-	-	-	-	-	0.03	1.12
61	Union Bank Apps	0.41	197.01	-	-	-	-	-	-	0.41	197.01
62	Utkarsh Small Finance Bank Apps	0.01	3.90	-	-	-	-	-	-	0.01	3.90
63	WhatsApp	2.54	239.78	-	-	-	-	-	-	2.54	239.78
64	Yes Bank Apps	35.25	8,746.74	0.00	0.00	-	-	-	-	35.25	8,746.74
65	YuvaPay	0.06	105.39	-	-	-	-	-	-	0.06	105.39
66	Others	0.02	8.11	-	-	-	-	-	-	0.02	8.11

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 forty (40) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Mar'22	5,405.65	9,60,581.66	3,201.15	7,77,823.30	2,204.50	1,82,758.36

UPI: P2P & P2M transactions by Amount Banding

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 (Mar'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,106.68	98.19%	1.81%	0.00%
2	Axis Bank Ltd.	865.64	98.24%	1.76%	0.00%
3	Paytm Payments Bank	753.45	98.13%	1.85%	0.02%
4	State Bank Of India	547.43	97.97%	2.02%	0.01%
5	HDFC Bank Ltd	499.24	98.72%	1.28%	0.00%
6	ICICI Bank	657.73	98.37%	1.62%	0.01%
7	BHIM	27.02	92.10%	7.84%	0.06%
8	Airtel Payments Bank	10.48	79.57%	20.31%	0.12%
9	Kotak Mahindra Bank	8.31	96.51%	3.49%	0.00%
10	IDFC FIRST Bank	3.23	95.90%	4.09%	0.01%
11	India Post Payment Bank	3.10	95.39%	4.59%	0.02%
12	Federal Bank	2.61	97.01%	2.98%	0.01%
13	Jio Payments Bank	2.37	95.70%	3.80%	0.50%
14	IndusInd Bank	1.07	97.29%	2.71%	0.01%
15	Deutsche Bank	1.05	99.87%	0.13%	0.00%

UPI Payee PSP Performance (Mar'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,015.28	98.67%	0.79%	0.54%
2	Paytm Payments Bank	1,162.91	98.58%	1.39%	0.03%
3	Axis Bank Ltd.	659.40	99.17%	0.42%	0.42%
4	HDFC Bank Ltd	280.47	98.64%	1.08%	0.28%
5	State Bank Of India	274.29	98.94%	0.53%	0.53%
6	ICICI Bank	465.07	98.72%	0.39%	0.88%
7	Federal Bank	70.53	99.78%	0.04%	0.18%
8	IndusInd Bank	27.59	97.27%	1.53%	1.20%
9	Kotak Mahindra Bank	18.99	99.05%	0.65%	0.30%
10	Airtel Payments Bank	17.35	98.77%	0.07%	1.15%
11	Citibank	9.67	98.72%	0.00%	1.27%
12	BHIM	8.58	97.77%	0.20%	2.02%
13	IDFC FIRST Bank	6.87	97.57%	0.14%	2.29%
14	Bank of Baroda	4.70	99.34%	0.45%	0.21%
15	AU small Finance Bank	3.67	99.59%	0.00%	0.41%

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 Top 50 Banks Performance (Feb'22)

UPI Remitter Banks - Top 50 Banks (Feb'22)
Sr. No.	UPI Remitter Banks (Feb-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,242.45	90.66%	6.79%	2.55%	11.28	75.33%
2	HDFC Bank Ltd	400.52	94.62%	5.20%	0.19%	2.37	96.32%
3	Bank of Baroda	294.86	92.42%	6.89%	0.69%	1.83	96.92%
4	Union Bank of India	280.49	90.55%	8.32%	1.14%	3.52	47.42%
5	Paytm Payments Bank	263.34	95.18%	4.75%	0.07%	1.06	94.64%
6	ICICI Bank	259.62	94.42%	5.30%	0.28%	1.55	88.66%
7	Axis Bank Ltd	248.03	95.45%	4.18%	0.36%	1.68	67.14%
8	Punjab National Bank	207.63	92.73%	6.00%	1.27%	2.57	80.38%
9	Canara Bank	204.75	92.88%	6.72%	0.39%	1.31	86.79%
10	Kotak Mahindra Bank	187.06	92.90%	5.67%	1.44%	2.46	83.89%
11	Bank of India	166.31	92.90%	5.19%	1.91%	2.21	45.86%
12	Indian Bank	114.49	87.11%	6.59%	6.30%	3.55	34.70%
13	Central Bank Of India	91.62	91.53%	6.88%	1.59%	1.58	76.30%
14	Federal Bank	65.00	94.00%	5.48%	0.52%	0.41	86.47%
15	IDBI Bank Limited	64.77	95.29%	4.43%	0.29%	0.43	90.67%
16	Airtel Payments Bank	61.39	86.12%	12.37%	1.52%	0.64	72.15%
17	Bank of Maharashtra	58.24	94.00%	5.15%	0.86%	0.34	80.07%
18	Indian Overseas Bank	56.56	92.81%	5.94%	1.25%	0.82	72.03%
19	Yes Bank Ltd	53.95	94.68%	5.05%	0.28%	0.11	67.70%
20	UCO Bank	48.24	92.84%	6.30%	0.86%	0.51	64.59%
21	India Post Payment Bank	46.47	80.74%	16.11%	3.15%	1.10	28.20%
22	Karnataka Bank	42.93	90.88%	7.75%	1.37%	0.39	45.48%
23	IndusInd Bank	39.64	91.72%	7.72%	0.56%	0.33	88.87%
24	Karur Vysya Bank	27.14	90.89%	8.51%	0.60%	0.23	78.40%
25	IDFC FIRST Bank	26.84	92.84%	6.33%	0.83%	0.23	56.43%
26	Fino Payments Bank	23.81	81.19%	15.88%	2.93%	0.24	91.90%
27	South Indian Bank	19.25	91.98%	7.80%	0.22%	0.09	97.15%
28	Bandhan Bank	19.15	89.28%	9.68%	1.03%	0.17	14.19%
29	DBS Bank India Limited	16.64	93.77%	5.90%	0.33%	0.09	81.62%
30	City Union Bank	14.32	91.96%	6.58%	1.46%	0.18	91.15%
31	Equitas Small Finance Bank	13.88	83.73%	15.31%	0.96%	0.12	78.93%
32	Citibank	13.65	94.96%	4.88%	0.17%	0.04	99.05%
33	Standard Chartered	11.92	96.44%	3.07%	0.48%	0.07	81.27%
34	Ujjivan Small Finance Bank	11.81	88.80%	7.89%	3.31%	0.30	34.40%
35	Tamilnad Mercantile Bank	10.92	90.18%	8.92%	0.90%	0.14	42.89%
36	Andhra Pradesh Grameena Vikas Bank	10.71	78.91%	15.80%	5.29%	0.12	21.53%
37	AU small Finance Bank	10.51	93.36%	6.38%	0.26%	0.08	0.02%
38	Pragathi Krishna Gramin Bank	10.41	85.79%	10.82%	3.39%	0.17	50.63%
39	Maharashtra Gramin Bank	10.27	77.38%	14.62%	8.00%	0.16	19.94%
40	Jammu and Kashmir Bank	10.04	86.27%	9.24%	4.49%	0.21	28.76%
41	Saraswat Bank	9.79	94.30%	4.08%	1.62%	0.14	56.48%
42	Punjab and Sind Bank	9.72	83.04%	12.94%	4.02%	0.14	50.51%
43	Andhra Pragathi Grameena Bank	7.44	69.16%	26.39%	4.45%	0.21	9.48%
44	Rajasthan Marudhara Gramin Bank	7.25	80.18%	15.08%	4.74%	0.18	12.98%
45	Kerala Gramin Bank	7.02	87.02%	11.90%	1.09%	0.06	76.84%
46	ESAF Small Finance Bank Ltd.	6.49	87.36%	10.65%	1.99%	0.05	85.68%
47	RBL Bank	6.08	91.62%	7.83%	0.55%	0.04	88.13%
48	Baroda Rajasthan Kshetriya Gramin Bank	5.94	81.09%	8.47%	10.44%	0.28	12.84%
49	Sarva Haryana Gramin Bank	5.82	85.73%	11.06%	3.20%	0.10	73.42%
50	Karnataka Vikas Grameena Bank	5.15	82.04%	13.75%	4.21%	0.11	13.28%

UPI Top 50 Banks Performance (Feb'22)

UPI Beneficiary Banks - Top 50 Banks (Feb'22)
Sr.No.	UPI Beneficiary Banks (Feb-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	980.72	99.71%	0.27%	0.01%	0.01%
2	State Bank Of India	618.15	97.84%	0.37%	1.32%	0.47%
3	Yes Bank Ltd	583.50	99.89%	0.09%	0.01%	0.01%
4	Axis Bank Ltd	338.97	99.64%	0.23%	0.03%	0.10%
5	ICICI Bank	291.95	98.84%	0.93%	0.17%	0.07%
6	HDFC Bank Ltd	238.45	98.75%	1.12%	0.06%	0.08%
7	Bank of Baroda	160.40	98.94%	0.39%	0.39%	0.28%
8	Union Bank of India	154.66	98.96%	0.47%	0.22%	0.34%
9	Canara Bank	121.04	99.09%	0.79%	0.06%	0.07%
10	Punjab National Bank	112.52	98.26%	0.58%	0.87%	0.29%
11	Bank of India	95.11	98.27%	0.44%	0.82%	0.48%
12	Federal Bank	93.08	99.56%	0.23%	0.15%	0.06%
13	Kotak Mahindra Bank	92.40	98.27%	0.75%	0.12%	0.85%
14	Indian Bank	62.84	90.27%	4.47%	3.51%	1.75%
15	Airtel Payments Bank	51.15	98.59%	0.74%	0.40%	0.27%
16	Central Bank Of India	51.07	98.18%	0.69%	0.36%	0.77%
17	IndusInd Bank	43.70	98.97%	0.45%	0.24%	0.33%
18	IDBI Bank Limited	37.88	99.28%	0.57%	0.10%	0.05%
19	Indian Overseas Bank	33.13	98.98%	0.44%	0.21%	0.37%
20	Bank of Maharashtra	29.80	98.87%	0.30%	0.66%	0.17%
21	UCO Bank	28.27	98.72%	0.50%	0.40%	0.37%
22	Karnataka Bank	24.19	98.27%	0.71%	0.67%	0.35%
23	India Post Payment Bank	23.37	98.17%	0.40%	1.05%	0.38%
24	Karur Vysya Bank	18.61	99.19%	0.46%	0.22%	0.13%
25	IDFC FIRST Bank	18.00	98.42%	0.88%	0.55%	0.16%
26	South Indian Bank	13.61	99.39%	0.44%	0.15%	0.01%
27	Bandhan Bank	13.22	98.44%	0.65%	0.82%	0.09%
28	Citibank	11.19	99.34%	0.64%	0.02%	0.00%
29	Fino Payments Bank	9.90	95.14%	2.65%	2.14%	0.07%
30	AU small Finance Bank	9.80	97.76%	2.06%	0.06%	0.12%
31	City Union Bank	9.09	98.17%	1.17%	0.56%	0.11%
32	DBS Bank India Limited	8.21	98.23%	1.52%	0.16%	0.09%
33	Equitas Small Finance Bank	7.27	97.87%	1.01%	0.87%	0.24%
34	Tamilnad Mercantile Bank	7.20	98.68%	0.67%	0.25%	0.39%
35	Ujjivan Small Finance Bank	7.03	96.68%	0.42%	1.54%	1.36%
36	Pragathi Krishna Gramin Bank	6.42	97.58%	0.31%	1.27%	0.85%
37	Andhra Pradesh Grameena Vikas Bank	5.90	97.15%	0.20%	2.03%	0.63%
38	Maharashtra Gramin Bank	5.49	91.33%	0.22%	7.92%	0.53%
39	Punjab and Sind Bank	5.26	94.80%	0.40%	4.07%	0.73%
40	Kerala Gramin Bank	4.83	98.85%	0.29%	0.56%	0.30%
41	Saraswat Bank	4.66	98.47%	0.33%	0.81%	0.40%
42	Rajasthan Marudhara Gramin Bank	4.20	96.33%	0.27%	1.64%	1.76%
43	Jammu and Kashmir Bank	4.13	95.53%	1.72%	2.27%	0.48%
44	RBL Bank	4.11	97.54%	2.01%	0.25%	0.20%
45	ESAF Small Finance Bank Ltd.	4.11	98.03%	0.33%	1.52%	0.11%
46	Andhra Pragathi Grameena Bank	4.04	94.63%	1.43%	2.15%	1.79%
47	Baroda Rajasthan Kshetriya Gramin Bank	3.53	89.65%	1.92%	5.63%	2.81%
48	Sarva Haryana Gramin Bank	3.44	87.60%	1.14%	10.72%	0.53%
49	Baroda UP Gramin Bank	3.20	87.81%	6.05%	4.66%	1.48%
50	Karnataka Vikas Grameena Bank	3.03	96.71%	0.23%	2.16%	0.89%

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 (Feb'22)

UPI Apps (Feb'22)
Sr.No.	Application Name	Customer Initiated Transactions		B2C Transactions		B2B Transactions		On-us Transactions		Total
Sr.No.	Application Name	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	5.80	1,199.46	-	-	-	-	1.77	1,010.71	7.58	2,210.17
2	Allahabad Bank App	0.02	6.28	-	-	-	-	-	-	0.02	6.28
3	Amazon Pay	63.49	6,044.47	-	-	-	-	-	-	63.49	6,044.47
4	AU Small Finance Bank App	0.25	89.36	-	-	-	-	-	-	0.25	89.36
5	Axis Bank Apps	6.90	1,366.34	47.88	38.91	0.00	0.00	-	-	54.78	1,405.26
6	Bajaj Finserv	0.33	19.32	-	-	-	-	-	-	0.33	19.32
7	Bank of Baroda Apps	0.67	330.69	-	-	0.00	0.00	-	-	0.67	330.69
8	Bank of India App	0.05	21.28	-	-	-	-	-	-	0.05	21.28
9	Bank of Maharashtra App	0.05	12.49	-	-	-	-	-	-	0.05	12.49
10	BHIM	23.25	7,891.86	-	-	-	-	-	-	23.25	7,891.86
11	Canara Bank App	0.26	95.78	-	-	-	-	-	-	0.26	95.78
12	Central Bank of India App	0.12	45.26	-	-	-	-	-	-	0.12	45.26
13	Citi Bank App	0.08	69.22	-	-	-	-	-	-	0.08	69.22
14	City Union Bank App	0.02	5.49	-	-	-	-	-	-	0.02	5.49
15	Cointab	1.73	280.57	-	-	-	-	-	-	1.73	280.57
16	Cred	10.08	13,364.09	-	-	-	-	-	-	10.08	13,364.09
17	DBS Digibank App	0.46	173.63	-	-	-	-	-	-	0.46	173.63
18	Dena Bank App	0.02	23.93	-	-	-	-	-	-	0.02	23.93
19	Deutsche Bank App	0.87	70.43	-	-	-	-	-	-	0.87	70.43
20	Dhanlaxmi Bank App	0.01	2.83	-	-	-	-	-	-	0.01	2.83
21	Federal Bank App	0.55	108.21	-	-	0.00	0.00	-	-	0.55	108.21
22	Fino Payments bank App	0.03	3.25	-	-	-	-	-	-	0.03	3.25
23	Finshell Pay	0.06	3.80	-	-	-	-	-	-	0.06	3.80
24	Google Pay	1,524.09	291,273.46	-	-	-	-	-	-	1,524.09	291,273.46
25	HDFC Bank Apps	4.59	1,370.03	-	-	-	-	-	-	4.59	1,370.03
26	HSBC Bank App	0.08	52.94	0.00	0.04	-	-	-	-	0.08	52.97
27	ICICI Bank Apps	27.39	8,537.11	3.27	190.34	-	-	-	-	30.66	8,727.44
28	IDBI Bank App	0.02	14.60	-	-	-	-	-	-	0.02	14.60
29	IDFC Bank App	1.21	321.93	-	-	0.00	0.00	-	-	1.21	321.93
30	India Post Payments Bank App	2.21	268.90	-	-	-	-	-	-	2.21	268.90
31	Indian Bank App	0.11	42.07	-	-	-	-	-	-	0.11	42.07
32	IndusInd Bank App	0.77	1,358.24	-	-	-	-	-	-	0.77	1,358.24
33	Jammu and Kashmir Bank App	0.01	3.43	-	-	-	-	-	-	0.01	3.43
34	Janta Sahakari Bank App	0.01	4.33	-	-	-	-	-	-	0.01	4.33
35	Jio Payments Bank App	1.97	111.85	-	-	-	-	-	-	1.97	111.85
36	Jupiter Money	1.13	140.79	-	-	-	-	-	-	1.13	140.79
37	Karnataka Bank App	0.25	31.35	-	-	-	-	-	-	0.25	31.35
38	Karur Vysya Bank App	0.04	17.17	-	-	-	-	-	-	0.04	17.17
39	Kotak Mahindra Bank Apps	6.91	1,383.30	-	-	-	-	-	-	6.91	1,383.30
40	MakeMy Trip	0.08	33.03	-	-	-	-	-	-	0.08	33.03
41	MI Pay	0.25	38.46	-	-	-	-	-	-	0.25	38.46
42	Mobikwik	3.78	755.89	-	-	-	-	-	-	3.78	755.89
43	NSDL Payments Bank App	0.02	1.77	-	-	-	-	-	-	0.02	1.77
44	Paytm Payments Bank App	613.77	72,204.32	8.48	18.96	-	-	84.52	14,075.94	706.77	86,299.22
45	PhonePe	2,120.20	407,640.11	-	-	-	-	-	-	2,120.20	407,640.11
46	Punjab National Bank App	0.08	43.49	-	-	-	-	-	-	0.08	43.49
47	Punjab Sindh Bank Apps	0.01	2.66	-	-	-	-	-	-	0.01	2.66
48	RBL Bank App	0.51	107.25	-	-	0.00	0.00	-	-	0.51	107.25
49	Samsung Pay	3.14	421.97	-	-	-	-	-	-	3.14	421.97
50	South Indian Bank App	0.12	38.69	-	-	-	-	-	-	0.12	38.69
51	Standard Chartered Bank App	0.12	64.70	-	-	-	-	-	-	0.12	64.70
52	State Bank of India Apps	3.38	1,863.42	-	-	0.00	0.00	-	-	3.38	1,863.42
53	UCO Bank App	0.16	35.05	-	-	-	-	-	-	0.16	35.05
54	Ultracash	1.51	158.70	-	-	-	-	-	-	1.51	158.70
55	Union Bank Apps	0.35	166.72	-	-	-	-	-	-	0.35	166.72
56	Utkarsh Small Finance Bank	0.01	2.42	-	-	-	-	-	-	0.01	2.42
57	WhatsApp	2.24	207.09	-	-	-	-	-	-	2.24	207.09
58	Yes Bank Apps	31.99	6,551.55	0.19	0.06	-	-	-	-	32.17	6,551.61
59	YuvaPay	0.05	89.70	-	-	-	-	-	-	0.05	89.70
60	Others	0.02	8.15	-	-	-	-	-	-	0.02	8.15

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 forty (40) million in UPI

UPI P2P and P2M Transactions

UPI P2P and P2M Transactions
Month	Total		P2P		P2M
Month	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)	Volume (Mn)	Value (Cr)
Feb'22	4,527.49	8,26,843.00	2,631.65	6,63,841.98	1,895.84	1,63,001.03

UPI: P2P & P2M transactions by Amount Banding

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 (Feb'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	1792.10	97.87%	2.13%	0.00%
2	Axis Bank Ltd.	723.79	98.06%	1.94%	0.00%
3	Paytm Payments Bank	634.58	98.06%	1.92%	0.02%
4	ICICI Bank	552.51	97.94%	2.06%	0.00%
5	State Bank Of India	446.83	97.74%	2.24%	0.02%
6	HDFC BANK LTD	418.82	98.61%	1.39%	0.00%
7	BHIM	25.47	91.28%	8.57%	0.15%
8	Kotak Mahindra Bank	7.18	96.20%	3.80%	0.00%
9	Airtel Payments Bank	6.65	87.23%	12.54%	0.23%
10	IDFC FIRST Bank	2.86	95.00%	4.96%	0.04%
11	India Post Payment Bank	2.36	93.44%	6.50%	0.06%
12	Federal Bank	2.36	96.84%	3.12%	0.04%
13	Jio Payments Bank	2.07	95.10%	4.40%	0.50%
14	Deutsche Bank	0.88	99.92%	0.08%	0.00%
15	INDUSIND BANK	0.81	94.84%	5.15%	0.01%

UPI Payee PSP Performance (Feb'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	1712.70	98.95%	0.97%	0.08%
2	Paytm Payments Bank	927.78	99.68%	0.29%	0.03%
3	Axis Bank Ltd.	553.08	98.03%	0.57%	1.40%
4	ICICI Bank	486.09	98.39%	0.56%	1.05%
5	HDFC BANK LTD	243.04	97.90%	1.86%	0.24%
6	State Bank Of India	231.97	96.00%	0.72%	3.28%
7	Federal Bank	59.54

UPI Ecosystem Statistics

UPI

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UPI Apps (Nov'22)

UPI P2P and P2M Transactions

Glossary

UPI Merchant Category Classification - November 22

Glossary

UPI Top 50 Banks Performance (Oct'22)

UPI Top 50 Banks Performance (Oct'22)

Glossary

UPI Apps (Oct'22)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

Glossary

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - October 22

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - October 22

UPI Merchant Category Classification - October 22

Glossary

UPI Top 50 Banks Performance (Sep'22)

UPI Top 50 Banks Performance (Sep'22)

Glossary

UPI Apps (Sep'22)

UPI P2P and P2M Transactions

Glossary

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - September 22

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - September 22

UPI Payer PSP Performance

Glossary

UPI Merchant Category Classification - September 22

Glossary

UPI Top 50 Banks Performance (Aug'22)

UPI Top 50 Banks Performance (Aug'22)

Glossary

UPI Apps (Aug'22)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

Glossary

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - August 22

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - August 22

UPI Merchant Category Classification - August 22

Glossary

UPI Top 50 Banks Performance (Jul'22)

UPI Top 50 Banks Performance (Jul'22)

Glossary

UPI Apps (Jul'22)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

Glossary

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - July 22

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - July 22

UPI Top 50 Banks Performance (Jun'22)

UPI Top 50 Banks Performance (Jun'22)

Glossary

UPI Apps (Jun'22)

UPI Payer PSP Performance

Glossary

UPI P2P and P2M Transactions

Glossary

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - June 22

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - June 22

UPI Top 50 Banks Performance (May'22)

UPI Top 50 Banks Performance (May'22)

Glossary

UPI Apps (May'22)

UPI Payer PSP Performance

Glossary

UPI P2P and P2M Transactions

Glossary

List of Banks live on Unified Dispute & Issue Resolution (UDIR) - May 22

List of APPs live on Unified Dispute & Issue Resolution (UDIR) - May 22

UPI Top 50 Banks Performance (Apr'22)

UPI Top 50 Banks Performance (Apr'22)

Glossary

UPI Apps (Apr'22)

UPI P2P and P2M Transactions

Glossary