New Delhi, April 17: In India, payment modes like UPI, debit and credit cards, prepaid payment instruments - Mobile and Prepaid cards processed 87.92 billion transactions worth Rs 149.5 trillion during 2022, according to a new report.
The report highlighted that UPI clocked over 74.05 billion transactions in volume and Rs 126 lakh crore in terms of value. Its transactions volume and value almost doubled since last year as it recorded 91 per cent increase in volume and over 76 per cent increase in value in the year 2022 as compared to 2021.
In terms of UPI, Person-to-Merchant (P2M) and Person-to-Person (P2P) are the most preferred payment modes among consumers with a market share of 40 per cent and 44 per cent in terms of transactions volume (UPI was 84pc in total), according to Worldline in its India Digital Payments Annual Report.
In India, payment modes like UPI, debit and credit cards, prepaid payment instruments - Mobile and Prepaid cards processed 87.92 billion transactions worth Rs 149.5 trillion during 2022, according to a new report.
Get latest articles and stories on Business at LatestLY. In terms of UPI, Person-to-Merchant (P2M) and Person-to-Person (P2P) are the most preferred payment modes among consumers with a market share of 40 per cent and 44 per cent in terms of transactions volume (UPI was 84pc in total), according to Worldline in its India Digital Payments Annual Report. Business News | Transactions Worth Rs 149.5 Trillion Done in India During 2022 Via UPI, Debit, Credit Cards, Prepaid Instruments: Report.