Take A Look At How UPI Is Preferred Over Debit Cards By Indians

According to the latest official data, Unified Payments Interface (UPI) is emerging as the most preferred payment method by Indians, than the use of debit cards

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For every ₹100 spent on debit cards, consumers spent more than ₹1,900 through UPI

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According to the debit card usage of data sourced from Reserve Bank of India, debit card transactions by value stood at ₹7.2 trillion in FY23.

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According to the UPI transaction data from the National Payments Corp. of India (NPCI), the UPI the btransactions by value was at ₹139.2 trillion

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The transaction volume of UPI in FY23 was at 83.8 billion while the transaction volumes of debit card declined to 3.4 billion in FY23

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