Unified Payments Interface (UPI) Ecosystem Statistics

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UPI Merchant Category Classification

UPI Merchant Category Classification - Jun 24

UPI Merchant Category-wise Classification - Jun'24
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	5814	Fast food restaurants
	5812	Eating places and restaurants
	4814	Telecommunication services, including local and long distance calls, credit card cal
	5541	Service stations (with or without ancillary services)
	5816	Digital Goods: Games
	5912	Drug stores and pharmacies
	5462	Bakeries
	5311	Department stores
	4900	Utilities electric, gas, water and sanitary
Medium Transacting Categories	5451	Dairies
	7322	Debt collection agencies
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges
	5441	Candy, nut and confectionery shops
	5422	Freezer and locker meat provisioners
	5921	Package shops beer, wine and liquor
	7622	Electronics repair shops
	5993	Cigar shops and stands
	6211	Securities brokers and dealers
	5262	Online Marketplaces
All Other Categories	5137	Mens, womens and childrens uniforms and commercial clothing
	5732	Electronics shops
	7230	Beauty and barber shops
	4112	Passenger railways
	9399	Government services not elsewhere classified
	5331	Variety stores
	4121	Passenger railways
	6012	Financial institutions merchandise and services
	5691	Mens and womens clothing 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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (May'24)

UPI Remitter Banks - Top 50 Banks (May'24)
Sr. No.	UPI Remitter Banks (May-2024)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	3758.35	94.80%	5.01%	0.20%	13.29	98.55%
2	HDFC Bank Ltd	1211.41	95.75%	4.19%	0.06%	3.69	98.50%
3	Bank of Baroda	930.35	92.49%	6.56%	0.95%	4.50	84.38%
4	Union Bank of India	876.18	94.38%	5.38%	0.24%	3.38	78.77%
5	Punjab National Bank	785.36	93.64%	6.05%	0.31%	3.19	87.42%
6	Kotak Mahindra Bank	746.83	92.83%	6.78%	0.39%	3.56	63.74%
7	Canara Bank	670.33	92.87%	6.15%	0.98%	5.16	72.09%
8	ICICI Bank	627.63	96.33%	3.62%	0.05%	1.65	95.22%
9	Axis Bank Ltd.	627.47	95.60%	4.39%	0.02%	1.77	95.16%
10	Bank of India	454.54	93.16%	5.16%	1.68%	2.77	61.76%
11	Indian Bank	427.45	94.11%	5.65%	0.24%	1.53	83.49%
12	Airtel Payments Bank	413.75	91.27%	8.20%	0.52%	1.75	96.34%
13	India Post Payment Bank	317.28	86.84%	12.47%	0.70%	1.34	82.16%
14	Federal Bank	212.71	94.09%	5.44%	0.47%	0.75	89.02%
15	Central Bank Of India	206.31	87.26%	11.16%	1.57%	1.59	69.46%
16	Indian Overseas Bank	197.96	94.32%	5.24%	0.44%	0.75	88.54%
17	UCO Bank	184.22	93.72%	6.16%	0.11%	0.72	87.45%
18	IDBI Bank Limited	159.28	94.40%	5.46%	0.14%	0.55	90.23%
19	Bank of Maharashtra	152.68	92.45%	5.48%	2.06%	1.14	57.34%
20	Indusind Bank	150.37	92.32%	7.38%	0.31%	0.96	97.88%
21	Fino Payments Bank Limited	140.12	92.59%	7.19%	0.22%	0.66	75.30%
22	Yes Bank Ltd	121.13	94.05%	5.90%	0.05%	0.30	89.05%
23	Karnataka Bank	110.31	93.24%	6.47%	0.29%	0.41	84.19%
24	IDFC First Bank	87.12	92.89%	7.06%	0.04%	0.27	93.96%
25	Karur Vysya Bank	68.36	93.97%	5.85%	0.18%	0.21	93.36%
26	Jammu and Kashmir Bank	66.17	93.91%	4.48%	1.60%	0.64	32.81%
27	Bandhan Bank	59.24	91.70%	6.70%	1.60%	0.27	96.55%
28	South Indian Bank	54.78	95.49%	4.41%	0.10%	0.14	90.82%
29	Tri O Tech Solutions Private Limited	50.10	100.00%	0.00%	0.00%	0.00	0.00%
30	AU small Finance Bank	47.67	93.42%	5.75%	0.83%	0.25	76.77%
31	Ujjivan Small Finance Bank	45.10	93.75%	5.64%	0.61%	0.22	70.45%
32	City Union Bank	41.63	92.90%	6.73%	0.37%	0.14	99.12%
33	Punjab and Sind Bank	38.16	92.76%	6.89%	0.36%	0.19	82.65%
34	Tamilnad Mercantile Bank	38.01	92.38%	7.19%	0.44%	0.12	79.30%
35	Equitas Small Finance Bank	33.53	92.55%	7.18%	0.27%	0.15	85.61%
36	Andhra Pradesh Grameena Vikas Bank	29.80	85.93%	12.05%	2.02%	0.19	69.54%
37	Kerala Gramin Bank	29.05	92.97%	5.66%	1.37%	0.16	62.06%
38	Pragathi Krishna Gramin Bank	27.76	89.64%	7.36%	3.00%	0.40	55.43%
39	DBS Bank India Limited	27.40	94.26%	5.59%	0.16%	0.09	72.20%
40	Maharashtra Gramin Bank	26.27	86.04%	11.57%	2.39%	0.12	57.65%
41	Rajasthan Marudhara Gramin Bank	25.55	86.55%	11.29%	2.16%	0.23	36.91%
42	Standard Chartered	25.23	96.94%	2.87%	0.18%	0.07	88.23%
43	Saraswat Bank	23.75	95.17%	4.19%	0.64%	0.09	71.49%
44	Baroda UP Gramin Bank	23.63	78.17%	9.63%	12.20%	0.73	18.03%
45	ESAF Small Finance Bank Ltd.	22.91	95.23%	4.54%	0.23%	0.07	98.57%
46	Fincare Small Finance Bank Ltd	21.54	85.62%	13.92%	0.46%	0.10	86.35%
47	Sarva Haryana Gramin Bank	20.85	86.11%	12.06%	1.83%	0.20	39.45%
48	Citi Bank	20.03	96.49%	3.14%	0.37%	0.07	99.11%
49	Andhra Pragathi Grameena Bank	18.23	83.62%	13.00%	3.38%	0.28	22.98%
50	RBL Bank Limited	16.38	89.18%	9.91%	0.92%	0.09	54.47%

UPI Top 50 Banks Performance (May'24)

UPI Beneficiary Banks - Top 50 Banks (May'24)
Sr.No.	UPI Beneficiary Banks (May-2024)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Yes Bank Ltd	5597.32	99.96%	0.02%	0.02%	0.00%
2	State Bank of India	1589.47	99.76%	0.10%	0.15%	0.05%
3	Axis Bank Ltd	1290.76	99.88%	0.11%	0.00%	0.01%
4	HDFC Bank Ltd	652.69	98.85%	1.10%	0.06%	0.03%
5	ICICI Bank	633.50	99.61%	0.37%	0.02%	0.02%
6	Bank of Baroda	400.48	99.31%	0.25%	0.45%	0.14%
7	Federal Bank	391.25	99.36%	0.24%	0.41%	0.07%
8	Union Bank Of India	356.69	99.46%	0.11%	0.43%	0.04%
9	Punjab national Bank	326.47	99.36%	0.29%	0.36%	0.17%
10	Canara Bank	305.13	97.98%	1.15%	0.87%	0.36%
11	Kotak Mahindra Bank	285.74	99.27%	0.44%	0.29%	0.11%
12	Airtel Payments Bank	264.42	99.41%	0.25%	0.35%	0.09%
13	Indian Bank	230.91	98.47%	1.32%	0.22%	0.21%
14	Bank Of India	203.54	98.08%	0.82%	1.10%	0.40%
15	India Post Payment Bank	136.48	99.39%	0.28%	0.33%	0.06%
16	Indusind Bank	127.61	99.32%	0.49%	0.19%	0.04%
17	Central Bank of India	94.86	98.67%	0.57%	0.77%	0.20%
18	Indian Overseas Bank	93.82	98.87%	0.89%	0.24%	0.12%
19	UCO Bank	87.25	99.23%	0.71%	0.05%	0.03%
20	Fino Payments Bank Limited	72.06	96.62%	3.19%	0.19%	0.04%
21	IDBI Bank Limited	67.45	99.62%	0.31%	0.07%	0.01%
22	Bank of Maharashtra	62.25	97.48%	0.18%	2.34%	0.42%
23	Karnataka Bank	48.13	98.31%	1.40%	0.30%	0.04%
24	RBL Bank LTD	45.73	98.38%	1.39%	0.23%	0.12%
25	IDFC First Bank	36.08	98.76%	1.17%	0.07%	0.01%
26	Karur Vysya Bank	35.56	98.62%	1.22%	0.16%	0.04%
27	Bandhan Bank	35.28	97.94%	0.41%	1.65%	0.06%
28	South Indian Bank	34.01	98.76%	1.15%	0.09%	0.02%
29	Jammu and Kashmir Bank	32.79	99.20%	0.45%	0.35%	0.35%
30	ONE MOBIKWIK SYSTEMS LIMITED	31.71	99.96%	0.02%	0.03%	0.00%
31	AU small Finance Bank	27.89	97.90%	1.53%	0.57%	0.12%
32	Tamilnad Mercantile Bank	25.26	99.55%	0.09%	0.36%	0.04%
33	Tri O Tech Solutions Private Limited	24.56	96.07%	3.80%	0.13%	0.03%
34	Ujjivan Small Finance Bank	22.36	98.74%	0.89%	0.37%	0.25%
35	City Union Bank	21.65	97.73%	2.00%	0.27%	0.00%
36	Punjab and Sind Bank	16.69	98.68%	1.02%	0.30%	0.10%
37	Kerala Gramin Bank	15.56	98.12%	0.97%	0.91%	0.40%
38	Equitas Small Finance Bank	14.39	98.49%	1.32%	0.19%	0.06%
39	Andhra Pradesh Grameena Vikas Bank	13.89	98.87%	0.45%	0.67%	0.15%
40	Jio Payments Bank	13.39	99.05%	0.50%	0.46%	0.18%
41	Pragathi Krishna Gramin Bank	13.28	97.27%	1.18%	1.56%	0.94%
42	Maharashtra Gramin Bank	12.25	97.65%	0.35%	2.01%	0.39%
43	CITI Bank	12.10	99.79%	0.00%	0.21%	0.30%
44	Rajasthan Marudhara Gramin Bank	12.01	97.70%	0.42%	1.88%	0.42%
45	Baroda Uttar Pradesh Gramin Bank	11.53	90.43%	0.62%	8.96%	2.70%
46	The Cosmos Co-Operative Bank Ltd	11.39	97.72%	0.09%	2.20%	0.58%
47	DBS Bank India Limited	11.22	97.51%	1.57%	0.92%	0.06%
48	ESAF Small Finance Bank Ltd.	11.10	99.73%	0.19%	0.08%	0.02%
49	Fincare Small Finance Bank Ltd	10.07	96.43%	3.15%	0.41%	0.06%
50	Andhra Pragathi Grameena Bank	9.22	97.03%	0.88%	2.10%	0.37%

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'24)

UPI Apps (May'24)
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	PhonePe	6831.92	1033588.80	0.00	0.00	0.00	0.00	0.00	0.00	6831.92	1033588.80
2	Google Pay	5219.56	723315.70	0.00	0.00	0.00	0.00	0.00	0.00	5219.56	723315.70
3	Paytm (OCL)	1140.01	124704.79	0.00	0.00	0.00	0.00	0.00	0.00	1140.01	124704.80
4	Cred	140.08	47547.15	0.00	0.00	0.00	0.00	0.00	0.00	140.08	47547.15
5	Amazon Pay	68.34	7419.41	0.00	0.00	0.00	0.00	0.00	0.00	68.34	7419.41
6	Axis Bank Apps	14.15	3722.58	49.93	2184.74	0.01	2.89	0.00	0.00	64.08	5910.20
7	ICICI Bank Apps	38.50	15332.69	4.22	449.37	9.37	12661.97	0.00	0.00	52.10	28444.03
8	FamApp by Trio	50.10	630.89	0.00	0.00	0.00	0.00	0.00	0.00	50.10	630.89
9	Kotak Mahindra Bank Apps	43.41	6178.23	0.00	0.00	0.00	0.00	0.00	0.00	43.41	6178.23
10	WhatsApp	36.45	2938.72	0.00	0.00	0.00	0.00	0.00	0.00	36.45	2938.72
11	HDFC Bank Apps	35.40	8104.06	0.02	0.06	0.01	0.32	0.00	0.00	35.43	8104.44
12	Navi	29.72	958.09	0.00	0.00	0.00	0.00	0.00	0.00	29.72	958.09
13	BHIM	23.43	8095.99	0.00	0.00	0.00	0.00	0.00	0.00	23.43	8095.99
14	Yes Bank Apps	22.48	10939.53	0.00	0.00	0.26	32.11	0.00	0.00	22.75	10971.64
15	Airtel Payments Bank Apps	17.29	1329.67	0.00	0.00	0.00	0.48	0.00	0.05	17.29	1330.15
16	Mobikwik	11.12	2536.09	0.00	0.00	0.00	0.00	0.00	0.00	11.12	2536.09
17	Groww	10.15	7086.12	0.00	0.00	0.00	0.00	0.00	0.00	10.15	7086.12
18	Bajaj Finserv	9.55	1685.51	0.00	0.00	0.00	0.00	0.00	0.00	9.55	1685.51
19	Slice	9.05	646.12	0.00	0.00	0.00	0.00	0.00	0.00	9.05	646.12
20	State Bank of India Apps	7.12	2494.20	0.00	0.00	0.00	0.00	0.00	0.00	7.12	2494.20
21	IDFC Bank Apps	6.99	1690.27	0.00	0.00	0.00	0.00	0.00	0.00	6.99	1690.27
22	Samsung Pay	6.56	547.28	0.00	0.00	0.00	0.00	0.00	0.00	6.56	547.28
23	Jupiter	6.07	769.10	0.00	0.00	0.00	0.00	0.00	0.00	6.07	769.10
24	Federal Bank Apps	5.95	811.83	0.00	0.00	0.00	0.00	0.00	0.00	5.95	811.83
25	India Post Payments Bank Apps	5.67	703.81	0.00	0.00	0.00	0.00	0.00	0.00	5.67	703.81
26	Flipkart	4.44	251.85	0.00	0.00	0.00	0.00	0.00	0.00	4.44	251.85
27	Canara Bank Apps	3.06	828.58	0.00	0.00	0.00	0.00	0.00	0.00	3.06	828.58
28	Deutsche Bank Apps	2.34	369.39	0.00	0.00	0.00	0.03	0.00	0.00	2.34	369.42
29	RBL Bank Apps	2.20	900.13	0.00	0.00	0.05	31.21	0.00	0.00	2.24	931.34
30	Jio Payments Bank Apps	2.02	170.98	0.00	0.00	0.00	0.00	0.00	0.00	2.02	170.98
31	Punjab National Bank Apps	1.74	444.50	0.00	0.00	0.00	0.00	0.00	0.00	1.74	444.50
32	Timepay	1.61	17.59	0.00	0.00	0.00	0.10	0.00	0.00	1.61	17.69
33	Indian Bank Apps	1.54	319.53	0.00	0.00	0.00	10.05	0.00	0.00	1.55	329.58
34	OmniCard	1.24	45.65	0.00	0.00	0.00	0.00	0.00	0.00	1.24	45.65
35	Union Bank Apps	1.19	505.23	0.00	0.00	0.00	0.00	0.00	0.00	1.19	505.24
36	Bank of Baroda Apps	1.02	456.55	0.00	0.00	0.00	7.31	0.00	0.00	1.02	463.85
37	Central Bank of India Apps	0.95	213.29	0.00	0.00	0.00	0.00	0.00	0.00	0.95	213.29
38	AU Small Finance Bank Apps	0.82	249.60	0.00	0.00	0.00	0.00	0.00	0.00	0.82	249.60
39	DBS Digibank Apps	0.48	192.60	0.00	0.00	0.00	0.49	0.00	0.00	0.48	193.09
40	South Indian Bank Apps	0.47	141.47	0.00	0.00	0.00	0.00	0.00	0.00	0.47	141.47
41	Jammu and Kashmir Bank Apps	0.43	64.02	0.00	0.00	0.00	0.00	0.00	0.00	0.43	64.02
42	Fino Payments bank Apps	0.38	53.86	0.00	0.00	0.00	0.00	0.00	0.00	0.38	53.86
43	HSBC Bank Apps	0.37	144.05	0.00	0.05	0.00	0.00	0.00	0.00	0.37	144.11
44	IndusInd Bank Apps	0.35	73.84	0.00	0.00	0.00	0.58	0.00	0.00	0.36	74.41
45	Shriram One	0.29	36.28	0.00	0.00	0.00	0.00	0.00	0.00	0.29	36.28
46	Bank of India Apps	0.21	81.09	0.00	0.00	0.00	0.00	0.00	0.00	0.21	81.09
47	UCO Bank Apps	0.20	65.61	0.00	0.00	0.00	0.00	0.00	0.00	0.20	65.61
48	Kiwi	0.18	36.03	0.00	0.00	0.00	0.00	0.00	0.00	0.18	36.03
49	TataNeu	0.18	25.10	0.00	0.00	0.00	0.00	0.00	0.00	0.18	25.10
50	Standard Chartered Bank Apps	0.16	114.40	0.00	0.00	0.00	0.02	0.00	0.00	0.16	114.42
51	Digikhata	0.16	52.29	0.00	0.00	0.00	0.00	0.00	0.00	0.16	52.29
52	Karnataka Bank Apps	0.16	30.00	0.00	0.00	0.00	0.00	0.00	0.00	0.16	30.00
53	Indian Overseas Bank Apps	0.12	34.43	0.00	0.00	0.00	0.00	0.00	0.00	0.12	34.43
54	Dhani	0.11	13.12	0.00	0.00	0.00	0.00	0.00	0.00	0.11	13.12
55	Ultracash	0.09	6.19	0.00	0.00	0.00	0.00	0.00	0.00	0.09	6.19
56	Tamilnad Mercantile Bank Apps	0.08	25.66	0.00	0.00	0.00	0.00	0.00	0.00	0.08	25.66
57	Citi Bank Apps	0.08	66.69	0.00	0.00	0.00	0.05	0.00	0.00	0.08	66.74
58	City Union Bank Apps	0.08	28.77	0.00	0.00	0.00	0.00	0.00	0.00	0.08	28.77
59	NSDL Payments Bank Apps	0.07	12.71	0.00	0.00	0.00	0.00	0.00	0.00	0.07	12.71
60	IDBI Bank Apps	0.07	27.32	0.00	0.00	0.00	0.00	0.00	0.00	0.07	27.32
61	Aditya Birla Capital Digital	0.05	1.84	0.00	0.00	0.00	0.00	0.00	0.00	0.05	1.84
62	Karur Vysya Bank Apps	0.05	20.63	0.00	0.00	0.00	0.00	0.00	0.00	0.05	20.63
63	Bank of Maharashtra Apps	0.05	10.37	0.00	0.00	0.00	0.12	0.00	0.00	0.05	10.49
64	Niyo Global	0.04	22.56	0.00	0.00	0.00	0.00	0.00	0.00	0.04	22.56
65	MakeMyTrip	0.04	18.12	0.00	0.00	0.00	0.00	0.00	0.00	0.04	18.12
66	Equitas Small Finance Bank Apps	0.04	25.35	0.00	0.00	0.00	0.00	0.00	0.00	0.04	25.35
67	Punjab Sind Bank Apps	0.03	12.97	0.00	0.00	0.00	0.00	0.00	0.00	0.03	12.97
68	Other Apps	1.15	145.19	0.00	0.00	0.14	3.74	0.00	0.00	1.29	148.93

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
TPAP Volume Market Share statistics excludes the cross-border transactions.

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’24	14,035.84	20,44,937.05	5,231.01	14,88,235.39	8,804.83	5,56,701.66

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 (May'24)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	5,297.04	92.93%	6.98%	0.09%
2	AXIS BANK LTD	4,029.90	94.30%	5.60%	0.10%
3	ICICI BANK	2,756.94	93.97%	5.93%	0.10%
4	STATE BANK OF INDIA	1,360.48	95.85%	4.09%	0.06%
5	HDFC BANK LTD	1,280.26	95.39%	4.53%	0.08%
6	TRI O TECH SOLUTIONS PRIVATE LIMITED	50.10	100.00%	0.00%	0.00%
7	KOTAK MAHINDRA BANK	43.65	100.00%	0.00%	0.00%
8	BHIM	27.76	93.44%	6.42%	0.14%
9	AIRTEL PAYMENTS BANK	17.95	96.34%	3.62%	0.04%
10	RBL BANK	7.99	95.79%	4.13%	0.08%
11	IDBI BANK LTD	7.49	99.21%	0.78%	0.01%
12	FEDERAL BANK	6.09	97.89%	2.09%	0.02%
13	INDIA POST PAYMENT BANK	5.68	99.97%	0.03%	0.00%
14	GARAGEPRENEURS INTERNET PRIVATE LIMITED	4.86	100.00%	0.00%	0.00%
15	CANARA BANK	3.49	95.50%	4.13%	0.37%

UPI Payee PSP Performance (May'24)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	8,057.45	93.67%	6.24%	0.09%
2	AXIS BANK LTD	2,436.30	94.55%	5.35%	0.10%
3	ICICI BANK	1,521.86	93.86%	6.05%	0.09%
4	STATE BANK OF INDIA	867.88	94.46%	5.46%	0.08%
5	HDFC BANK LTD	754.96	95.00%	4.93%	0.08%
6	FEDERAL BANK	322.26	96.99%	2.94%	0.08%
7	AIRTEL PAYMENTS BANK	72.58	94.87%	5.05%	0.08%
8	COSMOS BANK	71.19	90.83%	9.03%	0.14%
9	INDUSIND BANK	68.86	94.65%	5.27%	0.08%
10	RBL BANK	58.44	93.59%	6.22%	0.20%
11	KOTAK MAHINDRA BANK	44.14	95.29%	4.61%	0.11%
12	CANARA BANK	43.17	96.54%	3.39%	0.07%
13	INDIAN BANK	40.65	91.95%	7.90%	0.15%
14	ONE MOBIKWIK SYSTEMS LIMITED	32.82	96.55%	3.36%	0.08%
15	FINO PAYMENTS BANK LIMITED	26.47	91.26%	8.62%	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.

UPI Merchant Category Classification - May 24

UPI Merchant Category-wise Classification - May'24
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	5814	Fast food restaurants
	5812	Eating places and restaurants
	4814	Telecommunication services, including local and long distance calls, credit card cal
	5541	Service stations (with or without ancillary services)
	5816	Digital Goods: Games
	5462	Bakeries
	5912	Drug stores and pharmacies
	5311	Department stores
	4900	Utilities electric, gas, water and sanitary
Medium Transacting Categories	5451	Dairies
	7322	Debt collection agencies
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges
	5441	Candy, nut and confectionery shops
	5422	Freezer and locker meat provisioners
	7622	Electronics repair shops
	4812	Telecommunication equipment and telephone sales
	5921	Package shops beer, wine and liquor
	4899	Cable and other pay television services
	5993	Cigar shops and stands
All Other Categories	5262	Online Marketplaces
	5732	Electronics shops
	5137	Mens, womens and childrens uniforms and commercial clothing
	6211	Securities brokers and dealers
	7230	Beauty and barber shops
	9399	Government services not elsewhere classified
	4112	Passenger railways
	5331	Variety stores
	6012	Financial institutions merchandise and services
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Apr'24)

UPI Remitter Banks - Top 50 Banks (Apr'24)
Sr. No.	UPI Remitter Banks (Apr-2024)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	3581.27	94.10%	5.01%	0.89%	19.18	93.66%
2	HDFC BANK LTD	1157.04	95.82%	4.08%	0.09%	4.42	98.73%
3	Bank of Baroda	898.17	90.39%	8.02%	1.59%	8.48	81.39%
4	Union Bank of India	837.24	93.13%	5.28%	1.59%	7.04	45.38%
5	Punjab National Bank	741.90	92.96%	5.93%	1.11%	4.1	83.01%
6	Kotak Mahindra Bank	725.32	91.77%	6.45%	1.78%	7.04	44.42%
7	Canara Bank	642.10	93.39%	5.95%	0.66%	4.15	72.05%
8	Axis Bank Ltd.	609.02	95.74%	4.23%	0.03%	2.1	96.79%
9	ICICI Bank	599.22	96.37%	3.55%	0.08%	2.19	91.25%
10	Bank of India	439.70	93.67%	5.02%	1.31%	2.61	70.73%
11	Indian Bank	407.28	93.97%	5.88%	0.15%	1.67	93.94%
12	Airtel Payments Bank	395.64	90.62%	8.66%	0.72%	2.03	95.18%
13	India Post Payment Bank	270.23	82.88%	15.95%	1.16%	1.90	54.96%
14	Federal Bank	206.55	94.70%	5.26%	0.04%	0.71	99.58%
15	Central Bank Of India	200.60	85.38%	10.79%	3.83%	3.30	45.28%
16	Indian Overseas Bank	187.73	93.24%	5.02%	1.74%	1.25	89.65%
17	UCO Bank	171.92	93.70%	6.14%	0.16%	1.10	80.12%
18	Bank of Maharashtra	151.41	93.14%	5.47%	1.39%	0.97	71.96%
19	IDBI Bank Limited	151.25	94.24%	5.24%	0.51%	1.38	46.04%
20	INDUSIND BANK	150.57	92.05%	7.07%	0.89%	1.03	93.86%
21	Fino Payments Bank Limited	134.12	90.89%	8.59%	0.51%	0.78	75.50%
22	Yes Bank Ltd	106.01	92.93%	6.53%	0.53%	0.41	76.06%
23	Karnataka Bank	105.44	92.61%	6.33%	1.05%	0.62	74.86%
24	IDFC FIRST Bank	83.34	92.89%	6.98%	0.13%	0.00	0.00%
25	Karur Vysya Bank	65.73	93.97%	5.82%	0.22%	0.29	83.65%
26	Jammu and Kashmir Bank	58.65	94.07%	4.77%	1.16%	0.50	40.95%
27	Bandhan Bank	55.96	92.46%	5.73%	1.81%	0.32	96.90%
28	South Indian Bank	52.51	95.40%	4.47%	0.12%	0.16	94.38%
29	Tri O Tech Solutions Private Limited	46.64	100.00%	0.00%	0.00%	0.00	0.00%
30	AU small Finance Bank	45.86	92.76%	6.19%	1.05%	0.30	83.29%
31	Ujjivan Small Finance Bank	42.92	94.15%	5.62%	0.24%	0.20	96.40%
32	City Union Bank	39.67	92.80%	6.91%	0.29%	0.14	95.58%
33	Tamilnad Mercantile Bank	36.11	91.84%	7.57%	0.59%	0.13	87.60%
34	Punjab and Sind Bank	34.51	82.94%	8.05%	9.01%	1.29	23.91%
35	Equitas Bank	32.32	92.77%	7.15%	0.07%	0.15	96.09%
36	Andhra Pradesh Grameena Vikas Bank	29.08	85.16%	13.06%	1.78%	0.19	77.26%
37	Kerala Gramin Bank	27.50	92.37%	6.21%	1.42%	0.20	59.83%
38	Pragathi Krishna Gramin Bank	26.83	88.21%	8.07%	3.72%	0.47	43.83%
39	DBS Bank India Limited	26.42	94.37%	5.46%	0.17%	0.11	80.06%
40	Maharashtra Gramin Bank	25.64	85.76%	11.70%	2.54%	0.14	60.83%
41	Rajasthan Marudhara Gramin Bank	24.19	86.99%	12.02%	0.99%	0.12	80.01%
42	Standard Chartered	24.01	96.49%	2.85%	0.66%	0.09	82.30%
43	Saraswat Bank	23.34	94.90%	4.48%	0.62%	0.11	75.37%
44	Baroda UP Gramin Bank	22.48	75.41%	9.17%	15.41%	0.78	18.33%
45	Fincare Small Finance Bank Ltd	21.68	84.95%	14.46%	0.59%	0.13	90.47%
46	ESAF Small Finance Bank Ltd.	21.48	94.68%	4.92%	0.40%	0.10	92.16%
47	Citi Bank	19.73	96.53%	3.11%	0.36%	0.08	98.72%
48	Sarva Haryana Gramin Bank	18.34	91.76%	7.50%	0.74%	0.12	67.26%
49	Andhra Pragathi Grameena Bank	18.19	79.51%	14.58%	5.92%	0.23	32.75%
50	RBL Bank Limited	15.10	89.02%	10.26%	0.72%	0.00	NA

UPI Top 50 Banks Performance (Apr'24)

UPI Beneficiary Banks - Top 50 Banks (Apr'24)
Sr.No.	UPI Beneficiary Banks (Apr-2024)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Yes Bank Ltd	5,076.40	99.97%	0.02%	0.01%	0.00%
2	State Bank Of India	1,512.29	99.01%	0.11%	0.89%	0.18%
3	Axis Bank Ltd.	1,248.35	99.92%	0.08%	0.00%	0.04%
4	HDFC BANK LTD	625.05	98.74%	1.19%	0.07%	0.02%
5	ICICI Bank	606.73	99.58%	0.40%	0.02%	0.02%
6	Bank of Baroda	376.04	98.51%	1.01%	0.49%	0.31%
7	Federal Bank	373.70	99.74%	0.23%	0.03%	0.00%
8	Union Bank of India	346.48	97.99%	0.13%	1.88%	0.44%
9	Punjab National Bank	311.53	98.62%	0.39%	0.99%	0.20%
10	Canara Bank	297.27	98.17%	1.24%	0.59%	0.21%
11	Kotak Mahindra Bank	283.22	97.82%	1.13%	1.05%	0.33%
12	Airtel Payments Bank	253.57	99.19%	0.23%	0.58%	0.12%
13	Indian Bank	220.90	98.97%	0.91%	0.11%	0.13%
14	Bank of India	197.52	98.76%	0.40%	0.84%	0.16%
15	INDUSIND BANK	124.15	98.54%	0.83%	0.64%	0.10%
16	India Post Payment Bank	111.72	98.04%	1.30%	0.65%	0.31%
17	Central Bank Of India	92.14	97.91%	0.36%	1.73%	0.52%
18	Indian Overseas Bank	87.08	98.24%	0.45%	1.31%	0.35%
19	UCO Bank	84.09	98.49%	0.70%	0.81%	0.09%
20	Fino Payments Bank Limited	65.46	96.15%	3.18%	0.66%	0.07%
21	IDBI Bank Limited	65.04	98.63%	0.44%	0.93%	0.51%
22	Bank of Maharashtra	60.58	98.65%	0.19%	1.16%	0.20%
23	RBL Bank Limited	52.02	97.84%	2.01%	0.15%	0.07%
24	Karnataka Bank	46.09	97.89%	1.23%	0.88%	0.09%
25	IDFC FIRST Bank	35.26	98.60%	1.28%	0.11%	0.04%
26	Karur Vysya Bank	34.16	98.29%	1.19%	0.52%	0.08%
27	Bandhan Bank	33.71	97.87%	0.28%	1.85%	0.07%
28	South Indian Bank	32.20	98.40%	1.49%	0.11%	0.02%
29	AU small Finance Bank	28.54	96.21%	3.06%	0.73%	0.13%
30	Jammu and Kashmir Bank	27.28	99.07%	0.66%	0.28%	0.28%
31	Tamilnad Mercantile Bank	23.83	99.39%	0.10%	0.51%	0.03%
32	Tri O Tech Solutions Private Limited	23.07	95.36%	4.50%	0.15%	0.02%
33	Ujjivan Small Finance Bank	21.39	98.93%	0.92%	0.15%	0.11%
34	City Union Bank	20.60	97.95%	1.82%	0.24%	0.02%
35	Kerala Gramin Bank	14.82	98.92%	0.30%	0.77%	0.54%
36	Punjab and Sind Bank	14.56	92.73%	0.79%	6.48%	2.90%
37	Equitas Small Finance Bank	14.05	98.23%	1.50%	0.27%	0.02%
38	Andhra Pradesh Grameena Vikas Bank	13.65	98.85%	0.56%	0.59%	0.08%
39	Pragathi Krishna Gramin Bank	13.14	97.54%	0.40%	2.07%	1.21%
40	Jio Payments Bank	13.01	98.77%	0.37%	0.86%	0.47%
41	Maharashtra Gramin Bank	11.84	97.53%	0.33%	2.14%	0.29%
42	DBS Bank India Limited	11.43	97.26%	1.79%	0.95%	0.08%
43	Rajasthan Marudhara Gramin Bank	11.34	99.43%	0.38%	0.19%	0.04%
44	Baroda UP Gramin Bank	11.01	88.10%	0.65%	11.26%	2.49%
45	Fincare Small Finance Bank Ltd	10.50	96.19%	3.29%	0.53%	0.05%
46	ESAF Small Finance Bank Ltd.	10.43	99.68%	0.13%	0.19%	0.11%
47	Citi Bank	9.88	99.81%	0.00%	0.19%	0.24%
48	Andhra Pragathi Grameena Bank	9.29	95.43%	1.17%	3.40%	0.12%
49	Sarva Haryana Gramin Bank	7.88	99.00%	0.38%	0.62%	0.16%
50	Saraswat Bank	7.64	96.99%	2.39%	0.62%	0.14%

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'24)

UPI Apps (Apr'24)
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	PhonePe	6,500.14	10,01,679.63	0.00	0.00	0.00	0.00	0.00	0.00	6,500.14	10,01,679.63
2	Google Pay	5,027.32	6,94,189.68	0.00	0.00	0.00	0.00	0.00	0.00	5,027.32	6,94,189.68
3	Paytm	1,117.13	1,22,554.24	0.00	0.01	0.00	0.00	0.00	0.00	1,117.13	1,22,554.25
4	Cred	138.46	43,233.21	0.00	0.00	0.00	0.00	0.00	0.00	138.46	43,233.21
5	Axis Bank Apps	13.53	3,313.28	56.27	3,168.22	0.01	1.74	0.00	0.00	69.80	6,483.24
6	Amazon Pay	64.33	6,784.82	0.00	0.00	0.00	0.00	0.00	0.00	64.33	6,784.82
7	ICICI Bank Apps	35.39	14,357.18	3.57	336.49	8.45	11,945.21	0.00	0.00	47.41	26,638.88
8	Fampay	46.64	588.00	0.00	0.00	0.00	0.00	0.00	0.00	46.64	588.00
9	Kotak Mahindra Bank Apps	41.54	6,101.88	0.00	0.00	0.00	0.00	0.00	0.00	41.54	6,101.88
10	HDFC Bank Apps	35.99	7,689.44	0.00	0.00	0.01	0.32	0.00	0.00	35.99	7,689.76
11	WhatsApp	34.12	2,815.68	0.00	0.00	0.00	0.00	0.00	0.00	34.12	2,815.68
12	BHIM	25.48	8,670.52	0.00	0.00	0.00	0.00	0.00	0.00	25.48	8,670.52
13	Yes Bank Apps	21.99	11,978.36	0.00	0.00	0.27	31.04	0.00	0.00	22.26	12,009.40
14	Airtel Payments Bank Apps	16.19	1,243.65	0.00	0.00	0.00	0.40	0.00	0.09	16.19	1,244.14
15	Navi	15.10	402.92	0.00	0.00	0.00	0.00	0.00	0.00	15.10	402.92
16	Bajaj Finserv	10.29	1,819.55	0.00	0.00	0.00	0.00	0.00	0.00	10.29	1,819.55
17	Mobikwik	9.76	2,248.19	0.00	0.00	0.00	0.00	0.00	0.00	9.76	2,248.19
18	Groww	8.02	5,452.72	0.00	0.00	0.00	0.00	0.00	0.00	8.02	5,452.72
19	Slice	7.51	608.62	0.00	0.00	0.00	0.00	0.00	0.00	7.51	608.62
20	State Bank of India Apps	6.49	2,385.64	0.00	0.00	0.04	1.14	0.00	0.00	6.53	2,386.79
21	IDFC Bank Apps	6.45	1,581.78	0.00	0.00	0.00	0.00	0.00	0.00	6.45	1,581.78
22	Samsung Pay	6.30	527.40	0.00	0.00	0.00	0.00	0.00	0.00	6.30	527.40
23	Federal Bank Apps	6.14	821.80	0.00	0.00	0.00	0.00	0.00	0.00	6.14	821.80
24	Jupiter	5.92	710.69	0.00	0.00	0.00	0.00	0.00	0.00	5.92	710.69
25	India Post Payments Bank Apps	5.08	687.52	0.00	0.00	0.00	0.00	0.00	0.00	5.08	687.52
26	Flipkart UPI	3.46	174.73	0.00	0.00	0.00	0.00	0.00	0.00	3.46	174.73
27	Deutsche Bank Apps	3.28	441.56	0.00	0.00	0.00	0.02	0.00	0.00	3.28	441.58
28	Canara Bank Apps	3.03	812.15	0.00	0.00	0.00	0.00	0.00	0.00	3.03	812.15
29	Timepay	2.15	24.14	0.00	0.00	0.00	0.10	0.00	0.00	2.16	24.25
30	Jio Payments Bank Apps	1.87	164.17	0.00	0.00	0.00	0.00	0.00	0.00	1.87	164.17
31	Punjab National Bank Apps	1.66	419.99	0.00	0.00	0.00	0.00	0.00	0.00	1.66	419.99
32	RBL Bank Apps	1.46	529.18	0.00	0.01	0.11	117.10	0.00	0.00	1.57	646.29
33	Indian Bank Apps	1.50	310.69	0.00	0.00	0.00	6.71	0.00	0.00	1.50	317.40
34	Union Bank Apps	1.25	525.02	0.00	0.00	0.00	0.00	0.00	0.00	1.25	525.02
35	Omnicard	1.06	37.27	0.00	0.00	0.00	0.00	0.00	0.00	1.06	37.27
36	Bank of Baroda Apps	0.99	459.50	0.00	0.00	0.00	8.27	0.00	0.00	0.99	467.77
37	Central Bank of India Apps	0.89	204.45	0.00	0.00	0.00	0.00	0.00	0.00	0.89	204.45
38	AU Small Finance Bank Apps	0.80	257.99	0.00	0.00	0.00	0.00	0.00	0.00	0.80	257.99
39	Go Kiwi	0.58	92.87	0.00	0.00	0.00	0.00	0.00	0.00	0.58	92.87
40	DBS Digibank Apps	0.46	182.52	0.00	0.00	0.00	0.38	0.00	0.00	0.47	182.89
41	South Indian Bank Apps	0.43	129.71	0.00	0.00	0.00	0.00	0.00	0.00	0.43	129.71
42	Shriram One	0.40	37.49	0.00	0.00	0.00	0.00	0.00	0.00	0.40	37.49
43	Fino Payments bank Apps	0.35	49.47	0.00	0.00	0.00	0.00	0.00	0.00	0.35	49.47
44	IndusInd Bank Apps	1.06	191.64	0	0	0	0.26	0	0	1.06	191.90
45	HSBC Bank Apps	0.32	126.55	0.00	0.05	0.00	0.00	0.00	0.00	0.32	126.59
46	TataNeu	0.32	34.06	0.00	0.00	0.00	0.00	0.00	0.00	0.32	34.06
47	Bank of India Apps	0.21	87.25	0.00	0.00	0.00	0.00	0.00	0.00	0.21	87.25
48	Standard Chartered Bank Apps	0.16	105.48	0.00	0.00	0.00	0.03	0.00	0.00	0.16	105.51
49	UCO Bank Apps	0.16	54.30	0.00	0.00	0.00	0.00	0.00	0.00	0.16	54.30
50	Digikhata	0.15	51.08	0.00	0.00	0.00	0.00	0.00	0.00	0.15	51.08
51	Karnataka Bank Apps	0.15	27.18	0.00	0.00	0.00	0.00	0.00	0.00	0.15	27.18
52	Jupiter Edge	0.14	22.88	0.00	0.00	0.00	0.00	0.00	0.00	0.14	22.88
53	Dhani	0.13	7.44	0.00	0.00	0.00	0.00	0.00	0.00	0.13	7.44
54	Indian Overseas Bank Apps	0.11	30.10	0.00	0.00	0.00	0.00	0.00	0.00	0.11	30.10
55	Ultracash	0.09	6.16	0.00	0.00	0.00	0.00	0.00	0.00	0.09	6.16
56	Tamilnad Mercantile Bank Apps	0.09	24.69	0.00	0.00	0.00	0.00	0.00	0.00	0.09	24.69
57	City Union Bank Apps	0.08	26.60	0.00	0.00	0.00	0.00	0.00	0.00	0.08	26.60
58	NSDL Payments Bank Apps	0.08	11.88	0.00	0.00	0.00	0.00	0.00	0.00	0.08	11.88
59	Citi Bank Apps	0.06	69.18	0.00	0.00	0.00	0.01	0.00	0.00	0.06	69.19
60	IDBI Bank Apps	0.06	20.15	0.00	0.00	0.00	0.00	0.00	0.00	0.06	20.15
61	Bank of Maharashtra Apps	0.06	13.96	0.00	0.00	0.00	0.10	0.00	0.00	0.06	14.06
62	Karur Vysya Bank Apps	0.05	18.94	0.00	0.00	0.00	0.00	0.00	0.00	0.05	18.94
63	MakeMyTrip	0.04	19.32	0.00	0.00	0.00	0.00	0.00	0.00	0.04	19.32
64	Go Niyo	0.04	16.77	0.00	0.00	0.00	0.00	0.00	0.00	0.04	16.77
65	Equitas Small Finance Bank Apps	0.03	25.52	0.00	0.00	0.00	0.00	0.00	0.00	0.03	25.52
66	Punjab Sind Bank Apps	0.03	12.15	0.00	0.00	0.00	0.00	0.00	0.00	0.03	12.15
67	Allahabad Bank Apps	0.02	6.18	0.00	0.00	0.00	0.00	0.00	0.00	0.02	6.18
68	Fave	0.02	1.16	0.00	0.00	0.00	0.00	0.00	0.00	0.02	1.16
69	Cheq	0.01	1.13	0.00	0.00	0.00	0.00	0.00	0.00	0.01	1.13
70	Other Apps	1.03	108.18	0.00	0.00	0.15	4.42	0.00	0.00	1.18	112.60

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
TPAP Volume Market Share statistics excludes the cross-border transactions.

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’24	13,303.99	19,64,464.52	4,996.52	14,33,520.79	8,307.47	5,30,943.73

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'24)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	5118.50	92.73%	7.10%	0.17%
2	AXIS BANK LTD.	3794.19	94.05%	5.75%	0.19%
3	ICICI BANK	2627.42	93.80%	6.01%	0.19%
4	STATE BANK OF INDIA	1231.71	95.71%	4.18%	0.11%
5	HDFC BANK LTD	1215.36	95.24%	4.63%	0.12%
6	TRI O TECH SOLUTIONS PRIVATE LIMITED	46.64	100.00%	0.00%	0.00%
7	KOTAK MAHINDRA BANK	41.81	100.00%	0.00%	0.00%
8	BHIM	27.42	92.90%	6.85%	0.26%
9	AIRTEL PAYMENTS BANK	16.92	95.70%	4.22%	0.07%
10	IDBI BANK LIMITED	6.85	99.12%	0.87%	0.01%
11	FEDERAL BANK	6.28	97.90%	2.08%	0.03%
12	RBL Bank	6.28	95.22%	4.61%	0.17%
13	INDIA POST PAYMENT BANK	5.09	99.98%	0.02%	0.00%
14	GARAGEPRENEURS INTERNET PRIVATE LIMITED	3.88	100.00%	0.00%	0.00%
15	CANARA BANK	3.36	95.42%	4.23%	0.35%

UPI Payee PSP Performance (Apr'24)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	7639.57	93.55%	6.28%	0.16%
2	AXIS BANK LTD.	2174.25	94.11%	5.71%	0.19%
3	ICICI BANK	1461.34	93.53%	6.29%	0.18%
4	STATE BANK OF INDIA	787.30	94.19%	5.68%	0.13%
5	HDFC BANK LTD	726.18	94.85%	4.99%	0.16%
6	FEDERAL BANK	306.19	96.74%	3.10%	0.16%
7	AIRTEL PAYMENTS BANK	70.51	94.75%	5.11%	0.14%
8	INDUSIND BANK	65.36	94.53%	5.31%	0.17%
9	COSMOS BANK	61.64	90.73%	9.08%	0.19%
10	RBL BANK	61.54	93.30%	6.45%	0.25%
11	KOTAK MAHINDRA BANK	44.53	94.67%	5.13%	0.19%
12	CANARA BANK	41.68	96.45%	3.41%	0.14%
13	INDIAN BANK	37.22	92.12%	7.66%	0.22%
14	ONE MOBIKWIK SYSTEMS LIMITED	26.80	96.47%	3.39%	0.14%
15	TRI O TECH SOLUTIONS PRIVATE LIMITED	23.65	92.74%	7.05%	0.21%

Glossary

Business Decline (BD) - Transaction decline due to a customer entering an invalid pin, incorrect beneficiary account etc. Or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as business Decline.
Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side.
PSP - Payment Service Provider
Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary.
Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

UPI Merchant Category Classification - Apr 24

UPI Merchant Category-wise Classification - Apr'24
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	5814	Fast food restaurants
	5812	Eating places and restaurants
	4814	Telecommunication services, including local and long distance calls, credit ca
	5816	Digital Goods: Games
	5541	Service stations (with or without ancillary services)
	5912	Drug stores and pharmacies
	5462	Bakeries
	5311	Department stores
	5451	Dairies
Medium Transacting Categories	4900	Utilities electric, gas, water and sanitary
	7322	Debt collection agencies
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lou
	5441	Candy, nut and confectionery shops
	7622	Electronics repair shops
	5137	Mens, womens and childrens uniforms and commercial clothing
	5993	Cigar shops and stands
	5921	Package shops beer, wine and liquor
	5422	Freezer and locker meat provisioners
	5732	Electronics shops
All Other Categories	7230	Beauty and barber shops
	6211	Securities brokers and dealers
	9399	Government services not elsewhere classified
	5262	Online Marketplaces
	4112	Passenger railways
	5691	Mens and womens clothing shops
	6012	Financial institutions merchandise and services
	5331	Variety stores
	5651	Family clothing 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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Mar'24)

UPI Remitter Banks - Top 50 Banks (Mar'24)
Sr. No.	UPI Remitter Banks (Mar-2024)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	3557.54	94.99%	4.70%	0.32%	16.59	95.04%
2	HDFC BANK LTD	1158.51	96.13%	3.86%	0.01%	4.26	99.60%
3	Bank of Baroda	882.82	93.30%	6.25%	0.45%	4.40	96.49%
4	Union Bank of India	848.59	93.47%	5.14%	1.40%	6.51	53.92%
5	Punjab National Bank	728.08	94.22%	5.54%	0.23%	3.49	99.11%
6	Kotak Mahindra Bank	703.56	93.66%	6.20%	0.14%	3.28	90.24%
7	Canara Bank	642.81	93.72%	5.91%	0.37%	3.68	81.79%
8	Axis Bank Ltd.	630.13	96.07%	3.93%	0.01%	2.14	97.72%
9	ICICI Bank	603.62	96.40%	3.52%	0.09%	2.07	95.68%
10	Bank of India	434.19	94.63%	5.03%	0.34%	2.23	84.44%
11	Indian Bank	400.98	94.39%	5.40%	0.21%	2.44	75.20%
12	Airtel Payments Bank	387.91	91.25%	8.63%	0.12%	2.14	95.89%
13	India Post Payment Bank	312.23	80.17%	13.85%	5.98%	3.15	46.99%
14	Federal Bank	204.83	94.79%	5.01%	0.20%	0.76	98.04%
15	Central Bank Of India	200.37	85.98%	10.69%	3.33%	2.61	51.15%
16	Indian Overseas Bank	188.01	92.66%	4.92%	2.42%	1.21	91.57%
17	UCO Bank	171.87	93.19%	5.90%	0.91%	1.34	57.58%
18	Bank of Maharashtra	153.39	89.77%	5.41%	4.83%	1.43	59.23%
19	IDBI Bank Limited	151.70	93.27%	5.26%	1.47%	0.99	70.17%
20	INDUSIND BANK	142.64	92.76%	6.76%	0.47%	0.91	92.70%
21	Fino Payments Bank Limited	136.77	88.98%	9.53%	1.48%	0.92	70.73%
22	Karnataka Bank	106.23	92.83%	6.07%	1.10%	0.61	71.09%
23	Yes Bank Ltd	103.43	94.43%	5.40%	0.17%	0.35	95.02%
24	Paytm Payments Bank	98.18	89.73%	10.25%	0.03%	0.35	96.43%
25	IDFC FIRST Bank	83.30	92.99%	6.72%	0.28%	0.39	82.51%
26	Karur Vysya Bank	67.68	91.62%	5.87%	2.51%	0.45	79.24%
27	Bandhan Bank	54.03	93.13%	5.90%	0.97%	0.30	98.34%
28	South Indian Bank	53.06	95.66%	4.30%	0.04%	0.15	96.38%
29	Jammu and Kashmir Bank	52.39	94.19%	5.01%	0.80%	0.40	58.67%
30	AU small Finance Bank	45.20	93.76%	5.01%	1.23%	0.35	91.10%
31	Tri O Tech Solutions Private Limited	43.69	100.00%	0.00%	0.00%	0.00	0.00%
32	Ujjivan Small Finance Bank	42.64	94.16%	5.62%	0.22%	0.21	95.46%
33	City Union Bank	40.70	92.12%	7.57%	0.31%	0.14	99.51%
34	Punjab and Sind Bank	36.91	88.97%	6.85%	4.18%	0.65	41.18%
35	Tamilnad Mercantile Bank	36.68	91.40%	6.86%	1.75%	0.23	52.03%
36	Equitas Bank	32.26	92.46%	7.26%	0.28%	0.17	96.21%
37	Andhra Pradesh Grameena Vikas Bank	28.83	84.18%	12.67%	3.15%	0.30	56.53%
38	Kerala Gramin Bank	27.13	92.84%	6.20%	0.96%	0.15	52.05%
39	DBS Bank India Limited	26.67	94.70%	5.04%	0.26%	0.11	81.96%
40	Pragathi Krishna Gramin Bank	26.20	89.82%	8.08%	2.10%	0.30	49.95%
41	Maharashtra Gramin Bank	25.45	87.57%	11.61%	0.83%	0.09	94.05%
42	Standard Chartered	25.13	97.12%	2.69%	0.19%	0.09	94.80%
43	Rajasthan Marudhara Gramin Bank	24.86	83.35%	11.87%	4.78%	0.29	41.00%
44	Saraswat Bank	23.28	95.74%	3.94%	0.32%	0.10	82.32%
45	Baroda UP Gramin Bank	22.31	74.22%	10.56%	15.22%	1.02	14.65%
46	ESAF Small Finance Bank Ltd.	21.76	93.86%	5.08%	1.06%	0.13	73.09%
47	Fincare Small Finance Bank Ltd	21.32	85.10%	14.43%	0.47%	0.12	94.35%
48	Citibank	20.78	96.61%	3.06%	0.32%	0.09	98.88%
49	Sarva Haryana Gramin Bank	17.71	92.50%	7.00%	0.50%	0.11	82.22%
50	Andhra Pragathi Grameena Bank	17.33	84.52%	13.38%	2.10%	0.14	53.68%

UPI Top 50 Banks Performance (Mar'24)

UPI Beneficiary Banks - Top 50 Banks (Mar'24)
Sr.No.	UPI Beneficiary Banks (Mar-2024)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Yes Bank Ltd	2,638.46	99.93%	0.04%	0.04%	0.00%
2	Paytm Payments Bank	2,490.22	99.83%	0.16%	0.02%	0.00%
3	State Bank Of India	1,524.71	99.59%	0.13%	0.28%	0.04%
4	Axis Bank Ltd.	1,230.70	99.89%	0.11%	0.00%	0.06%
5	ICICI Bank	647.55	99.55%	0.40%	0.05%	0.04%
6	HDFC BANK LTD	643.37	98.79%	1.19%	0.02%	0.02%
7	Bank of Baroda	372.75	99.56%	0.31%	0.13%	0.18%
8	Federal Bank	370.03	99.62%	0.28%	0.11%	0.01%
9	Union Bank of India	357.49	99.01%	0.13%	0.86%	0.30%
10	Punjab National Bank	312.24	99.55%	0.34%	0.11%	0.09%
11	Canara Bank	303.29	98.06%	1.60%	0.35%	0.19%
12	Kotak Mahindra Bank	283.32	99.56%	0.38%	0.06%	0.08%
13	Airtel Payments Bank	231.80	99.54%	0.28%	0.19%	0.03%
14	Indian Bank	225.26	98.93%	0.95%	0.12%	0.14%
15	Bank of India	197.83	99.54%	0.20%	0.26%	0.09%
16	INDUSIND BANK	131.65	99.20%	0.45%	0.36%	0.12%
17	India Post Payment Bank	131.52	95.21%	0.41%	4.38%	0.34%
18	Central Bank Of India	93.29	98.14%	0.40%	1.46%	0.58%
19	Indian Overseas Bank	87.87	97.75%	0.47%	1.78%	0.57%
20	UCO Bank	84.00	98.67%	0.85%	0.48%	0.25%
21	IDBI Bank Limited	65.49	98.13%	0.74%	1.13%	0.16%
22	Fino Payments Bank Limited	63.82	96.00%	2.83%	1.17%	0.19%
23	Bank of Maharashtra	61.24	95.97%	0.19%	3.84%	0.41%
24	RBL Bank Limited	49.38	94.08%	2.96%	2.96%	0.93%
25	Karnataka Bank	46.73	97.72%	1.46%	0.82%	0.10%
26	IDFC FIRST Bank	36.02	98.06%	1.71%	0.23%	0.07%
27	Karur Vysya Bank	35.22	97.58%	1.21%	1.21%	0.21%
28	Bandhan Bank	32.36	98.60%	0.26%	1.14%	0.01%
29	South Indian Bank	32.16	98.07%	1.87%	0.06%	0.02%
30	AU small Finance Bank	30.19	96.15%	2.96%	0.89%	0.19%
31	Jammu and Kashmir Bank	25.44	98.96%	0.78%	0.26%	0.21%
32	Tamilnad Mercantile Bank	24.37	98.31%	0.10%	1.59%	0.27%
33	Tri O Tech Solutions Private Limited	22.15	95.35%	4.60%	0.06%	0.00%
34	Ujjivan Small Finance Bank	21.74	98.73%	1.12%	0.16%	0.12%
35	City Union Bank	21.21	97.61%	2.12%	0.28%	0.04%
36	Punjab and Sind Bank	16.20	95.93%	1.26%	2.81%	0.85%
37	Kerala Gramin Bank	15.07	99.27%	0.28%	0.45%	0.30%
38	Equitas Bank	14.44	97.44%	2.28%	0.28%	0.02%
39	Andhra Pradesh Grameena Vikas Bank	13.56	97.46%	0.65%	1.89%	0.30%
40	Pragathi Krishna Gramin Bank	12.98	98.57%	0.39%	1.04%	0.67%
41	DBS Bank India Limited	12.36	97.79%	1.75%	0.46%	0.15%
42	Maharashtra Gramin Bank	11.89	99.11%	0.35%	0.54%	0.09%
43	Rajasthan Marudhara Gramin Bank	11.79	96.75%	0.47%	2.77%	0.46%
44	Citibank	11.77	99.86%	0.00%	0.14%	0.17%
45	Jio Payments Bank	11.55	98.96%	0.59%	0.45%	0.08%
46	Baroda UP Gramin Bank	11.16	88.76%	0.70%	10.54%	3.51%
47	ESAF Small Finance Bank Ltd.	10.73	99.17%	0.11%	0.72%	0.21%
48	Andhra Pragathi Grameena Bank	9.12	97.42%	0.68%	1.90%	0.05%
49	Sarva Haryana Gramin Bank	7.84	99.22%	0.43%	0.34%	0.00%
50	Saraswat Bank	7.84	97.10%	2.64%	0.27%	0.11%

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'24)

UPI Apps (Mar'24)
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	PhonePe	6,502.15	10,02,387.84	0	0	0	0	0	0	6,502.15	10,02,387.84
2	Google Pay	5,061.18	6,95,196.05	0	0	0	0	0	0	5,061.18	6,95,196.05
3	Paytm	1,210.64	1,33,707.06	0	0.01	0	0	19.4	699.77	1,230.04	1,34,406.85
4	Cred	132.31	44,991.57	0	0	0	0	0	0	132.31	44,991.57
5	Axis Bank Apps	13.59	3,044.92	81	4,389.01	0.01	1.99	0	0	94.6	7,435.92
6	Amazon Pay	65.35	6772.89	0	0	0	0	0	0	65.35	6,772.89
7	ICICI Bank Apps	33.54	14,491.28	4.54	397.58	7.9	11,608.08	0	0	45.98	26,496.95
8	Fampay	43.69	528.01	0	0	0	0	0	0	43.69	528.01
9	Kotak Mahindra Bank Apps	39.14	5,763.37	0	0	0	0	0	0	39.14	5,763.37
10	HDFC Bank Apps	33.07	7,289.09	1.95	3.72	0.01	0.26	0	0	35.03	7,293.07
11	WhatsApp	31.21	2,536.99	0	0	0	0	0	0	31.21	2,536.99
12	BHIM	30.04	8,339.37	0	0	0	0	0	0	30.04	8,339.37
13	Yes Bank Apps	24.13	13,833.30	0	0	0.32	35.8	0	0	24.45	13,869.10
14	Airtel Payments Bank Apps	15.64	1,162.62	0	0	0	0.2	0.37	44.2	16.01	1,207.02
15	Bajaj Finserv	15.81	2,803.20	0	0	0	0	0	0	15.81	2,803.20
16	Mobikwik	8.27	2,190.01	0	0	0	0	0	0	8.27	2,190.01
17	India Post Payments Bank Apps	6.82	851.01	0	0	0	0	0	0	6.82	851.01
18	Groww	6.72	3,539.14	0	0	0	0	0	0	6.72	3,539.14
19	State Bank of India Apps	6.59	2,394.79	0	0	0.04	1.08	0	0	6.63	2,395.88
20	IDFC Bank Apps	6.41	1,581.28	0	0	0	0	0	0	6.41	1,581.28
21	Samsung Pay	6.24	530.8	0	0	0	0	0	0	6.24	530.8
22	Jupiter	5.57	709.07	0	0	0	0	0	0	5.57	709.07
23	Flipkart	5	197.24	0	0	0	0	0	0	5	197.24
24	Deutsche Bank Apps	3.3	453.57	0	0	0	0.02	0	0	3.3	453.59
25	Federal Bank Apps	6.11	806.45	0	0	0	0.01	0	0	6.11	806.46
26	Canara Bank Apps	3.1	798.84	0	0	0	0	0	0	3.1	798.84
27	Navi	3	94.29	0	0	0	0	0	0	3	94.29
28	Slice	5.22	538.12	0	0	0	0	0	0	5.22	538.12
29	Jio Payments Bank Apps	1.87	161.87	0	0	0	0	0	0	1.87	161.87
30	Indian Bank Apps	1.85	340.92	0	0	0.01	43.86	0	0	1.86	384.79
31	RBL Bank Apps	1.56	366.34	0	0.02	0.27	99.89	0	0	1.83	466.25
32	Punjab National Bank Apps	1.67	411.13	0	0	0	0	0	0	1.67	411.13
33	Timepay	1.37	18.5	0	0	0	0.02	0	0	1.37	18.52
34	Union Bank Apps	1.35	517.15	0	0	0	0.01	0	0	1.35	517.16
35	Omnicard	1.29	44.84	0	0	0	0	0	0	1.29	44.84
36	Bank of Baroda Apps	0.95	419.08	0	0	0	7.73	0	0	0.95	426.81
37	Central Bank of India Apps	0.86	195.46	0	0	0	0	0	0	0.86	195.46
38	AU Small Finance Bank Apps	0.78	279.91	0	0	0	0	0	0	0.78	279.91
39	Gokiwi	0.7	100.1	0	0	0	0	0	0	0.7	100.1
40	DBS Digibank Apps	0.51	202.89	0	0	0	0.29	0	0	0.51	203.18
41	Shriram One	0.48	38.71	0	0	0	0	0	0	0.48	38.71
42	South Indian Bank Apps	0.4	120.88	0	0	0	0	0	0	0.4	120.88
43	Fino Payments bank Apps	0.39	50.97	0	0	0	0	0	0	0.39	50.97
44	IndusInd Bank Apps	1.39	228.02	0	0	0	0.12	0	0	1.39	228.14
45	HSBC Bank Apps	0.31	138.16	0	0.06	0	0	0	0	0.31	138.22
46	TataNeu	0.25	25.46	0	0	0	0	0	0	0.25	25.46
47	Bank of India Apps	0.2	78.81	0	0	0	0	0	0	0.2	78.81
48	Standard Chartered Bank Apps	0.19	115.77	0	0	0	1.11	0	0	0.19	116.88
49	Dhani	0.19	5.98	0	0	0	0	0	0	0.19	5.98
50	UCO Bank Apps	0.18	56.32	0	0	0	0	0	0	0.18	56.32
51	Karnataka Bank Apps	0.16	25.58	0	0	0	0	0	0	0.16	25.58
52	Jupiter Edge	0.14	32.22	0	0	0	0	0	0	0.14	32.22
53	Digikhata	0.13	48.01	0	0	0	0	0	0	0.13	48.01
54	Indian Overseas Bank Apps	0.11	30.44	0	0	0	0	0	0	0.11	30.44
55	Tamilnad Mercantile Bank Apps	0.1	28.72	0	0	0	0	0	0	0.1	28.72
56	Ultracash	0.09	6.57	0	0	0	0	0	0	0.09	6.57
57	Citi Bank Apps	0.09	66.7	0	0	0	0.01	0	0	0.09	66.71
58	City Union Bank Apps	0.08	26.73	0	0	0	0	0	0	0.08	26.73
59	NSDL Payments Bank Apps	0.07	10.57	0	0	0	0	0	0	0.07	10.57
60	Bank of Maharashtra Apps	0.05	11.6	0	0	0	0.07	0	0	0.05	11.67
61	Karur Vysya Bank Apps	0.05	17.68	0	0	0	0	0	0	0.05	17.68
62	Equitas Small Finance Bank Apps	0.04	26.62	0	0	0	0	0	0	0.04	26.62
63	MakeMyTrip	0.03	18.75	0	0	0	0	0	0	0.03	18.75
64	Go Niyo	0.03	12.86	0	0	0	0	0	0	0.03	12.86
65	Allahabad Bank Apps	0.03	6.32	0	0	0	0	0	0	0.03	6.32
66	Other Apps	1.07	109.12	0	0	0.14	3.94	0	0	1.21	113.06

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)
Mar'24	13,440.00	19,78,353.23	5,144.03	14,60,125.24	8,295.97	5,18,227.99

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'24)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	3895.71	93.70%	6.18%	0.13%
2	AXIS BANK LTD.	3723.05	94.37%	5.48%	0.15%
3	ICICI BANK	2690.47	94.21%	5.65%	0.14%
4	PAYTM PAYMENTS BANK	1321.44	91.61%	8.26%	0.13%
5	STATE BANK OF INDIA	1255.46	95.77%	4.15%	0.08%
6	HDFC BANK LTD	1196.05	95.43%	4.45%	0.12%
7	TRI O TECH SOLUTIONS PRIVATE LIMITED	43.69	100.00%	0.00%	0.00%
8	KOTAK MAHINDRA BANK	39.38	100.00%	0.00%	0.00%
9	BHIM	32.08	93.66%	6.17%	0.17%
10	AIRTEL PAYMENTS BANK	16.43	95.22%	4.72%	0.06%
11	INDIA POST PAYMENT BANK	6.82	99.97%	0.03%	0.00%
12	IDFC First Bank	6.80	99.19%	0.81%	0.01%
13	RBL Bank	5.70	95.02%	4.84%	0.14%
14	CANARA BANK	3.43	95.23%	4.45%	0.33%
15	DEUTSCHE BANK CORP	3.28	100.00%	0.00%	0.00%

UPI Payee PSP Performance (Mar'24)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	4802.48	93.60%	6.27%	0.13%
2	PAYTM PAYMENTS BANK	2881.30	94.85%	5.03%	0.12%
3	AXIS BANK LTD.	2152.41	94.29%	5.56%	0.15%
4	ICICI BANK	1513.39	93.75%	6.11%	0.14%
5	STATE BANK OF INDIA	820.84	94.10%	5.78%	0.12%
6	HDFC BANK LTD	748.87	95.06%	4.83%	0.11%
7	FEDERAL BANK	299.60	96.81%	3.07%	0.12%
8	JUSPAY TECHNOLOGIES PVT LTD	222.05	95.89%	3.99%	0.12%
9	INDUSIND BANK	72.39	95.12%	4.75%	0.12%
10	AIRTEL PAYMENTS BANK	48.95	93.83%	6.04%	0.13%
11	RBL Bank	45.77	92.34%	7.42%	0.24%
12	COSMOS BANK	44.71	90.54%	9.29%	0.17%
13	KOTAK MAHINDRA BANK	44.60	94.79%	4.94%	0.26%
14	INDIAN BANK	40.25	92.21%	7.62%	0.17%
15	CANARA BANK	40.20	96.50%	3.40%	0.10%

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 - Mar 24

UPI Merchant Category-wise Classification - Mar'24
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	5814	Fast food restaurants
	5812	Eating places and restaurants
	4814	Telecommunication services, including local and long distance calls, credit cardcalls, calls through use of magnetic stripe reading telephones and faxes
	5541	Service stations (with or without ancillary services)
	5816	Digital Goods: Games
	5311	Department stores
	5912	Drug stores and pharmacies
	5462	Bakeries
	4900	Utilities electric, gas, water and sanitary
Medium Transacting Categories	5451	Dairies
	7322	Debt collection agencies
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	5441	Candy, nut and confectionery shops
	7622	Electronics repair shops
	5422	Freezer and locker meat provisioners
	5921	Package shops beer, wine and liquor
	5993	Cigar shops and stands
	5137	Mens, womens and childrens uniforms and commercial clothing
	5732	Electronics shops
All Other Categories	5399	Miscellaneous general merchandise
	7230	Beauty and barber shops
	6012	Financial institutions merchandise and services
	9399	Government services not elsewhere classified
	4112	Passenger railways
	6211	Securities brokers and dealers
	5331	Variety stores
	5691	Mens and womens clothing shops
	4812	Telecommunication equipment and telephone sales
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Feb'24)

UPI Remitter Banks - Top 50 Banks (Feb'24)
Sr. No.	UPI Remitter Banks (Feb-2024)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	3135.27	94.83%	4.23%	0.94%	13.94	90.58%
2	HDFC BANK LTD	1049.59	95.71%	3.60%	0.69%	5.35	75.52%
3	Bank of Baroda	786.15	93.46%	5.51%	1.03%	3.80	90.07%
4	Union Bank of India	754.01	93.80%	4.52%	1.68%	6.41	38.65%
5	Punjab National Bank	628.99	94.85%	4.90%	0.25%	2.50	97.32%
6	ICICI Bank	539.76	96.39%	3.32%	0.29%	2.21	90.34%
7	Axis Bank Ltd.	558.18	96.29%	3.66%	0.05%	1.95	83.76%
8	Kotak Mahindra Bank	609.79	93.10%	5.48%	1.42%	2.22	85.84%
9	Canara Bank	578.21	94.12%	5.42%	0.45%	3.13	84.99%
10	Paytm Payments Bank	294.20	94.39%	5.60%	0.01%	0.66	98.30%
11	Bank of India	389.19	94.55%	4.55%	0.90%	2.12	67.73%
12	Indian Bank	354.82	95.10%	4.63%	0.27%	1.34	92.06%
13	Airtel Payments Bank	344.18	91.11%	8.65%	0.24%	1.30	94.30%
14	India Post Payment Bank	271.05	83.20%	13.00%	3.81%	2.05	52.38%
15	Federal Bank	187.90	95.30%	4.44%	0.26%	0.69	94.65%
16	Central Bank Of India	179.35	82.62%	9.59%	7.80%	4.98	58.09%
17	Indian Overseas Bank	168.40	93.49%	4.67%	1.84%	1.15	90.23%
18	UCO Bank	148.69	94.51%	5.38%	0.11%	0.63	87.67%
19	IDBI Bank Limited	138.33	89.05%	4.39%	6.56%	2.30	71.66%
20	Bank of Maharashtra	135.58	91.92%	4.82%	3.26%	0.92	61.29%
21	INDUSIND BANK	129.68	93.37%	5.92%	0.71%	0.91	95.30%
22	Fino Payments Bank Limited	116.25	90.66%	8.85%	0.49%	0.60	69.94%
23	Yes Bank Ltd	93.40	94.70%	5.06%	0.24%	0.28	86.09%
24	Karnataka Bank	95.34	93.42%	5.76%	0.82%	0.41	84.09%
25	Karur Vysya Bank	60.33	94.05%	5.44%	0.50%	0.25	95.11%
26	Bandhan Bank	49.32	89.80%	6.16%	4.04%	0.56	74.85%
27	South Indian Bank	48.87	96.05%	3.93%	0.02%	0.14	95.53%
28	IDFC FIRST Bank	74.34	93.92%	5.96%	0.11%	0.28	100.00%
29	Jammu and Kashmir Bank	46.57	93.54%	5.16%	1.30%	0.46	35.63%
30	City Union Bank	36.62	93.36%	6.21%	0.43%	0.14	98.29%
31	Ujjivan Small Finance Bank	37.90	93.71%	5.66%	0.63%	0.21	67.81%
32	AU small Finance Bank	38.80	95.09%	4.54%	0.37%	0.21	95.33%
33	Tamilnad Mercantile Bank	32.68	93.01%	6.45%	0.54%	0.12	84.51%
34	Equitas Bank	28.88	93.09%	6.87%	0.04%	0.13	96.46%
35	Standard Chartered	26.59	95.99%	2.23%	1.78%	0.14	67.12%
36	Punjab and Sind Bank	31.49	90.85%	6.00%	3.16%	0.40	39.67%
37	DBS Bank India Limited	24.28	95.35%	4.37%	0.27%	0.09	77.88%
38	Andhra Pradesh Grameena Vikas Bank	26.19	83.85%	15.19%	0.96%	0.14	65.48%
39	Pragathi Krishna Gramin Bank	23.10	88.69%	7.67%	3.64%	0.38	43.13%
40	CITI Bank	18.92	95.17%	4.45%	0.37%	0.07	96.14%
41	Maharashtra Gramin Bank	22.28	86.73%	11.53%	1.75%	0.09	82.26%
42	Kerala Gramin Bank	25.18	90.99%	6.13%	2.88%	0.31	40.08%
43	Saraswat Bank	21.03	95.96%	3.78%	0.25%	0.08	83.40%
44	Tri O Tech Solutions Private Limited	37.89	100.00%	0.00%	0.00%	0.00	0.00%
45	Rajasthan Marudhara Gramin Bank	20.23	88.60%	10.75%	0.66%	0.13	70.74%
46	ESAF Small Finance Bank Ltd.	20.59	91.09%	4.91%	3.99%	0.24	71.75%
47	Baroda UP Gramin Bank	17.10	79.41%	12.40%	8.19%	0.40	44.55%
48	Sarva Haryana Gramin Bank	14.14	93.02%	6.95%	0.03%	0.06	95.68%
49	RBL Bank	15.27	81.63%	8.31%	10.06%	0.26	47.24%
50	Andhra Pragathi Grameena Bank	14.92	87.07%	11.97%	0.96%	0.07	79.19%

UPI Top 50 Banks Performance (Feb'24)

UPI Beneficiary Banks - Top 50 Banks (Feb'24)
Sr.No.	UPI Beneficiary Banks (Feb-2024)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	2543.04	99.90%	0.08%	0.02%	0.00%
2	Yes Bank Ltd	2408.99	99.95%	0.03%	0.01%	0.00%
3	State Bank Of India	1350.11	98.92%	0.14%	0.93%	0.09%
4	Axis Bank Ltd.	1029.01	99.91%	0.08%	0.01%	0.02%
5	ICICI Bank	620.78	99.21%	0.67%	0.12%	0.10%
6	HDFC BANK LTD	553.52	98.17%	1.46%	0.37%	0.14%
7	Bank of Baroda	336.67	99.14%	0.32%	0.54%	0.52%
8	Union Bank of India	322.91	98.90%	0.13%	0.97%	0.43%
9	Federal Bank	316.08	99.47%	0.32%	0.21%	0.02%
10	Punjab National Bank	278.27	99.57%	0.33%	0.11%	0.12%
11	Canara Bank	272.27	98.49%	1.23%	0.29%	0.17%
12	Kotak Mahindra Bank	242.32	98.58%	0.40%	1.01%	0.53%
13	Airtel Payments Bank	200.32	99.35%	0.33%	0.32%	0.03%
14	Indian Bank	197.87	98.92%	0.88%	0.20%	0.04%
15	Bank of India	180.38	99.11%	0.23%	0.66%	0.18%
16	INDUSIND BANK	134.71	99.25%	0.31%	0.44%	0.21%
17	India Post Payment Bank	119.59	97.46%	0.38%	2.16%	0.26%
18	Central Bank Of India	84.86	94.84%	0.45%	4.71%	1.23%
19	Indian Overseas Bank	78.84	98.46%	0.47%	1.07%	0.45%
20	UCO Bank	74.07	99.21%	0.70%	0.08%	0.04%
21	IDBI Bank Limited	60.85	93.78%	0.54%	5.67%	0.93%
22	Bank of Maharashtra	54.57	96.19%	0.21%	3.60%	0.32%
23	RBL bank	52.57	94.24%	0.42%	5.34%	0.49%
24	Fino Payments Bank Limited	48.84	98.31%	1.31%	0.38%	0.15%
25	Karnataka Bank	41.82	98.27%	1.00%	0.73%	0.04%
26	IDFC FIRST Bank	35.13	98.05%	1.85%	0.10%	0.04%
27	Karur Vysya Bank	31.92	98.60%	1.16%	0.23%	0.06%
28	South Indian Bank	29.77	97.88%	2.10%	0.02%	0.01%
29	Bandhan Bank	29.22	96.68%	0.23%	3.09%	0.23%
30	AU small Finance Bank	26.60	96.28%	3.33%	0.39%	0.10%
31	Tamilnad Mercantile Bank	21.42	99.35%	0.17%	0.48%	0.04%
32	Jammu and Kashmir Bank	20.34	99.07%	0.45%	0.48%	0.46%
33	Ujjivan Small Finance Bank	19.51	98.59%	1.02%	0.39%	0.25%
34	City Union Bank	19.30	97.55%	2.13%	0.32%	0.02%
35	Tri O Tech Solutions Private Limited	18.51	96.17%	3.80%	0.03%	0.01%
36	ONE MOBIKWIK SYSTEMS LIMITED	15.24	99.99%	0.00%	0.01%	0.00%
37	Punjab and Sind Bank	14.14	96.07%	1.14%	2.79%	0.61%
38	Kerala Gramin Bank	14.01	97.80%	0.25%	1.96%	0.97%
39	Equitas Bank	13.15	97.90%	1.85%	0.25%	0.01%
40	Andhra Pradesh Grameena Vikas Bank	12.36	98.38%	1.23%	0.40%	0.14%
41	DBS Bank India Limited	12.03	98.53%	1.21%	0.26%	0.12%
42	Pragathi Krishna Gramin Bank	11.61	97.30%	0.61%	2.09%	1.18%
43	Jio Payments Bank	11.33	99.39%	0.26%	0.36%	0.27%
44	CITI Bank	10.68	99.84%	0.00%	0.16%	0.24%
45	Maharashtra Gramin Bank	10.56	98.15%	0.32%	1.53%	0.17%
46	Rajasthan Marudhara Gramin Bank	10.31	98.04%	0.40%	1.55%	0.13%
47	ESAF Small Finance Bank Ltd.	10.16	97.11%	0.11%	2.78%	0.38%
48	Baroda UP Gramin Bank	9.18	92.84%	0.82%	6.34%	1.71%
49	Fincare Small Finance Bank Ltd	8.55	96.27%	3.29%	0.44%	0.09%
50	Andhra Pragathi Grameena Bank	8.07	98.57%	0.45%	0.98%	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 (Feb'24)

UPI Apps (Feb'24)
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	PhonePe	6140.97	9,67,467.18	0.00	0.00	0.00	0.00	0.00	0.00	6140.97	9,67,467.18
2	Google Pay	4755.40	6,71,539.96	0.00	0.00	0.00	0.00	0.00	0.00	4755.40	6,71,539.96
3	Paytm Payments Bank App	1332.57	1,51,044.10	0.17	0.09	0.58	1032.58	72.36	13,291.98	1405.69	1,65,368.76
4	Cred	118.77	40,525.56	0.00	0.00	0.00	0.00	0.00	0.00	118.77	40,525.56
5	Axis Bank Apps	12.43	2,855.72	71.59	6819.21	0.01	2.07	0.00	0.00	84.04	9,677.00
6	Amazon Pay	63.53	6,611.88	0.00	0.00	0.00	0.00	0.00	0.00	63.53	6,611.88
7	BHIM	58.84	9,486.38	0.00	0.00	0.00	0.00	0.00	0.00	58.84	9,486.38
8	HDFC Bank Apps	28.70	6,569.78	24.11	72.32	0.00	0.13	0.00	0.00	52.81	6,642.24
9	ICICI Bank Apps	30.66	10,972.99	4.49	437.57	5.99	9189.03	0.00	0.00	41.14	20,599.59
10	FAM	40.41	459.81	0.00	0.00	0.00	0.00	0.00	0.00	40.41	459.81
11	Kotak Mahindra Bank Apps	33.55	5,389.33	0.00	0.00	0.00	0.00	0.00	0.00	33.55	5,389.33
12	WhatsApp	28.48	2,301.72	0.00	0.00	0.00	0.00	0.00	0.00	28.48	2,301.72
13	Yes Bank Apps	22.67	12,060.81	0.00	0.00	0.35	37.80	0.00	0.00	23.02	12,098.61
14	Bajaj Finserv	20.06	3,045.93	0.00	0.00	0.00	0.00	0.00	0.00	20.06	3,045.93
15	Airtel Payments Bank Apps	14.98	1,086.87	0.00	0.00	0.00	0.18	0.00	0.07	14.98	1,087.11
16	State Bank of India Apps	6.59	2,476.42	0.00	0.00	0.04	1.14	0.00	0.00	6.63	2,477.56
17	Mobikwik	6.04	1,793.27	0.00	0.00	0.00	0.00	0.00	0.00	6.04	1,793.27
18	Groww	5.98	3,102.61	0.00	0.00	0.00	0.00	0.00	0.00	5.98	3,102.61
19	Samsung Pay	5.98	520.06	0.00	0.00	0.00	0.00	0.00	0.00	5.98	520.06
20	IDFC Bank Apps	5.98	1,543.55	0.00	0.00	0.00	0.00	0.00	0.00	5.98	1,543.55
21	India Post Payments Bank Apps	5.69	634.79	0.00	0.00	0.00	0.00	0.00	0.00	5.69	634.79
22	Jupiter	5.32	699.58	0.00	0.00	0.00	0.00	0.00	0.00	5.32	699.58
23	Standard Chartered Bank Apps	3.40	687.84	0.00	0.00	0.99	942.77	0.00	0.00	4.40	1,630.61
24	Federal Bank Apps	3.78	499.96	0.00	0.00	0.00	0.00	0.00	0.00	3.78	499.96
25	Deutsche Bank Apps	3.67	416.34	0.00	0.00	0.00	0.03	0.00	0.00	3.67	416.37
26	Canara Bank Apps	2.97	784.63	0.00	0.00	0.00	0.00	0.00	0.00	2.97	784.63
27	RBL Bank Apps	2.71	504.34	0.00	0.01	0.21	90.94	0.00	0.00	2.92	595.29
28	slice	2.42	427.52	0.00	0.00	0.00	0.00	0.00	0.00	2.42	427.52
29	FIFEDERAL	2.33	254.61	0.00	0.00	0.00	0.00	0.00	0.00	2.33	254.61
30	SLICE	1.82	58.02	0.00	0.00	0.00	0.00	0.00	0.00	1.82	58.02
31	Jio Payments Bank Apps	1.74	153.72	0.00	0.00	0.00	0.00	0.00	0.00	1.74	153.72
32	Indian Bank Apps	1.67	347.07	0.00	0.00	0.01	52.73	0.00	0.00	1.67	399.80
33	Navi	1.54	72.88	0.00	0.00	0.00	0.00	0.00	0.00	1.54	72.88
34	Punjab National Bank Apps	1.45	381.26	0.00	0.00	0.00	0.00	0.00	0.00	1.45	381.26
35	Union Bank Apps	1.27	505.68	0.00	0.00	0.00	0.00	0.00	0.00	1.27	505.68
36	Omnicard	1.22	40.60	0.00	0.00	0.00	0.00	0.00	0.00	1.22	40.60
37	Bank of Baroda Apps	0.78	367.55	0.00	0.00	0.00	11.05	0.00	0.00	0.78	378.60
38	AU Small Finance Bank Apps	0.78	292.20	0.00	0.00	0.00	0.00	0.00	0.00	0.78	292.20
39	Central Bank of India Apps	0.77	175.42	0.00	0.00	0.00	0.00	0.00	0.00	0.77	175.42
40	Mobikwik	0.62	82.63	0.00	0.00	0.00	0.00	0.00	0.00	0.62	82.63
41	Gokiwi	0.59	86.00	0.00	0.00	0.00	0.00	0.00	0.00	0.59	86.00
42	DBS Digibank Apps	0.59	214.68	0.00	0.00	0.00	0.15	0.00	0.00	0.59	214.83
43	BPAYWALLET	0.56	110.59	0.00	0.00	0.00	0.00	0.00	0.00	0.56	110.59
44	Timepay	0.47	4.36	0.00	0.00	0.00	0.00	0.00	0.00	0.47	4.36
45	Karnataka Bank Apps	0.43	89.84	0.00	0.00	0.00	0.00	0.00	0.00	0.43	89.84
46	South Indian Bank Apps	0.38	109.78	0.00	0.00	0.00	0.00	0.00	0.00	0.38	109.78
47	SHRIRAMHDFCBANK	0.38	32.53	0.00	0.00	0.00	0.00	0.00	0.00	0.38	32.53
48	Fino Payments bank Apps	0.32	40.30	0.00	0.00	0.00	0.00	0.00	0.00	0.32	40.30
49	INDIE - Indus Bank app	0.31	53.68	0.00	0.00	0.00	0.00	0.00	0.00	0.31	53.68
50	Bank of India Apps	0.25	95.30	0.00	0.00	0.00	0.00	0.00	0.00	0.25	95.30
51	TataNeu	0.21	18.24	0.00	0.00	0.00	0.00	0.00	0.00	0.21	18.24
52	HSBC Bank Apps	0.21	121.24	0.00	0.07	0.00	0.00	0.00	0.00	0.21	121.31
53	UCO Bank Apps	0.18	64.34	0.00	0.00	0.00	0.00	0.00	0.00	0.18	64.34
54	Tamilnad Mercantile Bank Apps	0.12	33.87	0.00	0.00	0.00	0.00	0.00	0.00	0.12	33.87
55	Indian Overseas Bank Apps	0.12	30.60	0.00	0.00	0.00	0.00	0.00	0.00	0.12	30.60
56	DIGIKHATA	0.11	37.92	0.00	0.00	0.00	0.00	0.00	0.00	0.11	37.92
57	Jupiter Edge (LivQuick PPI)	0.10	31.10	0.00	0.00	0.00	0.00	0.00	0.00	0.10	31.10
58	Ultracash	0.09	6.53	0.00	0.00	0.00	0.00	0.00	0.00	0.09	6.53
59	City Union Bank Apps	0.08	26.14	0.00	0.00	0.00	0.00	0.00	0.00	0.08	26.14
60	KOTAK811	0.08	7.42	0.00	0.00	0.00	0.00	0.00	0.00	0.08	7.42
61	Citi Bank Apps	0.07	72.92	0.00	0.00	0.00	0.01	0.00	0.00	0.07	72.92
62	IDBI Bank Apps	0.07	34.35	0.00	0.00	0.00	0.00	0.00	0.00	0.07	34.35
63	DHANI	0.05	3.58	0.00	0.00	0.00	0.00	0.00	0.00	0.05	3.58
64	NSDL Payments Bank Apps	0.05	7.04	0.00	0.00	0.00	0.00	0.00	0.00	0.05	7.04
65	Karur Vysya Bank Apps	0.05	16.19	0.00	0.00	0.00	0.00	0.00	0.00	0.05	16.19
66	Bank of Maharashtra Apps	0.04	8.15	0.00	0.00	0.00	0.00	0.00	0.00	0.04	8.15
67	Equitas Small Finance Bank Apps	0.04	25.41	0.00	0.00	0.00	0.00	0.00	0.00	0.04	25.41
68	MakeMyTrip	0.03	18.45	0.00	0.00	0.00	0.00	0.00	0.00	0.03	18.45
69	FKAXIS	0.03	0.62	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.62
70	Allahabad Bank Apps	0.03	6.65	0.00	0.00	0.00	0.00	0.00	0.00	0.03	6.65
71	Other Apps	0.13	34.78	0.00	0.00	0.00	2.04	0.00	0.00	0.13	36.82
72	CBDC Apps	0.87	64.24	0.00	0.00	0.11	2.84	0.00	0.00	0.98	67.07

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)
Feb'24	12,102.68	18,27,869.33	4,742.69	13,48,523.03	7,359.98	4,79,346.31

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'24)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	3451.77	94.46%	5.35%	0.19%
2	AXIS BANK LTD.	3208.19	94.73%	5.08%	0.19%
3	ICICI BANK	2400.25	94.67%	5.11%	0.21%
4	PAYTM PAYMENTS BANK	1346.19	93.20%	6.64%	0.17%
5	HDFC BANK LTD	1097.67	95.62%	4.24%	0.15%
6	STATE BANK OF INDIA	1082.21	95.73%	4.17%	0.10%
7	BHIM	60.32	93.11%	6.69%	0.21%
8	TRI O TECH SOLUTIONS PRIVATE LIMITED	37.89	100.00%	0.00%	0.00%
9	KOTAK MAHINDRA BANK	31.70	100.00%	0.00%	0.00%
10	AIRTEL PAYMENTS BANK	14.84	94.71%	5.18%	0.11%
11	RBL Bank	6.26	95.82%	4.04%	0.15%
12	IDFC First Bank	6.02	99.12%	0.87%	0.01%
13	INDIA POST PAYMENT BANK	5.38	99.97%	0.03%	0.00%
14	STANDARD CHARTERED	4.02	100.00%	0.00%	0.00%
15	FEDERAL BANK	3.62	98.80%	1.19%	0.01%

UPI Payee PSP Performance (Feb'24)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	4134.84	94.69%	5.13%	0.18%
2	PAYTM PAYMENTS BANK	2845.89	95.39%	4.42%	0.19%
3	AXIS BANK LTD.	1914.51	94.32%	5.50%	0.18%
4	ICICI BANK	1386.09	93.81%	6.02%	0.18%
5	STATE BANK OF INDIA	679.60	94.13%	5.72%	0.14%
6	HDFC BANK LTD	636.88	94.95%	4.89%	0.15%
7	FEDERAL BANK	248.51	96.78%	3.05%	0.17%
8	INDUSIND BANK	76.56	94.90%	4.91%	0.19%
9	RBL Bank	48.29	91.36%	8.43%	0.21%
10	COSMOS BANK	44.02	90.24%	9.53%	0.23%
11	BHIM	37.98	96.78%	3.16%	0.07%
12	AIRTEL PAYMENTS BANK	35.36	93.80%	6.03%	0.17%
13	CANARA BANK	31.60	96.56%	3.30%	0.14%
14	KOTAK MAHINDRA BANK	31.35	95.26%	4.53%	0.20%
15	INDIAN BANK	29.93	92.62%	7.16%	0.22%

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 - Feb 24

UPI Merchant Category-wise Classification - Feb'24
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	5814	Fast food restaurants
	5812	Eating places and restaurants
	4814	Telecommunication services, including local and long distance calls, credit cardcalls, calls through use of magnetic stripe reading telephones and faxes
	5541	Service stations (with or without ancillary services)
	5311	Department stores
	5816	Digital Goods: Games
	7407	P2PM CHANGES
	5912	Drug stores and pharmacies
	5462	Bakeries
Medium Transacting Categories	4900	Utilities electric, gas, water and sanitary
	5451	Dairies
	6540	Debit card to wallet credit (Wallet top up)
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	7322	Debt collection agencies
	7622	Electronics repair shops
	5441	Candy, nut and confectionery shops
	5422	Freezer and locker meat provisioners
	6211	Securities brokers and dealers
	5993	Cigar shops and stands
All Other Categories	5732	Electronics shops
	5921	Package shops beer, wine and liquor
	7230	Beauty and barber shops
	5137	Mens, womens and childrens uniforms and commercial clothing
	5399	Miscellaneous general merchandise
	9399	Government services not elsewhere classified
	6012	Financial institutions merchandise and services
	4112	Passenger railways
	4812	Telecommunication equipment and telephone sales
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Jan'24)

UPI Remitter Banks - Top 50 Banks (Jan'24)
Sr. No.	UPI Remitter Banks (Jan-2024)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	3128.97	95.62%	4.19%	0.19%	11.58	96.85%
2	HDFC BANK LTD	1040.25	96.49%	3.51%	0.00%	3.34	98.84%
3	Bank of Baroda	781.72	95.28%	4.68%	0.04%	2.71	98.54%
4	Union Bank of India	753.66	94.51%	4.34%	1.15%	7.16	46.76%
5	Punjab National Bank	618.95	94.78%	4.95%	0.27%	2.61	88.58%
6	Kotak Mahindra Bank	600.83	93.64%	5.19%	1.17%	2.08	89.49%
7	Canara Bank	572.16	94.18%	5.38%	0.44%	3.02	85.98%
8	Axis Bank Ltd.	559.49	96.11%	3.58%	0.30%	2.66	60.21%
9	ICICI Bank	547.55	96.59%	3.32%	0.08%	1.64	95.72%
10	Paytm Payments Bank	410.06	96.30%	3.70%	0.01%	0.87	98.11%
11	Bank of India	389.29	95.33%	4.59%	0.08%	1.48	91.49%
12	Indian Bank	348.89	95.15%	4.47%	0.37%	1.51	84.37%
13	Airtel Payments Bank	337.05	89.95%	8.98%	1.07%	1.93	69.90%
14	India Post Payment Bank	265.13	82.66%	12.20%	5.14%	1.67	54.81%
15	Federal Bank	185.90	95.53%	4.28%	0.19%	0.65	93.72%
16	Central Bank Of India	178.41	85.44%	9.38%	5.18%	4.29	72.15%
17	Indian Overseas Bank	165.09	94.28%	4.41%	1.31%	0.99	90.36%
18	UCO Bank	152.41	88.37%	7.47%	4.16%	2.33	40.45%
19	IDBI Bank Limited	141.57	92.73%	4.28%	2.98%	1.31	81.40%
20	Bank of Maharashtra	136.29	94.42%	4.61%	0.97%	0.61	76.33%
21	INDUSIND BANK	125.63	93.06%	5.97%	0.97%	0.68	98.66%
22	Fino Payments Bank Limited FIP	115.14	89.66%	9.41%	0.93%	0.63	67.81%
23	Karnataka Bank	97.36	91.93%	7.49%	0.59%	0.42	77.55%
24	Yes Bank Ltd	93.47	94.92%	4.98%	0.10%	0.25	93.00%
25	IDFC FIRST Bank	73.92	94.20%	5.77%	0.03%	0.03	0.00%
26	Karur Vysya Bank	59.56	94.12%	5.54%	0.34%	0.24	92.86%
27	Bandhan Bank	49.22	87.51%	6.16%	6.32%	0.85	68.20%
28	South Indian Bank	48.90	96.35%	3.55%	0.11%	0.14	95.97%
29	Jammu and Kashmir Bank	44.46	91.55%	7.21%	1.24%	0.31	70.87%
30	Ujjivan Small Finance Bank	38.33	92.75%	5.66%	1.59%	0.29	53.05%
31	AU small Finance Bank	37.48	95.19%	4.51%	0.29%	0.17	95.13%
32	Tri O Tech Solutions Private Limited	36.62	100.00%	0.00%	0.00%	NA	NA
33	City Union Bank	35.87	93.46%	6.23%	0.32%	0.13	94.30%
34	Tamilnad Mercantile Bank	32.19	92.76%	6.99%	0.26%	0.11	92.37%
35	Punjab and Sind Bank	30.87	93.14%	6.10%	0.76%	0.20	73.50%
36	Equitas Bank	28.56	93.04%	6.96%	0.00%	0.11	97.83%
37	Standard Chartered	26.21	97.18%	2.33%	0.50%	0.09	77.36%
38	Andhra Pradesh Grameena Vikas Bank	25.95	86.69%	11.80%	1.51%	0.18	49.75%
39	DBS Bank India Limited	24.57	95.78%	4.11%	0.11%	0.09	77.72%
40	Pragathi Krishna Gramin Bank	24.49	81.75%	7.84%	10.41%	0.30	77.98%
41	Kerala Gramin Bank	23.61	90.10%	5.94%	3.96%	0.25	66.77%
42	Maharashtra Gramin Bank	22.84	84.76%	10.98%	4.26%	0.12	58.10%
43	Saraswat Bank	21.62	94.60%	4.52%	0.87%	0.11	62.88%
44	ESAF Small Finance Bank Ltd.	20.91	88.57%	5.06%	6.37%	0.37	63.82%
45	Rajasthan Marudhara Gramin Bank	20.02	88.02%	11.36%	0.63%	0.09	76.77%
46	Baroda UP Gramin Bank	19.44	54.14%	9.55%	36.31%	1.89	27.81%
47	Citibank	19.38	96.67%	3.07%	0.26%	0.07	99.19%
48	Fincare Small Finance Bank Ltd	17.51	86.69%	12.38%	0.92%	0.09	86.11%
49	RBL Bank	15.89	82.78%	5.54%	11.68%	0.16	69.48%
50	Sarva Haryana Gramin Bank	14.96	92.64%	6.89%	0.47%	0.11	60.36%

UPI Top 50 Banks Performance (Jan'24)

UPI Beneficiary Banks - Top 50 Banks (Jan'24)
Sr.No.	UPI Beneficiary Banks (Jan-2024)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	2851.38	99.90%	0.07%	0.03%	0.00%
2	Yes Bank Ltd	2105.87	99.92%	0.04%	0.04%	0.01%
3	State Bank Of India	1306.23	99.64%	0.18%	0.18%	0.04%
4	Axis Bank Ltd.	1008.43	99.76%	0.18%	0.06%	0.10%
5	ICICI Bank	647.71	99.42%	0.54%	0.04%	0.02%
6	HDFC BANK LTD	549.54	98.20%	1.76%	0.04%	0.01%
7	Bank of Baroda	336.93	99.80%	0.17%	0.03%	0.04%
8	Union Bank of India	324.67	99.00%	0.17%	0.84%	0.37%
9	Federal Bank	301.12	99.53%	0.34%	0.13%	0.01%
10	Punjab National Bank	271.75	99.49%	0.38%	0.13%	0.23%
11	Canara Bank	268.36	98.43%	1.30%	0.28%	0.17%
12	Kotak Mahindra Bank	236.42	98.61%	0.47%	0.92%	0.39%
13	Indian Bank	192.09	98.96%	0.77%	0.27%	0.10%
14	Airtel Payments Bank	184.67	99.03%	0.39%	0.58%	0.33%
15	Bank of India	179.80	99.64%	0.25%	0.11%	0.04%
16	INDUSIND BANK	129.00	98.83%	0.54%	0.62%	0.10%
17	India Post Payment Bank	113.35	98.17%	0.38%	1.45%	0.16%
18	Central Bank Of India	85.35	96.53%	0.50%	2.97%	1.21%
19	Indian Overseas Bank	76.93	98.86%	0.39%	0.75%	0.28%
20	UCO Bank	73.44	96.13%	0.63%	3.24%	0.65%
21	RBL	62.06	92.29%	0.36%	7.35%	0.26%
22	IDBI Bank Limited	62.06	97.83%	0.43%	1.74%	0.40%
23	Bank of Maharashtra	53.88	98.92%	0.24%	0.84%	0.14%
24	Fino Payments Bank Limited FIP	45.27	97.49%	1.88%	0.62%	0.07%
25	Karnataka Bank	41.79	98.66%	0.81%	0.54%	0.08%
26	IDFC First Bank	38.32	97.78%	2.04%	0.18%	0.04%
27	Karur Vysya Bank	31.32	98.42%	1.32%	0.25%	0.04%
28	South Indian Bank	31.07	96.63%	3.23%	0.15%	0.02%
29	Bandhan Bank	28.56	94.91%	0.24%	4.85%	0.46%
30	AU small Finance Bank	26.21	96.53%	3.24%	0.23%	0.04%
31	Tamilnad Mercantile Bank	20.54	99.60%	0.16%	0.24%	0.02%
32	Ujjivan Small Finance Bank	19.40	98.06%	0.85%	1.09%	0.41%
33	City Union Bank	18.79	97.08%	2.67%	0.25%	0.03%
34	Jammu and Kashmir Bank	18.46	99.06%	0.60%	0.35%	0.14%
35	Tri O Tech Solutions Private Limited	17.98	95.28%	4.12%	0.60%	0.26%
36	Kerala Gramin Bank	14.38	89.31%	0.24%	10.46%	0.88%
37	Punjab and Sind Bank	13.75	98.14%	1.24%	0.62%	0.62%
38	Pragathi Krishna Gramin Bank	13.28	84.28%	0.32%	15.40%	0.47%
39	Equitas Bank	12.96	97.83%	2.03%	0.13%	0.01%
40	Andhra Pradesh Grameena Vikas Bank	12.56	97.08%	1.26%	1.66%	0.28%
41	ONE MOBIKWIK SYSTEMS LIMITED	11.31	99.99%	0.00%	0.01%	0.00%
42	Maharashtra Gramin Bank	10.74	96.11%	0.28%	3.62%	0.33%
43	ESAF Small Finance Bank Ltd.	10.37	95.16%	0.13%	4.71%	0.58%
44	DBS Bank India Limited	10.30	98.38%	1.56%	0.06%	0.06%
45	Baroda UP Gramin Bank	10.21	71.46%	0.61%	27.93%	8.74%
46	CITI	10.02	99.87%	0.00%	0.13%	0.20%
47	Rajasthan Marudhara Gramin Bank	9.82	99.41%	0.30%	0.29%	0.10%
48	Jio Payments Bank	9.12	99.33%	0.31%	0.36%	0.31%
49	Fincare Small Finance Bank Ltd	7.98	95.71%	2.71%	1.57%	0.04%
50	Andhra Pragathi Grameena Bank	7.85	98.04%	0.47%	1.49%	0.22%

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 (Jan'24)

UPI Apps (Jan'24)
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	PhonePe	5734.54	9,06,793.76	0.00	0.00	0.00	0.00	0.00	0.00	5734.54	9,06,793.76
2	Google Pay	4442.86	6,35,945.58	0.00	0.00	0.00	0.00	0.00	0.00	4442.86	6,35,945.58
3	Paytm Payments Bank App	1442.41	1,64,333.33	3.98	8.32	0.72	1291.06	122.53	26,982.03	1569.63	1,92,614.74
4	Cred	108.86	38,229.82	0.00	0.00	0.00	0.00	0.00	0.00	108.86	38,229.82
5	Axis Bank Apps	13.31	2,775.63	66.84	2943.22	0.02	2.72	0.00	0.00	80.17	5,721.57
6	Amazon Pay	59.48	6,288.95	0.00	0.00	0.00	0.00	0.00	0.00	59.48	6,288.95
7	ICICI Bank Apps	28.93	12,995.05	4.68	527.09	7.01	10593.84	0.00	0.00	40.62	24,115.98
8	FAM	36.62	418.33	0.00	0.00	0.00	0.00	0.00	0.00	36.62	418.33
9	HDFC Bank Apps	25.05	5,458.04	5.92	17.83	0.00	0.08	0.00	0.00	30.98	5,475.95
10	BHIM	29.98	8,778.61	0.00	0.00	0.00	0.00	0.00	0.00	29.98	8,778.61
11	Kotak Mahindra Bank Apps	28.24	4,981.01	0.00	0.00	0.00	0.00	0.00	0.00	28.24	4,981.01
12	WhatsApp	26.08	2,132.83	0.00	0.00	0.00	0.00	0.00	0.00	26.08	2,132.83
13	Yes Bank Apps	23.01	11,585.54	0.00	0.00	0.27	33.23	0.00	0.00	23.28	11,618.77
14	Bajaj Finserv	19.87	2,737.66	0.00	0.00	0.00	0.00	0.00	0.00	19.87	2,737.66
15	Airtel Payments Bank Apps	13.24	902.32	0.00	0.00	0.00	0.08	0.00	0.03	13.24	902.43
16	Groww	9.41	6,540.35	0.00	0.00	0.00	0.00	0.00	0.00	9.41	6,540.35
17	State Bank of India Apps	6.10	2,425.87	0.00	0.00	0.03	0.87	0.00	0.00	6.13	2,426.73
18	Samsung Pay	5.73	518.32	0.00	0.00	0.00	0.00	0.00	0.00	5.73	518.32
19	IDFC Bank Apps	5.47	1,448.50	0.00	0.00	0.00	0.00	0.00	0.00	5.47	1,448.50
20	Federal Bank Apps	5.33	674.05	0.00	0.00	0.00	0.00	0.00	0.00	5.33	674.05
21	Mobikwik	5.19	1,625.48	0.00	0.00	0.00	0.00	0.00	0.00	5.19	1,625.48
22	Jupiter	4.97	665.54	0.00	0.00	0.00	0.00	0.00	0.00	4.97	665.54
23	India Post Payments Bank Apps	4.69	461.95	0.00	0.00	0.00	0.00	0.00	0.00	4.69	461.95
24	Deutsche Bank Apps	3.89	294.60	0.00	0.00	0.00	0.03	0.00	0.00	3.89	294.63
25	Standard Chartered Bank Apps	2.61	195.77	0.00	0.00	1.07	550.69	0.00	0.00	3.68	746.46
26	RBL Bank Apps	3.15	739.53	0.00	0.03	0.20	46.97	0.00	0.00	3.35	786.52
27	Canara Bank Apps	2.62	758.31	0.00	0.00	0.00	0.00	0.00	0.00	2.62	758.31
28	slice	2.01	407.98	0.00	0.00	0.00	0.00	0.00	0.00	2.01	407.98
29	Jio Payments Bank Apps	1.51	137.62	0.00	0.00	0.00	0.00	0.00	0.00	1.51	137.62
30	Punjab National Bank Apps	1.32	335.60	0.00	0.00	0.00	0.00	0.00	0.00	1.32	335.60
31	Indian Bank Apps	1.29	311.48	0.00	0.00	0.00	10.91	0.00	0.00	1.29	322.39
32	SLICE	1.26	41.97	0.00	0.00	0.00	0.00	0.00	0.00	1.26	41.97
33	Omnicard	1.15	37.16	0.00	0.00	0.00	0.00	0.00	0.00	1.15	37.16
34	Bank of Baroda Apps	1.14	505.93	0.00	0.00	0.00	10.66	0.00	0.00	1.14	516.58
35	Union Bank Apps	1.11	451.70	0.00	0.00	0.00	0.00	0.00	0.00	1.11	451.70
36	Navi	0.96	54.50	0.00	0.00	0.00	0.00	0.00	0.00	0.96	54.50
37	Gokiwi	0.74	105.76	0.00	0.00	0.00	0.00	0.00	0.00	0.74	105.76
38	DBS Digibank Apps	0.70	252.85	0.00	0.00	0.00	1.80	0.00	0.00	0.70	254.66
39	Karnataka Bank Apps	0.67	144.11	0.00	0.00	0.00	0.00	0.00	0.00	0.67	144.11
40	AU Small Finance Bank Apps	0.66	259.49	0.00	0.00	0.00	0.00	0.00	0.00	0.66	259.49
41	Central Bank of India Apps	0.63	150.41	0.00	0.00	0.00	0.00	0.00	0.00	0.63	150.41
42	Shriram One	0.59	31.86	0.00	0.00	0.00	0.00	0.00	0.00	0.59	31.86
43	FIFEDERAL	0.47	57.15	0.00	0.00	0.00	0.00	0.00	0.00	0.47	57.15
44	BPAYWALLET	0.43	88.49	0.00	0.00	0.00	0.00	0.00	0.00	0.43	88.49
45	MBK	0.39	57.77	0.00	0.00	0.00	0.00	0.00	0.00	0.39	57.77
46	South Indian Bank Apps	0.33	105.23	0.00	0.00	0.00	0.00	0.00	0.00	0.33	105.23
47	Bank of India Apps	0.29	108.18	0.00	0.00	0.00	0.00	0.00	0.00	0.29	108.18
48	Fino Payments bank Apps	0.29	31.67	0.00	0.00	0.00	0.00	0.00	0.00	0.29	31.67
49	INDIE - Indus Ind	0.25	42.84	0.00	0.00	0.00	0.00	0.00	0.00	0.25	42.84
50	UCO Bank Apps	0.21	76.62	0.00	0.00	0.00	0.00	0.00	0.00	0.21	76.62
51	HSBC Bank Apps	0.20	117.97	0.00	0.03	0.00	0.00	0.00	0.00	0.20	118.00
52	Tamilnad Mercantile Bank Apps	0.12	32.85	0.00	0.00	0.00	0.00	0.00	0.00	0.12	32.85
53	Indian Overseas Bank Apps	0.11	29.92	0.00	0.00	0.00	0.00	0.00	0.00	0.11	29.92
54	Ultracash	0.08	5.95	0.00	0.00	0.00	0.00	0.00	0.00	0.08	5.95
55	Citi Bank Apps	0.08	79.39	0.00	0.00	0.00	0.00	0.00	0.00	0.08	79.39
56	Digikhata	0.08	30.34	0.00	0.00	0.00	0.00	0.00	0.00	0.08	30.34
57	TataNeu	0.08	11.48	0.00	0.00	0.00	0.00	0.00	0.00	0.08	11.48
58	City Union Bank Apps	0.08	25.49	0.00	0.00	0.00	0.00	0.00	0.00	0.08	25.49
59	IDBI Bank Apps	0.08	42.31	0.00	0.00	0.00	0.00	0.00	0.00	0.08	42.31
60	Jupiter Edge (LivQuick PPI)	0.05	14.71	0.00	0.00	0.00	0.00	0.00	0.00	0.05	14.71
61	Karur Vysya Bank Apps	0.04	15.23	0.00	0.00	0.00	0.00	0.00	0.00	0.04	15.23
62	NSDL Payments Bank Apps	0.04	5.77	0.00	0.00	0.00	0.00	0.00	0.00	0.04	5.77
63	Bank of Maharashtra Apps	0.04	8.06	0.00	0.00	0.00	0.00	0.00	0.00	0.04	8.06
64	DHANI	0.04	2.71	0.00	0.00	0.00	0.00	0.00	0.00	0.04	2.71
65	PAYTMWALLET	0.03	3.11	0.00	0.00	0.00	0.00	0.00	0.00	0.03	3.11
66	MakeMyTrip	0.03	15.48	0.00	0.00	0.00	0.00	0.00	0.00	0.03	15.48
67	Equitas Small Finance Bank Apps	0.03	23.19	0.00	0.00	0.00	0.00	0.00	0.00	0.03	23.19
68	Timepay	0.03	0.33	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.33
69	Allahabad Bank Apps	0.03	6.51	0.00	0.00	0.00	0.00	0.00	0.00	0.03	6.51
70	Other Apps	0.13	31.46	0.00	0.00	0.00	0.00	0.00	0.00	0.13	31.46
71	CBDC Apps	0.80	46.45	0.00	0.00	0.07	1.63	0.00	0.00	0.88	48.08

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)
Jan'24	12,203.02	18,41,083.97	4,753.09	13,40,323.61	7,449.93	5,00,760.37

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 (Jan'24)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	3419.78	94.65%	5.21%	0.15%
2	AXIS BANK LTD.	3183.17	94.91%	4.93%	0.16%
3	ICICI BANK	2320.91	94.82%	4.99%	0.19%
4	PAYTM PAYMENTS BANK	1543.98	93.73%	6.12%	0.16%
5	HDFC BANK LTD	1146.07	95.81%	4.07%	0.12%
6	STATE BANK OF INDIA	1088.91	95.73%	4.18%	0.09%
7	TRI O TECH SOLUTIONS PRIVATE LIMITED	36.62	100.00%	0.00%	0.00%
8	BHIM	31.82	94.20%	5.67%	0.14%
9	KOTAK MAHINDRA BANK	28.42	100.00%	0.00%	0.00%
10	AIRTEL PAYMENTS BANK	14.13	93.67%	6.22%	0.11%
11	RBL Bank	6.46	96.06%	3.81%	0.13%
12	IDFC First Bank	5.77	99.21%	0.78%	0.01%
13	FEDERAL BANK	5.42	98.44%	1.55%	0.01%
14	INDIA POST PAYMENT BANK	4.69	99.98%	0.02%	0.00%
15	DEUTSCHE BANK CORP	3.87	100.00%	0.00%	0.00%

UPI Payee PSP Performance (Jan'24)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	4044.35	94.81%	5.04%	0.15%
2	PAYTM PAYMENTS BANK	3141.54	95.68%	4.17%	0.15%
3	AXIS BANK LTD.	1696.08	94.20%	5.63%	0.17%
4	ICICI BANK	1408.71	93.92%	5.92%	0.16%
5	STATE BANK OF INDIA	637.86	94.43%	5.44%	0.13%
6	HDFC BANK LTD	627.74	95.04%	4.84%	0.12%
7	FEDERAL BANK	231.87	96.82%	3.04%	0.14%
8	INDUSIND BANK	69.20	95.19%	4.68%	0.14%
9	RBL Bank	56.69	90.97%	8.80%	0.23%
10	COSMOS BANK	43.80	90.19%	9.60%	0.20%
11	KOTAK MAHINDRA BANK	28.77	95.25%	4.61%	0.14%
12	INDIAN BANK	29.15	92.06%	7.72%	0.22%
13	CANARA BANK	27.55	96.63%	3.26%	0.11%
14	AIRTEL PAYMENTS BANK	25.58	93.62%	6.22%	0.16%
15	TRI O TECH SOLUTIONS PRIVATE LIMITED	18.29	93.24%	6.52%	0.24%

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 - Jan 24

UPI Merchant Category-wise Classification - Jan'24
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	5814	Fast food restaurants
	5812	Eating places and restaurants
	4814	Telecommunication services, including local and long distance calls, credit cardcalls, calls through use of magnetic stripe reading telephones and faxes
	5541	Service stations (with or without ancillary services)
	5311	Department stores
	5816	Digital Goods: Games
	7407	P2PM CHANGES
	5912	Drug stores and pharmacies
	5462	Bakeries
Medium Transacting Categories	4900	Utilities electric, gas, water and sanitary
	5451	Dairies
	6540	Debit card to wallet credit (Wallet top up)
	7299	Miscellaneous personal services not elsewhere classified
	5499	Miscellaneous food shops convenience and speciality retail outlets
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	7322	Debt collection agencies
	6211	Securities brokers and dealers
	5422	Freezer and locker meat provisioners
	5137	Mens, womens and childrens uniforms and commercial clothing
All Other Categories	5441	Candy, nut and confectionery shops
	5732	Electronics shops
	6012	Financial institutions merchandise and services
	9399	Government services not elsewhere classified
	7230	Beauty and barber shops
	5399	Miscellaneous general merchandise
	5921	Package shops beer, wine and liquor
	4112	Passenger railways
	5691	Mens and womens clothing 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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Dec'23)

UPI Remitter Banks - Top 50 Banks (Dec'23)
Sr. No.	UPI Remitter Banks (Sep-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	3073.18	95.23%	4.34%	0.43%	12.75	83.74%
2	HDFC BANK LTD	1040.77	96.50%	3.44%	0.06%	3.63	97.57%
3	Bank of Baroda	766.81	94.55%	4.94%	0.51%	3.30	87.02%
4	Union Bank of India	745.87	94.86%	4.38%	0.76%	5.38	59.66%
5	Punjab National Bank	607.36	95.25%	4.59%	0.17%	2.35	97.94%
6	Kotak Mahindra Bank	588.94	94.40%	5.11%	0.49%	2.47	68.44%
7	Canara Bank	563.67	94.26%	5.38%	0.37%	2.43	86.37%
8	Axis Bank Ltd.	562.18	96.43%	3.57%	0.01%	1.67	87.70%
9	ICICI Bank	556.61	96.39%	3.28%	0.33%	2.06	82.59%
10	Paytm Payments Bank	410.19	96.37%	3.63%	0.00%	0.79	97.55%
11	Bank of India	384.87	95.78%	4.03%	0.18%	1.47	86.96%
12	Indian Bank	338.76	95.28%	4.52%	0.20%	1.19	90.68%
13	Airtel Payments Bank	320.02	88.41%	8.15%	3.43%	3.34	0.00%
14	India Post Payment Bank	247.32	82.43%	11.85%	5.72%	2.43	32.30%
15	Federal Bank	184.64	95.56%	4.34%	0.10%	0.49	98.15%
16	Central Bank Of India	177.99	86.46%	11.95%	1.59%	1.98	82.45%
17	Indian Overseas Bank	160.68	93.86%	4.42%	1.72%	1.06	91.36%
18	UCO Bank	147.86	94.38%	5.06%	0.56%	0.70	68.51%
19	IDBI Bank Limited	139.37	94.99%	3.80%	1.21%	0.84	90.96%
20	Bank of Maharashtra	133.33	94.32%	4.68%	1.00%	0.57	75.93%
21	INDUSIND BANK	120.30	92.92%	6.12%	0.97%	0.76	88.04%
22	Fino Payments Bank Limited FIP	107.84	90.01%	8.54%	1.45%	0.49	71.76%
23	Yes Bank Ltd	97.36	95.39%	4.51%	0.10%	0.22	96.73%
24	Karnataka Bank	96.35	92.95%	5.48%	1.57%	0.54	52.69%
25	IDFC FIRST Bank	75.11	93.58%	6.38%	0.04%	0.25	90.45%
26	Karur Vysya Bank	58.61	93.73%	5.71%	0.56%	0.29	97.83%
27	South Indian Bank	48.80	96.11%	3.82%	0.08%	0.12	97.34%
28	Jammu and Kashmir Bank	48.75	69.74%	25.78%	4.48%	0.65	13.43%
29	Bandhan Bank	47.39	92.57%	6.71%	0.72%	0.20	98.39%
30	Ujjivan Small Finance Bank	36.67	93.65%	5.57%	0.78%	0.19	68.80%
31	AU small Finance Bank	36.18	94.68%	4.30%	1.02%	0.26	99.01%
32	City Union Bank	34.96	93.56%	6.10%	0.34%	0.11	94.31%
33	Tri O Tech Solutions Private Limited	34.24	100.00%	0.00%	0.00%	NA	NA
34	Punjab and Sind Bank	31.50	89.74%	6.25%	4.01%	0.57	24.84%
35	Tamilnad Mercantile Bank	30.97	94.34%	5.15%	0.51%	0.12	89.05%
36	Equitas Bank	28.13	93.09%	6.89%	0.02%	0.10	97.07%
37	Standard Chartered	27.13	95.82%	2.10%	2.08%	0.19	48.75%
38	Kerala Gramin Bank	25.29	93.63%	6.11%	0.27%	0.08	92.04%
39	DBS Bank India Limited	24.94	95.90%	4.08%	0.02%	0.08	78.43%
40	Andhra Pradesh Grameena Vikas Bank	24.85	88.05%	10.56%	1.39%	0.10	76.31%
41	Pragathi Krishna Gramin Bank	23.88	91.21%	8.32%	0.46%	0.11	88.68%
42	Maharashtra Gramin Bank	22.04	85.60%	10.75%	3.65%	0.09	67.31%
43	Saraswat Bank	21.70	94.44%	4.88%	0.68%	0.09	67.20%
44	Baroda UP Gramin Bank	20.77	51.12%	9.10%	39.78%	2.65	12.92%
45	Citibank	20.47	96.75%	3.06%	0.19%	0.07	98.45%
46	ESAF Small Finance Bank Ltd.	19.79	94.55%	5.13%	0.31%	0.08	93.77%
47	HDFC Bank Credit Card HCB	19.02	94.17%	5.61%	0.21%	0.16	97.49%
48	Rajasthan Marudhara Gramin Bank	18.75	87.95%	10.82%	1.23%	0.09	69.57%
49	Fincare Small Finance Bank Ltd	16.01	87.76%	11.47%	0.76%	0.07	92.37%
50	RBL Bank	14.966911	80.11%	6.09%	13.80%	0.25	39.77%

UPI Top 50 Banks Performance (Dec'23)

UPI Beneficiary Banks - Top 50 Banks (Dec'23)
Sr.No.	UPI Beneficiary Banks (Sep-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	2835.27	99.90%	0.07%	0.03%	0.00%
2	Yes Bank Ltd	2269.48	99.95%	0.04%	0.01%	0.00%
3	State Bank Of India	1252.21	99.50%	0.19%	0.30%	0.07%
4	Axis Bank Ltd.	967.52	99.90%	0.09%	0.01%	0.01%
5	ICICI Bank	647.97	99.36%	0.48%	0.16%	0.07%
6	HDFC BANK LTD	549.41	97.80%	2.13%	0.06%	0.05%
7	Bank of Baroda	333.64	99.32%	0.25%	0.43%	0.13%
8	Union Bank of India	326.55	99.49%	0.19%	0.33%	0.26%
9	Federal Bank	291.79	99.65%	0.29%	0.06%	0.00%
10	Punjab National Bank	270.17	99.41%	0.51%	0.08%	0.11%
11	Canara Bank	268.75	99.06%	0.67%	0.27%	0.12%
12	Kotak Mahindra Bank	233.06	99.28%	0.46%	0.26%	0.22%
13	Indian Bank	182.11	98.93%	0.67%	0.40%	0.04%
14	Bank of India	179.90	99.58%	0.24%	0.17%	0.08%
15	Airtel Payments Bank	174.41	97.63%	0.43%	1.94%	0.59%
16	INDUSIND BANK	135.25	99.07%	0.34%	0.59%	0.50%
17	India Post Payment Bank	108.03	96.76%	0.37%	2.87%	0.25%
18	Central Bank Of India	85.35	98.70%	0.51%	0.80%	0.45%
19	Indian Overseas Bank	75.21	98.44%	0.32%	1.23%	0.50%
20	UCO Bank	73.18	98.84%	0.68%	0.48%	0.11%
21	IDBI Bank Limited	62.13	98.98%	0.43%	0.59%	0.15%
22	RBL Bank	55.75	91.43%	0.30%	8.27%	0.41%
23	Bank of Maharashtra	52.68	98.84%	0.28%	0.88%	0.15%
24	Fino Payments Bank Limited	50.18	97.67%	1.33%	1.00%	0.05%
25	IDFC FIRST Bank	47.49	98.43%	1.53%	0.04%	0.03%
26	Karnataka Bank	42.03	98.09%	0.54%	1.37%	0.23%
27	South Indian Bank	31.89	99.52%	0.41%	0.07%	0.01%
28	Karur Vysya Bank	31.85	98.07%	1.58%	0.35%	0.04%
29	Bandhan Bank	28.20	98.57%	0.43%	1.00%	0.00%
30	AU small Finance Bank	24.92	96.89%	2.38%	0.73%	0.36%
31	Tamilnad Mercantile Bank	19.90	99.35%	0.19%	0.47%	0.03%
32	Ujjivan Small Finance Bank	19.06	98.60%	0.82%	0.59%	0.26%
33	City Union Bank	18.56	98.56%	1.13%	0.31%	0.05%
34	Jammu and Kashmir Bank	17.46	97.22%	0.37%	2.41%	1.04%
35	Tri O Tech Solutions Private Limited	16.54	95.50%	4.49%	0.01%	0.00%
36	Kerala Gramin Bank	14.38	99.62%	0.25%	0.12%	0.15%
37	Punjab and Sind Bank	14.18	97.23%	0.45%	2.32%	0.95%
38	Equitas Bank	12.95	97.93%	1.91%	0.15%	0.01%
39	Pragathi Krishna Gramin Bank	12.34	99.42%	0.42%	0.17%	0.20%
40	Andhra Pradesh Grameena Vikas Bank	11.92	98.71%	0.97%	0.32%	0.07%
41	Baroda UP Gramin Bank	10.80	71.76%	0.67%	27.57%	10.95%
42	Maharashtra Gramin Bank	10.40	96.73%	0.28%	2.99%	0.17%
43	DBS Bank India Limited	10.08	98.53%	1.44%	0.03%	0.03%
44	ESAF Small Finance Bank Ltd.	10.01	99.62%	0.13%	0.24%	0.11%
45	Rajasthan Marudhara Gramin Bank	9.36	98.92%	0.50%	0.58%	0.10%
46	ONE MOBIKWIK SYSTEMS LIMITED	8.95	99.65%	0.00%	0.35%	0.01%
47	Andhra Pragathi Grameena Bank	7.80	95.75%	1.02%	3.22%	0.18%
48	Saraswat Bank	7.54	99.25%	0.19%	0.56%	0.18%
49	CITI Bank	7.31	99.82%	0.00%	0.18%	0.22%
50	Fincare Small Finance Bank Ltd	7.26	95.90%	1.92%	2.17%	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 (Dec'23)

UPI Apps (Dec'23)
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	PhonePe	5642.66	9,01,006.65	0.00	0.00	0.00	0.00	0.00	0.00	5642.66	9,01,006.65
2	Google Pay	4375.29	6,29,285.36	0.00	0.00	0.00	0.00	0.00	0.00	4375.29	6,29,285.36
3	Paytm Payments Bank App	1442.58	1,65,694.96	4.38	8.39	0.75	1342.34	125.89	24,510.03	1573.61	1,91,555.71
4	Cred	105.31	37,293.27	0.00	0.00	0.00	0.00	0.00	0.00	105.31	37,293.27
5	Axis Bank Apps	13.29	2,657.21	73.58	3439.12	0.03	3.68	0.00	0.00	86.90	6,100.01
6	Amazon Pay	54.16	5,982.84	0.00	0.00	0.00	0.00	0.00	0.00	54.16	5,982.84
7	ICICI Bank Apps	28.73	11,167.31	4.46	534.86	6.90	9182.39	0.00	0.00	40.09	20,884.56
8	Fampay	34.23	392.53	0.00	0.00	0.00	0.00	0.00	0.00	34.23	392.53
9	Yes Bank Apps	27.99	12,305.58	0.00	0.00	0.37	63.28	0.00	0.00	28.37	12,368.87
10	Kotak Mahindra Bank Apps	26.36	4,738.20	0.00	0.00	0.00	0.00	0.00	0.00	26.36	4,738.20
11	WhatsApp	25.25	2,113.01	0.00	0.00	0.00	0.00	0.00	0.00	25.25	2,113.01
12	BHIM	24.30	8,431.47	0.00	0.00	0.00	0.00	0.00	0.00	24.30	8,431.47
13	HDFC Bank Apps	23.68	6,095.52	0.00	0.00	0.00	0.03	0.00	0.00	23.68	6,095.54
14	Bajaj Finserv	18.08	2,580.43	0.00	0.00	0.00	0.00	0.00	0.00	18.08	2,580.43
15	Airtel Payments Bank Apps	12.26	851.64	0.00	0.00	0.00	0.00	0.28	31.71	12.54	883.36
16	Groww	6.58	4,039.81	0.00	0.00	0.00	0.00	0.00	0.00	6.58	4,039.81
17	State Bank of India Apps	6.13	2,362.05	0.00	0.00	0.03	0.85	0.00	0.00	6.16	2,362.90
18	Samsung Pay	6.08	557.26	0.00	0.00	0.00	0.00	0.00	0.00	6.08	557.26
19	Federal Bank Apps	5.95	745.40	0.00	0.00	0.00	0.01	0.00	0.00	5.95	745.41
20	IDFC Bank Apps	5.24	1,306.50	0.00	0.00	0.00	0.00	0.00	0.00	5.24	1,306.50
21	Mobikwik	4.95	1,580.30	0.00	0.00	0.00	0.00	0.00	0.00	4.95	1,580.30
22	India Post Payments Bank Apps	4.87	454.50	0.00	0.00	0.00	0.00	0.00	0.00	4.87	454.50
23	Jupiter	4.86	656.67	0.00	0.00	0.00	0.00	0.00	0.00	4.86	656.67
24	Deutsche Bank Apps	3.71	223.34	0.00	0.00	0.00	0.03	0.00	0.00	3.71	223.36
25	Standard Chartered Bank Apps	3.17	249.27	0.00	0.00	0.47	157.36	0.00	0.00	3.63	406.63
26	Canara Bank Apps	2.55	719.50	0.00	0.00	0.00	0.00	0.00	0.00	2.55	719.50
27	RBL Bank Apps	1.93	697.43	0.00	0.01	0.21	55.79	0.00	0.00	2.14	753.23
28	slice	1.96	403.07	0.00	0.00	0.00	0.00	0.00	0.00	1.96	403.07
29	Jio Payments Bank Apps	1.35	125.06	0.00	0.00	0.00	0.00	0.00	0.00	1.35	125.06
30	Punjab National Bank Apps	1.26	276.47	0.00	0.00	0.00	0.00	0.00	0.00	1.26	276.47
31	Omnicard	1.16	36.26	0.00	0.00	0.00	0.00	0.00	0.00	1.16	36.26
32	Bank of Baroda Apps	1.05	453.40	0.00	0.00	0.00	10.68	0.00	0.00	1.05	464.08
33	IndusInd Bank Apps	1.05	203.58	0.00	0.00	0.00	0.00	0.00	0.00	1.05	203.58
34	Union Bank Apps	1.02	405.74	0.00	0.00	0.00	0.00	0.00	0.00	1.02	405.74
35	SLICE	0.95	32.65	0.00	0.00	0.00	0.00	0.00	0.00	0.95	32.65
36	DBS Digibank Apps	0.78	245.47	0.00	0.00	0.00	1.47	0.00	0.00	0.79	246.94
37	GoKiwi	0.77	104.27	0.00	0.00	0.00	0.00	0.00	0.00	0.77	104.27
38	Karnataka Bank Apps	0.72	144.87	0.00	0.00	0.00	0.01	0.00	0.00	0.72	144.89
39	Navi	0.69	43.86	0.00	0.00	0.00	0.00	0.00	0.00	0.69	43.86
40	AU Small Finance Bank Apps	0.68	252.89	0.00	0.00	0.00	0.00	0.00	0.00	0.68	252.89
41	Central Bank of India Apps	0.58	136.84	0.00	0.00	0.00	0.00	0.00	0.00	0.58	136.84
42	Indian Bank Apps	0.40	98.27	0.00	0.00	0.00	8.79	0.00	0.00	0.40	107.06
43	Shriram One	0.33	19.47	0.00	0.00	0.00	0.00	0.00	0.00	0.33	19.47
44	Bajaj Pay Wallet	0.32	72.38	0.00	0.00	0.00	0.00	0.00	0.00	0.32	72.38
45	South Indian Bank Apps	0.30	86.96	0.00	0.00	0.00	0.00	0.00	0.00	0.30	86.96
46	Bank of India Apps	0.29	103.82	0.00	0.00	0.00	0.00	0.00	0.00	0.29	103.82
47	UCO Bank Apps	0.29	94.81	0.00	0.00	0.00	0.00	0.00	0.00	0.29	94.81
48	Mobikwik	0.28	38.53	0.00	0.00	0.00	0.00	0.00	0.00	0.28	38.53
49	Fino Payments bank Apps	0.27	26.70	0.00	0.00	0.00	0.00	0.00	0.00	0.27	26.70
50	INDIE - Indus Ind	0.20	35.32	0.00	0.00	0.00	0.00	0.00	0.00	0.20	35.32
51	HSBC Bank Apps	0.20	123.63	0.00	0.08	0.00	0.00	0.00	0.00	0.20	123.70
52	Tamilnad Mercantile Bank Apps	0.11	31.47	0.00	0.00	0.00	0.00	0.00	0.00	0.11	31.47
53	Indian Overseas Bank Apps	0.11	27.85	0.00	0.00	0.00	0.00	0.00	0.00	0.11	27.85
54	Ultracash	0.08	5.06	0.00	0.00	0.00	0.00	0.00	0.00	0.08	5.06
55	TataNeu	0.08	10.49	0.00	0.00	0.00	0.00	0.00	0.00	0.08	10.49
56	IDBI Bank Apps	0.07	38.61	0.00	0.00	0.00	0.00	0.00	0.00	0.07	38.61
57	City Union Bank Apps	0.07	22.76	0.00	0.00	0.00	0.00	0.00	0.00	0.07	22.76
58	DIGIKHATA	0.07	25.80	0.00	0.00	0.00	0.00	0.00	0.00	0.07	25.80
59	PAYTMWALLET	0.07	4.53	0.00	0.00	0.00	0.00	0.00	0.00	0.07	4.53
60	Citi Bank Apps	0.07	70.44	0.00	0.00	0.00	0.00	0.00	0.00	0.07	70.44
61	Fave	0.06	4.28	0.00	0.00	0.00	0.00	0.00	0.00	0.06	4.28
62	FIFEDERAL	0.05	7.12	0.00	0.00	0.00	0.00	0.00	0.00	0.05	7.12
63	Bank of Maharashtra Apps	0.04	8.10	0.00	0.00	0.00	0.00	0.00	0.00	0.04	8.10
64	MakeMyTrip	0.04	22.20	0.00	0.00	0.00	0.00	0.00	0.00	0.04	22.20
65	NSDL Payments Bank Apps	0.04	6.36	0.00	0.00	0.00	0.00	0.00	0.00	0.04	6.36
66	Karur Vysya Bank Apps	0.04	13.69	0.00	0.00	0.00	0.00	0.00	0.00	0.04	13.69
67	Equitas Small Finance Bank Apps	0.03	21.86	0.00	0.00	0.00	0.00	0.00	0.00	0.03	21.86
68	Allahabad Bank Apps	0.03	7.01	0.00	0.00	0.00	0.00	0.00	0.00	0.03	7.01
69	DHANI	0.03	2.01	0.00	0.00	0.00	0.00	0.00	0.00	0.03	2.01
70	CBDC Apps	0.72	25.12	0.00	0.00	0.05	0.80	0.00	0.00	0.77	25.91
71	Other	0.12	38.33	0.00	0.00	0.00	0.00	0.00	0.00	0.12	38.33

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)
Dec'23	12,020.23	18,22,949.42	4,754.79	13,47,696.13	7,265.44	4,75,253.29

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 (Dec'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	3445.89	94.66%	5.22%	0.12%
2	AXIS BANK LTD.	3095.94	94.93%	4.95%	0.12%
3	ICICI BANK	2325.23	94.83%	5.04%	0.13%
4	PAYTM PAYMENTS BANK	1542.33	93.87%	6.00%	0.13%
5	HDFC BANK LTD	1124.24	95.79%	4.12%	0.09%
6	STATE BANK OF INDIA	990.39	95.58%	4.36%	0.06%
7	TRI O TECH SOLUTIONS PRIVATE LIMITED	34.24	100.00%	0.00%	0.00%
8	KOTAK MAHINDRA BANK	26.48	100.00%	0.00%	0.00%
9	BHIM	25.74	94.40%	5.47%	0.13%
10	AIRTEL PAYMENTS BANK	13.24	92.57%	7.35%	0.09%
11	FEDERAL BANK	6.07	98.09%	1.86%	0.04%
12	IDFC First Bank	5.61	99.21%	0.78%	0.01%
13	INDIA POST PAYMENT BANK	4.88	99.96%	0.04%	0.00%
14	RBL Bank	4.52	95.38%	4.50%	0.12%
15	DEUTSCHE BANK CORP	3.68	100.00%	0.00%	0.00%

UPI Payee PSP Performance (Dec'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	4038.99	94.86%	5.02%	0.12%
2	PAYTM PAYMENTS BANK	3120.84	95.72%	4.17%	0.11%
3	AXIS BANK LTD.	1671.49	94.41%	5.46%	0.13%
4	ICICI BANK	1444.29	93.91%	5.97%	0.12%
5	HDFC BANK LTD	683.37	94.91%	5.00%	0.09%
6	STATE BANK OF INDIA	628.41	94.75%	5.16%	0.09%
7	FEDERAL BANK	222.45	96.80%	3.09%	0.11%
8	INDUSIND BANK	75.01	94.03%	5.83%	0.14%
9	RBL Bank	49.91	89.74%	10.06%	0.20%
10	COSMOS BANK	35.39	87.08%	12.69%	0.22%
11	KOTAK MAHINDRA BANK	26.91	95.30%	4.60%	0.10%
12	INDIAN BANK	26.59	92.33%	7.47%	0.20%
13	CANARA BANK	25.32	96.69%	3.23%	0.07%
14	IDFC First Bank	23.60	92.35%	7.51%	0.13%
15	AIRTEL PAYMENTS BANK	22.10	92.68%	7.20%	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.

UPI Merchant Category Classification - Dec 23

UPI Merchant Category-wise Classification - Dec'23
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	5812	Eating places and restaurants
	5814	Fast food restaurants
	4814	Telecommunication services, including local and long distance calls, credit card calls,
	5541	Service stations (with or without ancillary services)
	5311	Department stores
	5816	Digital Goods: Games
	5912	Drug stores and pharmacies
	7407	P2PM CHANGES
	5462	Bakeries
Medium Transacting Categories	4900	Utilities electric, gas, water and sanitary
	6540	Debit card to wallet credit (Wallet top up)
	5451	Dairies
	7299	Miscellaneous personal services not elsewhere classified
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and d
	7322	Debt collection agencies
	5137	Mens, womens and childrens uniforms and commercial clothing
	6012	Financial institutions merchandise and services
	5422	Freezer and locker meat provisioners
	5441	Candy, nut and confectionery shops
All Other Categories	5732	Electronics shops
	5499	Miscellaneous food shops convenience and speciality retail outlets
	7230	Beauty and barber shops
	9399	Government services not elsewhere classified
	6211	Securities brokers and dealers
	5921	Package shops beer, wine and liquor
	5399	Miscellaneous general merchandise
	7399	Business services not elsewhere classified
	5691	Mens and womens clothing 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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Nov'23)

UPI Remitter Banks - Top 50 Banks (Nov'23)
Sr. No.	UPI Remitter Banks (Sep-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	2861.65	94.81%	4.47%	0.72%	10.71	87%
2	HDFC BANK LTD	974.06	96.39%	3.57%	0.04%	2.66	98%
3	Bank of Baroda	721.89	95.07%	4.82%	0.11%	2.24	97%
4	Union Bank of India	700.46	95.55%	4.03%	0.42%	3.02	78%
5	Punjab National Bank	564.71	95.09%	4.47%	0.44%	1.76	98%
6	Kotak Mahindra Bank	543.50	94.87%	5.05%	0.08%	1.34	93%
7	Canara Bank	527.96	94.11%	5.22%	0.66%	2.23	76%
8	ICICI Bank	526.20	96.32%	3.44%	0.23%	1.45	91%
9	Axis Bank Ltd.	512.13	96.38%	3.57%	0.05%	1.25	93%
10	Paytm Payments Bank	412.00	96.42%	3.57%	0.01%	0.62	98%
11	Bank of India	366.39	92.32%	3.72%	3.96%	3.21	43%
12	Indian Bank	317.62	95.18%	4.64%	0.18%	0.92	90%
13	Airtel Payments Bank	286.95	91.14%	8.22%	0.64%	1.02	0%
14	India Post Payment Bank	226.01	84.48%	13.19%	2.33%	1.17	53%
15	Federal Bank	172.99	95.22%	4.21%	0.58%	0.52	83%
16	Central Bank Of India	165.88	89.27%	8.84%	1.88%	1.82	85%
17	Indian Overseas Bank	151.39	94.62%	4.41%	0.98%	0.61	94%
18	UCO Bank	139.38	94.08%	5.04%	0.87%	0.58	71%
19	IDBI Bank Limited	132.00	93.91%	3.83%	2.26%	1.25	83%
20	Bank of Maharashtra	122.25	94.84%	4.75%	0.41%	0.38	88%
21	INDUSIND BANK	112.00	93.43%	5.86%	0.71%	0.40	94%
22	Fino Payments Bank Limited FIP	100.60	89.84%	8.33%	1.83%	0.49	57%
23	Karnataka Bank	89.24	94.13%	5.33%	0.55%	0.22	88%
24	Yes Bank Ltd	88.32	95.78%	4.16%	0.06%	0.18	94%
25	IDFC FIRST Bank	69.99	93.90%	5.87%	0.22%	0.27	66%
26	Karur Vysya Bank	55.13	93.81%	5.54%	0.65%	0.17	89%
27	South Indian Bank	45.79	95.52%	4.11%	0.37%	0.09	93%
28	Bandhan Bank	43.79	91.71%	6.91%	1.38%	0.16	98%
29	Jammu and Kashmir Bank	43.20	91.56%	5.50%	2.94%	0.41	12%
30	Ujjivan Small Finance Bank	33.77	93.71%	5.43%	0.86%	0.14	60%
31	City Union Bank	33.22	93.96%	5.80%	0.25%	0.09	99%
32	AU small Finance Bank	33.01	95.58%	4.18%	0.25%	0.13	98%
33	Tamilnad Mercantile Bank	29.10	94.60%	5.11%	0.29%	0.08	79%
34	Punjab and Sind Bank	28.90	93.62%	5.83%	0.55%	0.18	67%
35	Tri O Tech Solutions Private Limited	28.43	100.00%	0.00%	0.00%	NA	NA
36	Equitas Bank	26.50	92.55%	7.39%	0.06%	0.08	98%
37	Standard Chartered	26.22	97.42%	2.23%	0.35%	0.07	75%
38	Kerala Gramin Bank	23.92	90.19%	7.84%	1.97%	0.19	54%
39	DBS Bank India Limited	23.67	95.97%	3.98%	0.04%	0.06	83%
40	Andhra Pradesh Grameena Vikas Bank	23.04	88.90%	10.34%	0.76%	0.07	77%
41	Pragathi Krishna Gramin Bank	21.81	92.21%	6.66%	1.13%	0.12	66%
42	Saraswat Bank	20.40	96.37%	3.34%	0.29%	0.07	87%
43	Maharashtra Gramin Bank	19.82	86.91%	10.90%	2.19%	0.07	71%
44	Citibank	18.89	95.62%	3.26%	1.12%	0.07	97%
45	Baroda UP Gramin Bank	18.78	69.42%	9.05%	21.53%	1.21	13%
46	ESAF Small Finance Bank Ltd.	18.18	94.76%	4.90%	0.34%	0.05	97%
47	Rajasthan Marudhara Gramin Bank	16.90	89.38%	10.18%	0.45%	0.06	82%
48	RBL Bank	14.75	84.95%	7.10%	7.95%	0.23	44%
49	Fincare Small Finance Bank Ltd	14.66	87.00%	11.11%	1.89%	0.09	60%
50	Sarva Haryana Gramin Bank	14.28	89.89%	6.71%	3.40%	0.22	20%

UPI Top 50 Banks Performance (Nov'23)

UPI Beneficiary Banks - Top 50 Banks (Nov'23)
Sr.No.	UPI Beneficiary Banks (Sep-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	2617.76	99.90%	0.08%	0.01%	0.00%
2	Yes Bank Ltd	2146.74	99.96%	0.03%	0.01%	0.00%
3	State Bank Of India	1163.73	99.15%	0.27%	0.58%	0.06%
4	Axis Bank Ltd.	856.15	99.52%	0.34%	0.15%	0.07%
5	ICICI Bank	651.71	99.28%	0.60%	0.12%	0.01%
6	HDFC BANK LTD	508.67	99.29%	0.65%	0.06%	0.04%
7	Bank of Baroda	317.76	99.43%	0.48%	0.09%	0.10%
8	Union Bank of India	310.09	99.55%	0.25%	0.20%	0.12%
9	Federal Bank	266.30	99.40%	0.32%	0.29%	0.04%
10	Punjab National Bank	254.47	99.39%	0.47%	0.14%	0.24%
11	Canara Bank	252.28	99.05%	0.53%	0.42%	0.13%
12	Kotak Mahindra Bank	219.84	99.31%	0.64%	0.05%	0.06%
13	Bank of India	173.07	96.65%	0.31%	3.04%	0.43%
14	Indian Bank	167.39	99.49%	0.44%	0.07%	0.04%
15	Airtel Payments Bank	160.79	99.07%	0.51%	0.43%	0.15%
16	INDUSIND BANK	135.40	98.93%	0.43%	0.64%	0.43%
17	India Post Payment Bank	100.15	98.67%	0.42%	0.90%	0.14%
18	Central Bank Of India	82.64	98.41%	0.57%	1.02%	0.45%
19	Indian Overseas Bank	70.94	99.24%	0.35%	0.40%	0.32%
20	UCO Bank	67.33	98.39%	0.79%	0.82%	0.08%
21	IDBI Bank Limited	58.83	98.43%	0.48%	1.09%	0.47%
22	Bank of Maharashtra	48.50	98.98%	0.61%	0.41%	0.10%
23	Fino Payments Bank Limited FIP	44.77	98.15%	0.70%	1.15%	0.10%
24	Karnataka Bank	39.12	98.76%	0.67%	0.58%	0.02%
25	IDFC FIRST Bank	48.61	98.45%	1.39%	0.16%	0.15%
26	Karur Vysya Bank	30.60	98.98%	0.59%	0.43%	0.09%
27	South Indian Bank	29.58	99.15%	0.43%	0.42%	0.02%
28	Bandhan Bank	26.18	98.07%	0.53%	1.40%	0.00%
29	AU small Finance Bank	22.96	97.60%	2.24%	0.16%	0.11%
30	Tamilnad Mercantile Bank	18.71	99.50%	0.31%	0.19%	0.03%
31	City Union Bank	17.92	98.36%	1.45%	0.19%	0.06%
32	RBL Bank	44.40	95.83%	0.55%	3.62%	0.31%
33	Ujjivan Small Finance Bank	17.99	99.31%	0.19%	0.50%	0.25%
34	Jammu and Kashmir Bank	19.18	98.00%	0.35%	1.64%	0.27%
35	Equitas Bank	12.50	97.55%	2.37%	0.08%	0.00%
36	Punjab and Sind Bank	13.25	99.37%	0.28%	0.35%	0.21%
37	Kerala Gramin Bank	13.43	98.41%	0.22%	1.38%	0.59%
38	Pragathi Krishna Gramin Bank	11.60	99.00%	0.49%	0.51%	0.33%
39	CITIBank	10.35	99.79%	0.00%	0.21%	0.00%
40	Andhra Pradesh Grameena Vikas Bank	11.19	98.76%	0.87%	0.37%	0.07%
41	DBS Bank India Limited	9.60	98.21%	1.70%	0.08%	0.04%
42	Maharashtra Gramin Bank	9.60	98.29%	0.26%	1.45%	0.14%
43	Tri O Tech Solutions Private Limited	13.88	94.64%	5.32%	0.04%	0.01%
44	Rajasthan Marudhara Gramin Bank	8.76	99.17%	0.61%	0.22%	0.06%
45	Baroda UP Gramin Bank	10.63	83.36%	0.85%	15.80%	5.43%
46	ESAF Small Finance Bank Ltd.	9.33	99.66%	0.17%	0.18%	0.05%
47	Andhra Pragathi Grameena Bank	7.17	97.88%	0.74%	1.38%	0.04%
48	Saraswat Bank	7.23	99.35%	0.37%	0.28%	0.11%
49	Sarva Haryana Gramin Bank	6.55	97.20%	0.43%	2.37%	0.60%
50	Baroda Rajasthan Kshetriya Gramin Bank	5.20	94.07%	1.31%	4.62%	1.32%

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 (Nov'23)

UPI Apps (Nov'23)
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	PhonePe	5281.68	854,939.06	0.00	0.0	0.00	0.00	-	-	5281.68	854,939.06
2	Google Pay	4099.08	599,748.64	0.00	0.0	0.00	0.00	-	-	4099.08	599,748.64
3	Paytm Payments Bank App	1360.45	166,257.62	4.68	8.0	0.73	1314.75	113.61	23569.92	1479.47	191,150.29
4	Cred	93.31	34,541.32	0.00	0.0	0.00	0.00	-	-	93.31	34,541.32
5	Axis Bank Apps	11.52	2,305.08	54.43	1453.3	0.07	7.27	-	-	66.02	3,765.68
6	Amazon Pay	48.62	5,737.75	0.00	0.0	0.00	0.00	-	-	48.62	5,737.75
7	ICICI Bank Apps	27.41	11,134.92	4.79	456.4	8.55	12088.53	-	-	40.75	23,679.82
8	Fampay	28.43	336.92	0.00	0.0	0.00	0.00	-	-	28.43	336.92
9	Yes Bank Apps	25.77	11,004.32	0.00	0.0	0.28	66.93	-	-	26.06	11,071.25
10	Kotak Mahindra Bank Apps	23.88	4,341.61	0.00	0.0	0.00	0.00	-	-	23.88	4,341.61
11	BHIM	23.49	7,957.46	0.00	0.0	0.00	0.00	-	-	23.49	7,957.46
12	WhatsApp	22.29	1,917.47	0.00	0.0	0.00	0.00	-	-	22.29	1,917.47
13	HDFC Bank Apps	20.68	5,511.35	0.00	0.0	0.00	0.00	-	-	20.68	5,511.35
14	Bajaj Finserv	15.95	2,406.06	0.00	0.0	0.00	0.00	-	-	15.95	2,406.06
15	Airtel Payments Bank Apps	11.06	795.35	0.00	0.0	0.00	0.00	0.28	31.71	11.34	827.06
16	Samsung Pay	5.84	557.36	0.00	0.0	0.00	0.00	-	-	5.84	557.36
17	Federal Bank Apps	5.51	698.05	0.00	0.0	0.00	0.01	-	-	5.51	698.06
18	State Bank of India Apps	5.36	2,162.43	0.00	0.0	0.02	0.66	-	-	5.38	2,163.09
19	India Post Payments Bank Apps	5.27	532.66	0.00	0.0	0.00	0.00	-	-	5.27	532.66
20	IDFC Bank Apps	4.96	1,306.91	0.00	0.0	0.00	0.00	-	-	4.96	1,306.91
21	Groww	4.59	2,528.81	0.00	0.0	0.00	0.00	-	-	4.59	2,528.81
22	Mobikwik	4.52	1,467.04	0.00	0.0	0.00	0.00	-	-	4.52	1,467.04
23	Standard Chartered Bank Apps	3.82	262.18	0.00	0.0	0.57	244.75	-	-	4.39	506.93
24	Jupiter	4.29	577.81	0.00	0.0	0.00	0.00	-	-	4.29	577.81
25	Deutsche Bank Apps	3.26	268.83	0.00	0.0	0.00	0.02	-	-	3.26	268.85
26	Canara Bank Apps	2.29	667.04	0.00	0.0	0.00	0.00	-	-	2.29	667.04
27	RBL Bank Apps	1.85	621.67	0.00	0.0	0.37	18.30	-	-	2.23	639.97
28	slice	1.58	359.47	0.00	0.0	0.00	0.00	-	-	1.58	359.47
29	Jio Payments Bank Apps	1.26	117.05	0.00	0.0	0.00	0.00	-	-	1.26	117.05
30	Omnicard	1.09	37.85	0.00	0.0	0.00	0.00	-	-	1.09	37.85
31	Punjab National Bank Apps	1.04	214.29	0.00	0.0	0.00	0.00	-	-	1.04	214.29
32	Union Bank Apps	0.95	376.07	0.00	0.0	0.00	0.00	-	-	0.95	376.07
33	Bank of Baroda Apps	0.95	412.54	0.00	0.0	0.00	7.13	-	-	0.95	419.67
34	IndusInd Bank Apps	0.90	193.07	0.00	0.0	0.00	0.00	-	-	0.90	193.07
35	GoKiwi	0.76	93.99	0.00	0.0	0.00	0.00	-	-	0.76	93.99
36	SLICE	0.69	27.42	0.00	0.0	0.00	0.00	-	-	0.69	27.42
37	Karnataka Bank Apps	0.68	138.91	0.00	0.0	0.00	0.01	-	-	0.68	138.92
38	AU Small Finance Bank Apps	0.66	239.22	0.00	0.0	0.00	0.00	-	-	0.66	239.22
39	Navi	0.60	37.44	0.00	0.0	0.00	0.00	-	-	0.60	37.44
40	DBS Digibank Apps	0.52	196.26	0.00	0.0	0.00	0.61	-	-	0.52	196.87
41	Central Bank of India Apps	0.51	117.17	0.00	0.0	0.00	0.27	-	-	0.51	117.44
42	Indian Bank Apps	0.36	89.84	0.00	0.0	0.00	4.10	-	-	0.36	93.94
43	Fino Payments bank Apps	0.27	25.00	0.00	0.0	0.00	0.00	-	-	0.27	25.00
44	UCO Bank Apps	0.26	81.93	0.00	0.0	0.00	0.00	-	-	0.26	81.93
45	Bajaj Pay Wallet	0.26	62.02	0.00	0.0	0.00	0.00	-	-	0.26	62.02
46	South Indian Bank Apps	0.25	74.07	0.00	0.0	0.00	0.00	-	-	0.25	74.07
47	Bank of India Apps	0.24	88.76	0.00	0.0	0.00	0.00	-	-	0.24	88.76
48	HSBC Bank Apps	0.18	110.45	0.00	0.1	0.00	0.00	-	-	0.18	110.56
49	INDIE - Indus Ind	0.16	30.77	0.00	0.0	0.00	0.00	-	-	0.16	30.77
50	Tamilnad Mercantile Bank Apps	0.10	29.13	0.00	0.0	0.00	0.00	-	-	0.10	29.13
51	Indian Overseas Bank Apps	0.09	24.83	0.00	0.0	0.00	0.00	-	-	0.09	24.83
52	Fave	0.09	8.29	0.00	0.0	0.00	0.00	-	-	0.09	8.29
53	Shriram One	0.09	10.06	0.00	0.0	0.00	0.00	-	-	0.09	10.06
54	Ultracash	0.08	5.50	0.00	0.0	0.00	0.00	-	-	0.08	5.50
55	TataNeu	0.08	11.36	0.00	0.0	0.00	0.00	-	-	0.08	11.36
56	City Union Bank Apps	0.07	22.07	0.00	0.0	0.00	0.00	-	-	0.07	22.07
57	IDBI Bank Apps	0.07	35.22	0.00	0.0	0.00	0.00	-	-	0.07	35.22
58	Citi Bank Apps	0.07	60.24	0.00	0.0	0.00	0.00	-	-	0.07	60.24
59	Mobikwik	0.06	8.71	0.00	0.0	0.00	0.00	-	-	0.06	8.71
60	DIGIKHATA	0.05	20.12	0.00	0.0	0.00	0.00	-	-	0.05	20.12
61	Bank of Maharashtra Apps	0.04	8.79	0.00	0.0	0.00	0.00	-	-	0.04	8.79
62	MakeMyTrip	0.04	22.58	0.00	0.0	0.00	0.00	-	-	0.04	22.58
63	Karur Vysya Bank Apps	0.04	14.83	0.00	0.0	0.00	0.00	-	-	0.04	14.83
64	Timepay	0.04	1.20	0.00	0.0	0.00	0.00	-	-	0.04	1.20
65	NSDL Payments Bank Apps	0.03	5.89	0.00	0.0	0.00	0.00	-	-	0.03	5.89
66	Equitas Small Finance Bank Apps	0.03	19.96	0.00	0.0	0.00	0.00	-	-	0.03	19.96
67	Punjab Sind Bank Apps	0.03	14.19	0.00	0.0	0.00	0.00	-	-	0.03	14.19
68	Allahabad Bank Apps	0.03	6.93	0.00	0.0	0.00	0.00	-	-	0.03	6.93
69	CBDC Apps	0.20	8.49	0.00	0.00	0.01	0.46	-	-	0.22	8.95
70	Others	0.11	26.81	0.00	0.00	0.00	0.00	-	-	0.11	26.81

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'23	11,235.29	17,39,740.61	4,649.47	12,92,866.82	6,585.81	4,46,873.79

Glossary

P2P - P2P transactions are payments done by person to a person i.e. Peer to Peer Payments.
P2M - P2M transactions are payments done by person to a merchant i.e. Peer to Merchant Payments

UPI Payer PSP Performance

UPI Payer PSP Performance (Nov'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	YES BANK LTD	3511.25	94.97%	4.95%	0.08%
2	AXIS BANK LTD.	2610.39	95.16%	4.75%	0.09%
3	ICICI BANK	2077.75	95.12%	4.79%	0.09%
4	PAYTM PAYMENTS BANK	1451.32	94.11%	5.80%	0.09%
5	HDFC BANK LTD	1044.71	96.04%	3.89%	0.07%
6	STATE BANK OF INDIA	983.74	95.70%	4.26%	0.04%
7	TRI O TECH SOLUTIONS PRIVATE LIMITED	28.43	100.00%	0.00%	0.00%
8	KOTAK MAHINDRA BANK	23.97	100.00%	0.00%	0.00%
9	BHIM	24.75	94.88%	5.02%	0.10%
10	AIRTEL PAYMENTS BANK	11.95	92.59%	7.35%	0.06%
11	FEDERAL BANK	5.61	98.19%	1.79%	0.02%
12	INDIA POST PAYMENT BANK	5.27	99.98%	0.02%	0.00%
13	IDFC FIRST Bank	5.21	98.99%	1.00%	0.01%
14	STANDARD CHARTERED	4.39	100.00%	0.00%	0.00%
15	RBL Bank Ltd	4.07	95.85%	4.09%	0.06%

UPI Payee PSP Performance (Nov'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3895.63	95.06%	4.86%	0.08%
2	PayTM Payments Bank Ltd	2876.53	95.86%	4.06%	0.08%
3	Axis Bank Ltd	1473.31	94.65%	5.26%	0.09%
4	ICICI Bank	1367.32	94.30%	5.62%	0.09%
5	HDFC Bank Ltd	628.18	95.16%	4.77%	0.07%
6	State Bank Of India	580.84	95.02%	4.91%	0.07%
7	Federal Bank	199.54	96.90%	3.04%	0.06%
8	INDIAN Bank	76.60	93.91%	5.98%	0.11%
9	RBL Bank	39.40	91.86%	8.00%	0.13%
10	Kotak Mahindra Bank	28.13	95.06%	4.83%	0.11%
11	IDFC FIRST Bank	26.61	92.29%	7.54%	0.17%
12	Cosmos Bank	24.88	90.84%	8.96%	0.20%
13	Canara Bank	22.04	96.69%	3.25%	0.06%
14	Indian Bank	21.35	92.91%	6.95%	0.14%
15	Airtel Payments Bank	20.10	91.92%	7.96%	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.

UPI Merchant Category Classification - Nov 23

UPI Merchant Category-wise Classification - Nov'23
Type	MCC	Description
High Transacting Categories	5411	Groceries and supermarkets
	5812	Eating places and restaurants
	5814	Fast food restaurants
	4814	Telecommunication services, including local and long distance calls, credit cardcalls, calls through use of magnetic stripe reading telephones and faxes
	5311	Department stores
	5541	Service stations (with or without ancillary services)
	5816	Digital Goods: Games
	5912	Drug stores and pharmacies
	5462	Bakeries
	4900	Utilities electric, gas, water and sanitary
Medium Transacting Categories	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	7299	Miscellaneous personal services not elsewhere classified
	5451	Dairies
	7322	Debt collection agencies
	6540	Debit card to wallet credit (Wallet top up)
	6012	Financial institutions merchandise and services
	5137	Mens, womens and childrens uniforms and commercial clothing
	5441	Candy, nut and confectionery shops
	5732	Electronics shops
	5422	Freezer and locker meat provisioners
All Other Categories	5993	Cigar shops and stands
	7230	Beauty and barber shops
	5399	Miscellaneous general merchandise
	5691	Mens and womens clothing shops
	9399	Government services not elsewhere classified
	6211	Securities brokers and dealers
	5722	Household appliance shops
	5651	Family clothing shops
	5921	Package shops beer, wine and liquor
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Oct'23)

UPI Remitter Banks - Top 50 Banks (Oct'23)
Sr. No.	UPI Remitter Banks (Sep-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	2930.95	92.62%	4.45%	2.93%	29.12	89%
2	HDFC BANK LTD	1005.24	96.26%	3.55%	0.20%	3.23	96%
3	Bank of Baroda	746.16	93.72%	5.11%	1.17%	4.89	86%
4	Union Bank of India	717.97	94.43%	4.16%	1.41%	4.54	58%
5	Punjab National Bank	576.75	94.44%	4.82%	0.74%	2.63	95%
6	ICICI Bank	542.07	95.69%	3.65%	0.66%	2.06	85%
7	Axis Bank Ltd	533.42	96.43%	3.55%	0.01%	1.28	99%
8	Kotak Mahindra Bank	553.74	94.24%	4.94%	0.81%	2.15	73%
9	Canara Bank	530.06	94.48%	5.09%	0.43%	2.34	85%
10	Paytm Payments Bank	441.45	96.35%	3.65%	0.00%	0.69	99%
11	Bank of India	373.98	95.79%	3.91%	0.29%	1.45	80%
12	Indian Bank	321.72	94.93%	4.91%	0.16%	1.11	91%
13	Airtel Payments Bank	285.50	91.12%	8.63%	0.25%	0.97	0%
14	India Post Payment Bank	218.45	86.20%	12.46%	1.34%	0.81	81%
15	Federal Bank	175.29	95.30%	4.55%	0.15%	0.43	99%
16	Central Bank Of India	172.01	88.14%	9.57%	2.29%	2.23	83%
17	Indian Overseas Bank	151.31	94.84%	4.48%	0.67%	0.69	89%
18	UCO Bank	143.86	94.08%	5.17%	0.75%	0.92	54%
19	IDBI Bank Limited	136.12	94.64%	3.77%	1.59%	0.94	87%
20	Bank of Maharashtra	126.73	94.62%	4.90%	0.48%	0.42	86%
21	INDUSIND BANK	116.32	92.20%	5.73%	2.06%	0.47	85%
22	Fino Payments Bank Limited FIP	105.67	85.45%	11.77%	2.78%	0.41	80%
23	Yes Bank Ltd	94.16	95.49%	4.39%	0.12%	0.20	89%
24	Karnataka Bank	90.33	93.61%	5.57%	0.82%	0.27	79%
25	Karur Vysya Bank	56.39	93.67%	5.71%	0.62%	0.26	93%
26	Bandhan Bank	39.99	89.22%	9.71%	1.07%	0.54	36%
27	South Indian Bank	45.73	96.08%	3.84%	0.08%	0.11	80%
28	IDFC FIRST Bank	71.76	94.27%	5.54%	0.19%	0.29	68%
29	Jammu and Kashmir Bank	41.53	91.11%	6.00%	2.89%	0.30	5%
30	City Union Bank	33.89	93.79%	5.98%	0.22%	0.10	99%
31	Ujjivan Small Finance Bank	34.85	92.15%	5.57%	2.28%	0.18	64%
32	AU small Finance Bank	33.85	95.45%	4.24%	0.31%	0.16	98%
33	Tamilnad Mercantile Bank	29.57	93.69%	5.18%	1.12%	0.12	62%
34	Equitas Small Finance Bank	27.66	92.15%	7.82%	0.03%	0.09	98%
35	Standard Chartered	30.00	97.09%	2.50%	0.41%	0.07	79%
36	Punjab and Sind Bank	27.65	91.68%	6.34%	1.99%	0.34	37%
37	DBS Bank India Limited	24.94	95.54%	3.91%	0.55%	0.06	84%
38	Andhra Pradesh Grameena Vikas Bank	23.22	88.00%	11.27%	0.74%	0.09	76%
39	Pragathi Krishna Gramin Bank	21.54	91.33%	6.68%	1.99%	0.17	59%
40	Citibank	19.79	95.28%	3.00%	1.72%	0.06	96%
41	Maharashtra Gramin Bank	20.84	86.25%	11.68%	2.07%	0.09	64%
42	Kerala Gramin Bank	22.94	89.93%	7.97%	2.10%	0.18	57%
43	Saraswat Bank	20.94	96.38%	3.40%	0.22%	0.06	92%
44	Tri O Tech Solutions Private Limited	27.54	100.00%	0.00%	0.00%	0.00	NA
45	Rajasthan Marudhara Gramin Bank	17.72	87.47%	11.85%	0.68%	0.07	82%
46	ESAF Small Finance Bank Ltd.	18.06	94.04%	5.47%	0.49%	0.05	98%
47	Baroda UP Gramin Bank	17.16	80.46%	10.92%	8.62%	0.47	22%
48	Sarva Haryana Gramin Bank	14.65	90.62%	6.76%	2.62%	0.16	35%
49	RBL Bank	14.89	87.52%	7.32%	5.15%	0.16	61%
50	Andhra Pragathi Grameena Bank	12.89	86.03%	12.97%	1.00%	0.05	77%

UPI Top 50 Banks Performance (Oct'23)

UPI Beneficiary Banks - Top 50 Banks (Oct'23)
Sr.No.	UPI Beneficiary Banks (Sep-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	2709.07	99.87%	0.11%	0.02%	0.00%
2	Yes Bank Ltd	2224.58	99.94%	0.02%	0.03%	0.00%
3	State Bank Of India	1183.73	97.26%	0.28%	2.46%	0.41%
4	Axis Bank Ltd.	798.18	99.73%	0.22%	0.05%	0.03%
5	ICICI Bank	651.16	99.28%	0.49%	0.23%	0.08%
6	HDFC BANK LTD	535.56	99.39%	0.50%	0.11%	0.06%
7	Bank of Baroda	326.93	98.09%	0.84%	1.07%	0.16%
8	Union Bank of India	314.34	98.97%	0.24%	0.80%	0.22%
9	Federal Bank	271.01	99.65%	0.30%	0.04%	0.00%
10	Punjab National Bank	256.32	99.04%	0.45%	0.52%	0.22%
11	Canara Bank	252.42	99.24%	0.51%	0.25%	0.15%
12	Kotak Mahindra Bank	237.72	98.74%	0.64%	0.62%	0.17%
13	Bank of India	175.96	99.44%	0.29%	0.27%	0.13%
14	Indian Bank	169.62	99.44%	0.46%	0.10%	0.03%
15	Airtel Payments Bank	158.70	99.23%	0.59%	0.18%	0.10%
16	INDUSIND BANK	129.76	98.36%	0.37%	1.28%	0.30%
17	India Post Payment Bank	96.97	98.51%	0.39%	1.10%	0.04%
18	Central Bank Of India	84.25	97.64%	0.64%	1.72%	0.53%
19	Indian Overseas Bank	72.39	99.28%	0.40%	0.32%	0.30%
20	UCO Bank	67.14	98.84%	0.80%	0.36%	0.17%
21	IDBI Bank Limited	60.68	98.77%	0.46%	0.77%	0.29%
22	Bank of Maharashtra	49.66	98.99%	0.57%	0.45%	0.10%
23	Fino Payments Bank Limited FIP	50.88	97.26%	0.69%	2.05%	0.06%
24	Karnataka Bank	39.45	98.47%	0.71%	0.82%	0.05%
25	IDFC FIRST Bank	52.06	98.85%	1.07%	0.08%	0.00%
26	Karur Vysya Bank	31.11	99.07%	0.61%	0.32%	0.08%
27	South Indian Bank	29.03	99.60%	0.33%	0.07%	0.02%
28	Bandhan Bank	25.96	85.26%	0.40%	14.34%	0.17%
29	AU small Finance Bank	22.86	97.95%	1.90%	0.15%	0.14%
30	Tamilnad Mercantile Bank	18.78	98.79%	0.34%	0.87%	0.13%
31	City Union Bank	18.00	98.69%	1.13%	0.19%	0.05%
32	RBL Bank	39.79	96.25%	1.44%	2.31%	0.27%
33	Ujjivan Small Finance Bank	18.20	98.24%	0.24%	1.51%	0.45%
34	Jammu and Kashmir Bank	18.65	98.03%	0.33%	1.63%	0.17%
35	Equitas Small Finance Bank	13.31	97.38%	2.52%	0.10%	0.01%
36	Punjab and Sind Bank	13.64	91.02%	0.21%	8.77%	0.58%
37	Kerala Gramin Bank	12.93	98.25%	0.24%	1.51%	0.55%
38	Pragathi Krishna Gramin Bank	11.58	98.38%	0.41%	1.22%	0.49%
39	CITIBANK	9.77	99.87%	0.00%	0.13%	0.14%
40	Andhra Pradesh Grameena Vikas Bank	11.32	98.92%	0.73%	0.35%	0.07%
41	DBS Bank India Limited	10.00	97.67%	1.69%	0.64%	0.04%
42	Maharashtra Gramin Bank	10.08	96.48%	0.47%	3.04%	0.24%
43	Tri O Tech Solutions Private Limited	13.24	94.13%	5.79%	0.08%	0.03%
44	Rajasthan Marudhara Gramin Bank	8.94	99.06%	0.50%	0.43%	0.08%
45	Baroda UP Gramin Bank	9.59	92.97%	0.80%	6.24%	2.18%
46	ESAF Small Finance Bank Ltd.	9.26	99.67%	0.14%	0.19%	0.23%
47	Andhra Pragathi Grameena Bank	7.09	97.79%	0.56%	1.65%	0.03%
48	Saraswat Bank	7.50	99.47%	0.34%	0.18%	0.10%
49	Sarva Haryana Gramin Bank	6.75	97.60%	0.41%	1.99%	0.51%
50	Baroda Rajasthan Kshetriya Gramin Bank	5.26	97.70%	1.07%	1.24%	0.26%

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 (Oct'23)

UPI Apps (Oct'23)
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	11.32	778.26	0.00	0.00	0.00	0.00	0.31	32.39	11.62	810.65
2	Allahabad Bank Apps	0.03	7.30	0.00	0.00	0.00	0.00	-	-	0.03	7.30
3	Amazon Pay	54.39	6,297.17	0.00	0.00	0.00	0.00	-	-	54.39	6,297.17
4	AU Small Finance Bank Apps	0.71	235.99	0.00	0.00	0.00	0.00	-	-	0.71	235.99
5	Axis Bank Apps	12.10	2,202.41	62.24	2,721.47	0.08	7.63	-	-	74.42	4,931.50
6	Bajaj Finserv	14.19	2,373.17	0.00	0.00	0.00	0.00	-	-	14.19	2,373.17
7	Bajaj Finserv PPI	0.23	48.79	0.00	0.00	0.00	0.00	-	-	0.23	48.79
8	Bank of Baroda Apps	0.93	393.21	0.00	0.00	0.00	4.28	-	-	0.93	397.49
9	Bank of India Apps	0.27	93.46	0.00	0.00	0.00	0.00	-	-	0.27	93.46
10	Bank of Maharashtra Apps	0.06	10.85	0.00	0.00	0.00	0.00	-	-	0.06	10.85
11	BHIM	25.74	8,174.71	0.00	0.00	0.00	0.00	-	-	25.74	8,174.71
12	Canara Bank Apps	2.21	665.24	0.00	0.00	0.01	0.19	-	-	2.22	665.43
13	Central Bank of India Apps	0.52	114.69	0.00	0.00	0.00	0.24	-	-	0.52	114.94
14	Citi Bank Apps	0.08	66.07	0.00	0.00	0.00	0.00	-	-	0.08	66.07
15	City Union Bank Apps	0.07	21.55	0.00	0.00	0.00	0.00	-	-	0.07	21.55
16	Cred	94.52	34,691.49	0.00	0.00	0.00	0.00	-	-	94.52	34,691.49
17	DBS Digibank Apps	0.50	197.14	0.00	0.00	0.00	0.56	-	-	0.51	197.70
18	Deutsche Bank Apps	2.37	350.45	0.00	0.00	0.00	0.02	-	-	2.37	350.47
19	Dhani PPI	0.02	1.49	0.00	0.00	0.00	0.00	-	-	0.02	1.49
20	Digikhata PPI	0.04	15.33	0.00	0.00	0.00	0.00	-	-	0.04	15.33
21	Equitas Small Finance Bank Apps	0.03	21.65	0.00	0.00	0.00	0.00	-	-	0.03	21.65
22	Fampay PPI	27.54	314.13	0.00	0.00	0.00	0.00	-	-	27.54	314.13
23	Fave	0.11	10.38	0.00	0.00	0.00	0.00	-	-	0.11	10.38
24	Federal Bank Apps	5.89	720.68	0.00	0.00	0.00	0.00	-	-	5.89	720.68
25	Fino Payments bank Apps	0.27	20.01	0.00	0.00	0.00	0.00	-	-	0.27	20.01
26	GoKiwi	0.76	79.21	0.00	0.00	0.00	0.00	-	-	0.76	79.21
27	Google Pay	4,139.92	589,299.18	0.00	0.00	0.00	0.00	-	-	4,139.92	589,299.18
28	Groww	5.89	3,354.83	0.00	0.00	0.00	0.00	-	-	5.89	3,354.83
29	HDFC Bank Apps	21.35	5,453.76	0.00	0.00	0.00	0.00	-	-	21.35	5,453.76
30	HSBC Bank Apps	0.18	105.98	0.00	0.08	0.00	0.00	-	-	0.18	106.07
31	ICICI Bank Apps	27.54	11,273.30	4.82	437.19	6.52	9,607.29	-	-	38.88	21,317.78
32	IDBI Bank Apps	0.07	36.89	0.00	0.00	0.00	0.00	-	-	0.07	36.89
33	IDFC Bank Apps	5.26	1,312.45	0.00	0.00	0.00	0.01	-	-	5.26	1,312.46
34	India Post Payments Bank Apps	5.54	464.95	0.00	0.00	0.00	0.00	-	-	5.54	464.95
35	Indian Bank Apps	0.36	90.37	0.00	0.00	0.00	20.56	-	-	0.36	110.93
36	Indian Overseas Bank Apps	0.09	23.85	0.00	0.00	0.00	0.00	-	-	0.09	23.85
37	IndusInd Bank Apps	1.07	217.98	0.00	0.00	0.00	0.00	-	-	1.07	217.98
38	Jammu and Kashmir Bank Apps	0.01	3.39	0.00	0.00	0.00	0.00	-	-	0.01	3.39
39	Jio Payments Bank Apps	1.35	112.84	0.00	0.00	0.00	0.00	-	-	1.35	112.84
40	Jupiter	4.45	571.06	0.00	0.00	0.00	0.00	-	-	4.45	571.06
41	Karnataka Bank Apps	0.69	138.58	0.00	0.00	0.00	0.00	-	-	0.69	138.58
42	Karur Vysya Bank Apps	0.04	16.95	0.00	0.00	0.00	0.00	-	-	0.04	16.95
43	Kotak Mahindra Bank Apps	23.83	4,205.76	0.00	0.00	0.00	0.00	-	-	23.83	4,205.77
44	MakeMyTrip	0.04	21.47	0.00	0.00	0.00	0.00	-	-	0.04	21.47
45	Mobikwik	4.43	1,378.88	0.00	0.00	0.00	0.00	-	-	4.43	1,378.88
46	Mobikwik PPI	0.02	2.15	0.00	0.00	0.00	0.00	-	-	0.02	2.15
47	Navi	0.53	33.92	0.00	0.00	0.00	0.00	-	-	0.53	33.92
48	NSDL Payments Bank Apps	0.04	5.79	0.00	0.00	0.00	0.00	-	-	0.04	5.79
49	Omnicard PPI	1.20	45.90	0.00	0.00	0.00	0.00	-	-	1.20	45.90
50	Paytm Payments Bank App	1,417.81	167,819.30	3.36	6.88	0.74	1,244.89	122.51	23,903.73	1,544.41	192,974.80
51	PhonePe	5,337.96	838,371.70	0.00	0.00	0.00	0.00	-	-	5,337.96	838,371.70
52	Punjab National Bank Apps	0.99	211.45	0.00	0.00	0.00	0.00	-	-	0.99	211.45
53	Punjab Sind Bank Apps	0.03	12.94	0.00	0.00	0.00	0.00	-	-	0.03	12.94
54	RBL Bank Apps	1.87	642.63	0.00	0.02	0.27	16.09	-	-	2.14	658.74
55	Samsung Pay	6.17	562.28	0.00	0.00	0.00	0.00	-	-	6.17	562.28
56	Shriram One	0.15	9.43	0.00	0.00	0.00	0.00	-	-	0.15	9.43
57	slice	1.33	340.40	0.00	0.00	0.00	0.00	-	-	1.33	340.40
58	slice PPI	0.33	18.41	0.00	0.00	0.00	0.00	-	-	0.33	18.41
59	South Indian Bank Apps	0.22	69.36	0.00	0.00	0.00	0.00	-	-	0.22	69.36
60	Standard Chartered Bank Apps	4.41	240.59	0.00	0.00	2.61	1,462.00	-	-	7.02	1,702.59
61	State Bank of India Apps	5.51	2,185.45	0.00	0.00	0.02	0.60	-	-	5.53	2,186.05
62	Tamilnad Mercantile Bank Apps	0.10	29.14	0.00	0.00	0.00	0.00	-	-	0.10	29.14
63	TataNeu	0.09	14.51	0.00	0.00	0.00	0.00	-	-	0.09	14.51
64	UCO Bank Apps	0.28	85.33	0.00	0.00	0.00	0.00	-	-	0.28	85.33
65	Ultracash	0.09	5.60	0.00	0.00	0.00	0.00	-	-	0.09	5.60
66	Union Bank Apps	0.89	360.41	0.00	0.00	0.00	0.00	-	-	0.89	360.42
67	Utkarsh Small Finance Bank Apps	0.02	7.44	0.00	0.00	0.00	0.00	-	-	0.02	7.44
68	WhatsApp	22.72	1,903.10	0.00	0.00	0.00	0.00	-	-	22.72	1,903.10
69	Yes Bank Apps	27.97	11,183.85	0.00	0.00	0.30	75.25	-	-	28.27	11,259.10
70	Others	0.06	14.29	0.00	0.00	0.00	0.00	0.00	0.00	0.06	14.29

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'23	11,408.79	17,15,768.34	4,689.42	12,73,587.62	6,719.37	4,42,180.74

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'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3691.75	98.95%	1.04%	0.00%
2	Axis Bank Ltd	2269.64	98.96%	1.03%	0.00%
3	ICICI Bank	2151.88	99.02%	0.98%	0.00%
4	Paytm Payments Bank	1439.34	98.79%	1.21%	0.00%
5	HDFC Bank Ltd	1029.19	99.05%	0.95%	0.00%
6	State Bank Of India	815.90	98.45%	1.55%	0.00%
7	Fampay (PPI)	27.98	98.46%	1.54%	0.00%
8	BHIM	27.00	95.32%	4.67%	0.01%
9	Kotak Mahindra Bank	24.19	98.52%	1.47%	0.00%
10	Airtel Payments Bank	11.53	98.13%	1.81%	0.05%
11	Standard Chartered	7.03	99.87%	0.13%	0.00%
12	Federal Bank	6.00	98.13%	1.87%	0.00%
13	India Post Payment Bank	5.62	98.67%	1.31%	0.02%
14	IDFC FIRST Bank	5.55	98.14%	1.86%	0.01%
15	RBL Bank	3.70	98.53%	1.46%	0.01%

UPI Payee PSP Performance (Oct'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3874.42	99.74%	0.25%	0.01%
2	Paytm Payments Bank	2868.53	99.60%	0.39%	0.01%
3	ICICI Bank	1324.05	99.36%	0.61%	0.04%
4	Axis Bank Ltd	1274.76	99.56%	0.40%	0.04%
5	HDFC Bank Ltd	644.52	99.37%	0.62%	0.01%
6	State Bank Of India	498.49	99.21%	0.69%	0.10%
7	Federal Bank	208.16	95.46%	4.54%	0.00%
8	IndusInd Bank	69.70	98.31%	0.88%	0.81%
9	Kotak Mahindra Bank	40.33	99.36%	0.51%	0.13%
10	IDFC FIRST Bank	26.91	99.26%	0.46%	0.28%
11	RBL Bank	22.18	96.42%	2.94%	0.64%
12	Indian Bank	21.13	99.45%	0.51%	0.04%
13	Canara Bank	19.83	96.88%	3.07%	0.05%
14	Airtel Payments Bank	19.09	99.49%	0.13%	0.38%
15	Cosmos Bank	16.44	98.00%	1.73%	0.27%

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 - Oct 23

UPI Merchant Category-wise Classification - Oct'23
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
	5814	Fast food restaurants
	5311	Department stores
	5541	Service stations (with or without ancillary services)
	5816	Digital Goods: Games
	5912	Drug stores and pharmacies
	5462	Bakeries
	4900	Utilities electric, gas, water and sanitary
Medium Transacting Categories	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	5451	Dairies
	7299	Miscellaneous personal services not elsewhere classified
	7322	Debt collection agencies
	6012	Financial institutions merchandise and services
	6540	Debit card to wallet credit (Wallet top up)
	5137	Mens, womens and childrens uniforms and commercial clothing
	5441	Candy, nut and confectionery shops
	5732	Electronics shops
	5422	Freezer and locker meat provisioners
All Other Categories	5993	Cigar shops and stands
	7230	Beauty and barber shops
	5399	Miscellaneous general merchandise
	5722	Household appliance shops
	6211	Securities brokers and dealers
	5262	Household appliance shops
	9399	Government services not elsewhere classified
	4121	Taxi-cabs and limousines
	4214	Motor freight carriers and trucking local and long distance, moving and storag
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Sep'23)

UPI Remitter Banks - Top 50 Banks (Sep'23)
Sr. No.	UPI Remitter Banks (Sep-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank of India	2730.35	95.55%	4.19%	0.26%	9.45	96%
2	HDFC BANK LTD	912.87	95.78%	3.66%	0.56%	3.55	81%
3	Bank of Baroda	681.10	94.47%	5.18%	0.35%	2.13	92%
4	Union Bank of India	657.95	94.38%	4.46%	1.16%	3.26	59%
5	Punjab National Bank	526.67	95.01%	4.75%	0.24%	1.83	95%
6	Kotak Mahindra Bank	501.84	94.49%	5.18%	0.33%	1.17	91%
7	ICICI Bank	484.28	96.33%	3.27%	0.40%	1.43	80%
8	Canara Bank	486.91	94.38%	5.24%	0.38%	1.74	81%
9	Axis Bank Ltd.	486.35	96.27%	3.58%	0.15%	1.10	90%
10	Paytm Payments Bank	426.45	96.30%	3.67%	0.03%	0.57	94%
11	Bank of India	340.89	95.80%	3.95%	0.25%	1.06	81%
12	Indian Bank	294.13	91.03%	4.47%	4.50%	3.30	65%
13	Airtel Payments Bank	258.59	91.11%	8.69%	0.20%	0.80	0%
14	India Post Payment Bank	203.54	82.83%	14.35%	2.82%	0.92	72%
15	Federal Bank	162.00	95.55%	4.41%	0.04%	0.34	97%
16	Central Bank of India	159.29	88.16%	8.99%	2.85%	2.10	68%
17	Indian Overseas Bank	138.04	93.73%	4.48%	1.79%	0.69	81%
18	UCO Bank	135.33	90.15%	5.19%	4.65%	2.02	46%
19	IDBI Bank Limited	123.74	95.55%	3.73%	0.71%	0.60	87%
20	Bank of Maharashtra	114.21	93.20%	4.99%	1.81%	0.60	59%
21	INDUSIND BANK	103.02	92.10%	6.11%	1.79%	0.53	64%
22	Fino Payments Bank Limited FIP	96.47	84.96%	13.10%	1.94%	0.39	68%
23	Yes Bank Ltd	86.02	95.48%	4.30%	0.22%	0.16	91%
24	Karnataka Bank	83.65	93.99%	5.47%	0.54%	0.17	91%
25	IDFC FIRST Bank	63.89	94.98%	4.84%	0.18%	0.21	72%
26	Karur Vysya Bank	52.38	93.73%	5.94%	0.33%	0.17	94%
27	Bandhan Bank	43.57	94.86%	4.72%	0.42%	0.21	70%
28	South Indian Bank	43.14	95.22%	4.17%	0.62%	0.17	84%
29	Jammu and Kashmir Bank	37.82	91.00%	5.72%	3.28%	0.42	2%
30	City Union Bank	31.47	93.35%	6.24%	0.41%	0.10	92%
31	Ujjivan Small Finance Bank	31.20	93.70%	5.70%	0.60%	0.10	77%
32	AU small Finance Bank	30.84	95.20%	4.54%	0.25%	0.11	91%
33	Tamilnad Mercantile Bank	27.64	93.01%	5.04%	1.95%	0.12	51%
34	Punjab and Sind Bank	27.65	91.97%	7.62%	0.41%	0.13	89%
35	Equitas Bank	25.82	91.63%	8.28%	0.09%	0.07	98%
36	Standard Chartered	23.69	95.03%	2.64%	2.33%	0.15	59%
37	DBS Bank India Limited	23.25	95.86%	4.02%	0.12%	0.05	81%
38	Tri O Tech Solutions Private Limited	22.88	100.00%	0.00%	0.00%	0.00	NA
39	Andhra Pradesh Grameena Vikas Bank	21.39	86.26%	11.63%	2.11%	0.13	42%
40	Kerala Gramin Bank	20.53	90.84%	8.06%	1.10%	0.10	61%
41	Pragathi Krishna Gramin Bank	19.97	90.54%	7.96%	1.50%	0.15	39%
42	Maharashtra Gramin Bank	19.60	83.93%	12.09%	3.98%	0.08	54%
43	Citibank	18.87	96.48%	3.09%	0.43%	0.06	97%
44	Saraswat Bank	18.79	96.71%	3.06%	0.23%	0.05	90%
45	Rajasthan Marudhara Gramin Bank	16.66	86.17%	11.82%	2.01%	0.08	56%
46	ESAF Small Finance Bank Ltd.	16.56	93.67%	5.28%	1.05%	0.06	68%
47	Baroda UP Gramin Bank	16.05	75.61%	11.53%	12.86%	0.53	22%
48	Fincare Small Finance Bank Ltd	13.91	85.87%	11.79%	2.34%	0.11	51%
49	RBL Bank	13.31	88.49%	6.83%	4.68%	0.17	50%
50	Sarva Haryana Gramin Bank	13.27	92.84%	6.80%	0.36%	0.04	95%

UPI Top 50 Banks Performance (Sep'23)

UPI Beneficiary Banks - Top 50 Banks (Sep'23)
Sr.No.	UPI Beneficiary Banks (Sep-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	2482.89	99.87%	0.12%	0.01%	0.01%
2	Yes Bank Ltd	2018.40	99.98%	0.02%	0.00%	0.00%
3	State Bank Of India	1118.01	99.62%	0.18%	0.20%	0.04%
4	Axis Bank Ltd.	731.82	99.35%	0.35%	0.30%	0.12%
5	ICICI Bank	625.87	99.49%	0.40%	0.11%	0.03%
6	HDFC BANK LTD	508.57	99.04%	0.56%	0.40%	0.15%
7	Bank of Baroda	301.81	99.36%	0.34%	0.30%	0.07%
8	Union Bank of India	292.91	99.21%	0.18%	0.61%	0.13%
9	Federal Bank	248.34	99.75%	0.25%	0.00%	0.00%
10	Punjab National Bank	236.23	99.44%	0.42%	0.14%	0.06%
11	Canara Bank	234.42	99.35%	0.43%	0.22%	0.12%
12	Kotak Mahindra Bank	215.88	99.38%	0.45%	0.16%	0.13%
13	Bank of India	162.61	99.58%	0.23%	0.19%	0.08%
14	Indian Bank	159.64	95.86%	0.71%	3.43%	0.62%
15	Airtel Payments Bank	141.03	99.18%	0.63%	0.19%	0.12%
16	INDUSIND BANK	102.49	98.14%	0.26%	1.60%	0.88%
17	India Post Payment Bank	87.55	98.04%	0.42%	1.55%	0.16%
18	Central Bank Of India	78.85	97.57%	0.55%	1.88%	0.61%
19	Indian Overseas Bank	66.65	97.73%	0.42%	1.85%	0.39%
20	UCO Bank	63.35	95.99%	0.80%	3.20%	0.51%
21	IDFC FIRST Bank	57.22	99.11%	0.82%	0.07%	0.00%
22	IDBI Bank Limited	56.22	99.30%	0.45%	0.26%	0.13%
23	Fino Payments Bank Limited FIP	50.15	98.01%	0.64%	1.35%	0.07%
24	Bank of Maharashtra	45.61	98.10%	0.30%	1.60%	0.28%
25	Karnataka Bank	37.09	98.79%	0.60%	0.62%	0.01%
26	RBL bank	30.68	98.28%	0.30%	1.42%	0.37%
27	Karur Vysya Bank	29.51	99.30%	0.44%	0.26%	0.06%
28	South Indian Bank	27.40	99.35%	0.21%	0.44%	0.13%
29	Bandhan Bank	26.60	98.66%	0.09%	1.25%	0.16%
30	AU small Finance Bank	21.31	98.80%	1.08%	0.13%	0.08%
31	Tamilnad Mercantile Bank	17.86	97.78%	0.23%	1.98%	0.21%
32	Jammu and Kashmir Bank	17.29	97.87%	0.32%	1.80%	0.24%
33	City Union Bank	16.95	98.64%	1.01%	0.35%	0.06%
34	Ujjivan Small Finance Bank	16.46	99.24%	0.33%	0.42%	0.15%
35	Punjab and Sind Bank	12.67	99.39%	0.18%	0.42%	0.07%
36	Equitas Small Finance Bank	12.19	97.65%	2.02%	0.32%	0.02%
37	Kerala Gramin Bank	11.77	99.15%	0.23%	0.62%	0.33%
38	Tri O Tech Solutions Private Limited	11.15	94.21%	5.50%	0.29%	0.11%
39	Pragathi Krishna Gramin Bank	10.87	98.97%	0.41%	0.62%	0.48%
40	Andhra Pradesh Grameena Vikas Bank	10.36	97.88%	1.11%	1.01%	0.28%
41	CITIBank	9.77	99.83%	0.00%	0.17%	0.16%
42	Maharashtra Gramin Bank	9.40	96.10%	0.26%	3.64%	0.17%
43	DBS Bank India Limited	9.38	98.63%	1.27%	0.10%	0.08%
44	Baroda UP Gramin Bank	9.10	89.40%	0.83%	9.77%	2.84%
45	ESAF Small Finance Bank Ltd.	8.66	99.40%	0.03%	0.57%	0.42%
46	Rajasthan Marudhara Gramin Bank	8.47	97.95%	0.81%	1.24%	0.18%
47	Saraswat Bank	6.90	99.62%	0.22%	0.17%	0.10%
48	Andhra Pragathi Grameena Bank	6.67	96.00%	0.55%	3.45%	0.09%
49	Fincare Small Finance Bank Ltd	6.23	94.85%	3.45%	1.70%	0.42%
50	Sarva Haryana Gramin Bank	6.22	99.13%	0.42%	0.45%	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 (Sep'23)

UPI Apps (Sep'23)
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	PhonePe	4,972.81	774,845.98	0.00	0.00	0.00	0.00	0.00	0.00	4,972.81	774,845.98
2	Google Pay	3,780.89	541,624.06	0.00	0.00	0.00	0.00	0.00	0.00	3,780.89	541,624.06
3	Paytm Payments Bank App	1,333.38	153,708.60	3.47	8.06	0.58	935.71	114.56	22,213.09	1,451.99	176,865.46
4	Cred	86.50	31,558.20	0.00	0.00	0.00	0.00	0.00	0.00	86.50	31,558.20
5	Axis Bank Apps	8.93	1,721.75	59.77	1,856.50	0.06	6.66	0.00	0.00	68.76	3,584.91
6	Amazon Pay	48.78	5,386.29	0.00	0.00	0.00	0.00	0.00	0.00	48.78	5,386.29
7	ICICI Bank Apps	25.90	9,874.70	4.05	359.88	7.58	9,818.34	0.00	0.00	37.52	20,052.91
8	Yes Bank Apps	28.09	10,794.85	0.00	0.00	0.41	53.11	0.00	0.00	28.49	10,847.96
9	BHIM	24.15	8,005.18	0.00	0.00	0.00	0.00	0.00	0.00	24.15	8,005.18
10	FAM	22.88	263.37	0.00	0.00	0.00	0.00	0.00	0.00	22.88	263.37
11	Kotak Mahindra Bank Apps	21.57	3,737.25	0.00	0.00	0.00	0.01	0.00	0.00	21.57	3,737.26
12	WhatsApp	20.55	1,732.15	0.00	0.00	0.00	0.00	0.00	0.00	20.55	1,732.15
13	HDFC Bank Apps	18.87	4,739.38	0.00	0.00	0.00	0.00	0.00	0.00	18.87	4,739.39
14	Bajaj Finserv	14.14	2,069.98	0.00	0.00	0.00	0.00	0.00	0.00	14.14	2,069.98
15	Airtel Payments Bank Apps	10.45	747.05	0.00	0.00	0.00	0.04	0.00	0.12	10.46	747.21
16	Groww	6.50	3,596.95	0.00	0.00	0.00	0.00	0.00	0.00	6.50	3,596.95
17	Samsung Pay	5.81	528.20	0.00	0.00	0.00	0.00	0.00	0.00	5.81	528.20
18	Federal Bank Apps	5.54	692.03	0.00	0.00	0.00	0.00	0.00	0.00	5.54	692.03
19	State Bank of India Apps	5.40	2,130.26	0.00	0.00	0.02	0.64	0.00	0.00	5.42	2,130.89
20	India Post Payments Bank Apps	5.28	447.37	0.00	0.00	0.00	0.00	0.00	0.00	5.28	447.37
21	IDFC Bank Apps	4.42	1,109.67	0.00	0.00	0.00	0.00	0.00	0.00	4.42	1,109.67
22	Jupiter	4.05	529.64	0.00	0.00	0.00	0.00	0.00	0.00	4.05	529.64
23	Mobikwik	3.92	1,182.65	0.00	0.00	0.00	0.00	0.00	0.00	3.92	1,182.65
24	Standard Chartered Bank Apps	1.72	148.27	0.00	0.00	0.31	182.94	0.00	0.00	2.03	331.21
25	Deutsche Bank Apps	1.93	315.27	0.00	0.00	0.00	0.02	0.00	0.00	1.93	315.29
26	Canara Bank Apps	1.89	569.48	0.00	0.00	0.00	0.00	0.00	0.00	1.89	569.48
27	RBL Bank Apps	1.34	565.87	0.00	0.00	0.26	9.74	0.00	0.00	1.60	575.61
28	Jio Payments Bank Apps	1.44	108.84	0.00	0.00	0.00	0.00	0.00	0.00	1.44	108.84
29	Bank of Baroda Apps	1.22	470.91	0.00	0.00	0.00	5.52	0.00	0.00	1.22	476.43
30	slice	1.06	310.90	0.00	0.00	0.00	0.00	0.00	0.00	1.06	310.90
31	Punjab National Bank Apps	1.00	197.93	0.00	0.00	0.00	0.00	0.00	0.00	1.00	197.93
32	OMNI	0.98	36.12	0.00	0.00	0.00	0.00	0.00	0.00	0.98	36.12
33	IndusInd Bank Apps	0.89	182.26	0.00	0.00	0.00	0.00	0.00	0.00	0.89	182.26
34	Union Bank Apps	0.87	324.39	0.00	0.00	0.00	0.00	0.00	0.00	0.87	324.39
35	AU Small Finance Bank Apps	0.66	214.25	0.00	0.00	0.00	0.00	0.00	0.00	0.66	214.25
36	GOAXB	0.64	74.94	0.00	0.00	0.00	0.00	0.00	0.00	0.64	74.94
37	Karnataka Bank Apps	0.62	125.70	0.00	0.00	0.00	0.00	0.00	0.00	0.62	125.70
38	DBS Digibank Apps	0.45	178.89	0.00	0.00	0.00	0.53	0.00	0.00	0.45	179.42
39	Central Bank of India Apps	0.40	94.84	0.00	0.00	0.00	0.38	0.00	0.00	0.40	95.22
40	UCO Bank Apps	0.37	127.06	0.00	0.00	0.00	0.00	0.00	0.00	0.37	127.06
41	Indian Bank Apps	0.32	89.16	0.00	0.00	0.01	60.16	0.00	0.00	0.33	149.32
42	Bank of India Apps	0.28	86.17	0.00	0.00	0.00	0.00	0.00	0.00	0.28	86.17
43	NAVIAXIS	0.27	17.75	0.00	0.00	0.00	0.00	0.00	0.00	0.27	17.75
44	South Indian Bank Apps	0.26	72.90	0.00	0.00	0.00	0.00	0.00	0.00	0.26	72.90
45	Fino Payments bank Apps	0.22	15.99	0.00	0.00	0.00	0.00	0.00	0.00	0.22	15.99
46	BPAYWALLET	0.19	42.31	0.00	0.00	0.00	0.00	0.00	0.00	0.19	42.31
47	HSBC Bank Apps	0.16	101.08	0.00	0.12	0.00	0.00	0.00	0.00	0.16	101.20
48	Tamilnad Mercantile Bank Apps	0.10	26.99	0.00	0.00	0.00	0.00	0.00	0.00	0.10	26.99
49	TataNeu	0.09	14.82	0.00	0.00	0.00	0.00	0.00	0.00	0.09	14.82
50	Fave	0.09	6.34	0.00	0.00	0.00	0.00	0.00	0.00	0.09	6.34
51	Ultracash	0.08	4.77	0.00	0.00	0.00	0.00	0.00	0.00	0.08	4.77
52	Citi Bank Apps	0.08	61.34	0.00	0.00	0.00	0.00	0.00	0.00	0.08	61.34
53	INDIE	0.07	16.09	0.00	0.00	0.00	0.00	0.00	0.00	0.07	16.09
54	Indian Overseas Bank Apps	0.07	19.12	0.00	0.00	0.00	0.00	0.00	0.00	0.07	19.12
55	City Union Bank Apps	0.07	20.60	0.00	0.00	0.00	0.00	0.00	0.00	0.07	20.60
56	IDBI Bank Apps	0.06	32.31	0.00	0.00	0.00	0.00	0.00	0.00	0.06	32.31
57	Bank of Maharashtra Apps	0.05	8.55	0.00	0.00	0.00	0.00	0.00	0.00	0.05	8.55
58	Karur Vysya Bank Apps	0.04	15.87	0.00	0.00	0.00	0.00	0.00	0.00	0.04	15.87
59	MakeMyTrip	0.04	21.32	0.00	0.00	0.00	0.00	0.00	0.00	0.04	21.32
60	SHRIRAM	0.03	2.80	0.00	0.00	0.00	0.00	0.00	0.00	0.03	2.80
61	NSDL Payments Bank Apps	0.03	5.78	0.00	0.00	0.00	0.00	0.00	0.00	0.03	5.78
62	Equitas Small Finance Bank Apps	0.03	19.39	0.00	0.00	0.00	0.00	0.00	0.00	0.03	19.39
63	DIGIKHATA	0.03	10.80	0.00	0.00	0.00	0.00	0.00	0.00	0.03	10.80
64	SLICE	0.03	3.80	0.00	0.00	0.00	0.00	0.00	0.00	0.03	3.80
65	Allahabad Bank Apps	0.03	7.15	0.00	0.00	0.00	0.00	0.00	0.00	0.03	7.15
66	Punjab Sind Bank Apps	0.03	12.32	0.00	0.00	0.00	0.00	0.00	0.00	0.03	12.32
67	DHANI	0.02	2.58	0.00	0.00	0.00	0.00	0.00	0.00	0.02	2.58
68	Utkarsh Small Finance Bank Apps	0.02	6.63	0.00	0.00	0.00	0.00	0.00	0.00	0.02	6.63
69	Jammu and Kashmir Bank Apps	0.01	2.56	0.00	0.00	0.00	0.00	0.00	0.00	0.01	2.56
70	Dhanlaxmi Bank Apps	0.01	3.46	0.00	0.00	0.00	0.00	0.00	0.00	0.01	3.46
71	GoIbibo	0.01	2.34	0.00	0.00	0.00	0.00	0.00	0.00	0.01	2.34
72	Others	0.06	10.18	0.00	0.00	0.00	0.06	0.00	0.00	0.06	10.25

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)
Sep'23	10,555.69	15,79,133.18	4,373.12	11,82,916.93	6,181.57	3,96,216.25

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 (Sep'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3454.56	98.37%	1.61%	0.02%
2	Axis Bank Ltd	2052.67	98.49%	1.49%	0.02%
3	ICICI Bank	1889.52	98.30%	1.68%	0.02%
4	Paytm Payments Bank	1353.31	98.49%	1.49%	0.02%
5	HDFC Bank Ltd	901.08	98.40%	1.57%	0.03%
6	State Bank Of India	889.49	98.86%	1.12%	0.02%
7	BHIM	25.28	91.38%	8.58%	0.04%
8	Fampay (PPI)	23.20	96.59%	3.41%	0.00%
9	Kotak Mahindra Bank	21.92	95.48%	4.35%	0.17%
10	Airtel Payments Bank	10.66	94.93%	5.06%	0.01%
11	Federal Bank	5.63	97.16%	2.82%	0.02%
12	India Post Payment Bank	5.35	93.65%	6.31%	0.04%
13	IDFC FIRST Bank	4.67	95.37%	4.03%	0.60%
14	RBL Bank	2.71	99.95%	0.05%	0.00%
15	Standard Chartered	2.04	98.55%	1.43%	0.02%

UPI Payee PSP Performance (Sep'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3576.59	99.77%	0.22%	0.01%
2	Paytm Payments Bank	2642.59	99.53%	0.45%	0.02%
3	ICICI Bank	1226.53	99.53%	0.44%	0.03%
4	Axis Bank Ltd	1164.83	99.53%	0.45%	0.02%
5	HDFC Bank Ltd	581.25	99.09%	0.79%	0.12%
6	State Bank Of India	498.93	99.38%	0.56%	0.06%
7	Federal Bank	184.36	98.31%	1.69%	0.00%
8	IndusInd Bank	51.09	97.45%	1.93%	0.62%
9	Kotak Mahindra Bank	35.54	99.49%	0.43%	0.08%
10	IDFC FIRST Bank	33.96	98.99%	0.62%	0.39%
11	Indian Bank	20.95	97.78%	1.46%	0.76%
12	Fino Payments Bank	18.20	99.70%	0.17%	0.13%
13	Canara Bank	16.64	99.70%	0.28%	0.03%
14	RBL Bank	16.57	96.56%	2.83%	0.61%
15	Cosmos Bank	15.53	97.35%	1.92%	0.73%

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 - Sep 23

UPI Merchant Category-wise Classification - Sep'23
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
	5814	Fast food restaurants
	5311	Department stores
	5541	Service stations (with or without ancillary services)
	5816	Digital Goods: Games
	5912	Drug stores and pharmacies
	5462	Bakeries
	4900	Utilities electric, gas, water and sanitary
Medium Transacting Categories	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	5451	Dairies
	7299	Miscellaneous personal services not elsewhere classified
	6540	Debit card to wallet credit (Wallet top up)
	7322	Debt collection agencies
	6012	Financial institutions merchandise and services
	5441	Candy, nut and confectionery shops
	5137	Mens, womens and childrens uniforms and commercial clothing
	5993	Cigar shops and stands
	5422	Freezer and locker meat provisioners
All Other Categories	5732	Electronics shops
	5399	Miscellaneous general merchandise
	7230	Beauty and barber shops
	6211	Securities brokers and dealers
	9399	Government services not elsewhere classified
	5722	Household appliance shops
	4121	Taxi-cabs and limousines
	5943	Cigar shops and stands
	4899	Cable and other pay television services
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Aug'23)

UPI Remitter Banks - Top 50 Banks (Aug'23)
Sr. No.	UPI Remitter Banks (Aug-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	2707.09	95.05%	4.22%	0.73%	12.89	93%
2	HDFC BANK LTD	933.63	95.83%	4.03%	0.15%	2.83	94%
3	Bank of Baroda	695.99	93.18%	5.19%	1.63%	2.49	80%
4	Union Bank of India	662.03	94.81%	4.20%	1.00%	3.42	64%
5	Punjab National Bank	518.59	94.33%	4.52%	1.15%	2.54	88%
6	ICICI Bank	508.79	96.20%	3.10%	0.71%	2.13	85%
7	Kotak Mahindra Bank	498.97	94.82%	5.13%	0.05%	1.25	85%
8	Axis Bank Ltd.	490.64	96.24%	3.56%	0.20%	1.56	61%
9	Canara Bank	487.59	94.49%	4.98%	0.53%	1.89	84%
10	Paytm Payments Bank	455.52	96.43%	3.54%	0.02%	0.54	98%
11	Bank of India	344.29	95.67%	3.89%	0.45%	1.16	81%
12	Indian Bank	291.98	95.21%	4.45%	0.33%	0.94	76%
13	Airtel Payments Bank	248.48	90.47%	8.74%	0.79%	0.86	1%
14	India Post Payment Bank	194.45	85.69%	11.86%	2.46%	0.82	71%
15	Federal Bank	166.08	95.08%	4.52%	0.39%	0.41	85%
16	Central Bank Of India	162.66	88.74%	9.13%	2.13%	1.96	76%
17	Indian Overseas Bank	139.00	93.84%	4.49%	1.67%	0.89	83%
18	UCO Bank	130.70	94.20%	4.91%	0.88%	0.75	47%
19	IDBI Bank Limited	125.88	94.14%	3.70%	2.16%	0.72	79%
20	Bank of Maharashtra	116.36	94.33%	5.13%	0.54%	0.37	79%
21	INDUSIND BANK	103.58	91.60%	5.32%	3.08%	1.00	41%
22	Fino Payments Bank Limited FIP	94.61	84.39%	14.35%	1.26%	0.34	72%
23	Yes Bank Ltd	86.57	95.43%	4.43%	0.14%	0.19	75%
24	Karnataka Bank	84.56	93.78%	5.37%	0.86%	0.18	82%
25	IDFC FIRST Bank	64.37	93.77%	5.51%	0.71%	0.30	50%
26	Karur Vysya Bank	52.31	93.73%	6.02%	0.25%	0.13	83%
27	South Indian Bank	43.92	96.05%	3.94%	0.02%	0.07	97%
28	Bandhan Bank	42.73	94.35%	4.70%	0.96%	0.23	61%
29	Jammu and Kashmir Bank	35.95	92.35%	5.88%	1.77%	0.21	1%
30	City Union Bank	31.40	93.30%	6.15%	0.54%	0.12	81%
31	AU small Finance Bank	31.04	95.27%	4.69%	0.04%	0.09	97%
32	Ujjivan Small Finance Bank	31.03	93.60%	5.73%	0.67%	0.14	56%
33	Punjab and Sind Bank	27.25	88.89%	6.64%	4.48%	0.36	36%
34	Tamilnad Mercantile Bank	27.10	94.32%	5.38%	0.29%	0.05	88%
35	Equitas Small Finance Bank	26.39	91.08%	8.55%	0.37%	0.07	97%
36	Standard Chartered	25.80	96.46%	2.13%	1.41%	0.10	56%
37	DBS Bank India Limited	23.99	95.34%	4.09%	0.57%	0.08	64%
38	Andhra Pradesh Grameena Vikas Bank	21.67	85.93%	11.66%	2.40%	0.11	57%
39	Kerala Gramin Bank	21.45	87.49%	7.82%	4.70%	0.35	36%
40	Pragathi Krishna Gramin Bank	20.54	88.05%	10.31%	1.63%	0.13	71%
41	Tri O Tech Solutions Private Limited	20.27	100.00%	0.00%	0.00%	0.00	NA
42	Maharashtra Gramin Bank	19.77	84.80%	12.66%	2.54%	0.05	77%
43	Citibank	19.62	96.15%	3.31%	0.53%	0.07	98%
44	Saraswat Bank	19.25	96.12%	3.05%	0.83%	0.07	72%
45	Rajasthan Marudhara Gramin Bank	17.16	85.32%	11.34%	3.33%	0.10	46%
46	ESAF Small Finance Bank Ltd.	16.63	92.99%	5.08%	1.93%	0.07	64%
47	Baroda UP Gramin Bank	15.76	74.78%	10.85%	14.36%	0.54	33%
48	RBL Bank	13.67	87.20%	9.24%	3.56%	0.13	69%
49	Fincare Small Finance Bank Ltd	13.25	86.13%	11.59%	2.28%	0.11	45%
50	Sarva Haryana Gramin Bank	12.81	90.66%	6.73%	2.61%	0.11	36%

UPI Top 50 Banks Performance (Aug'23)

UPI Beneficiary Banks - Top 50 Banks (Aug'23)
Sr.No.	UPI Beneficiary Banks (Aug-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	2505.70	99.82%	0.13%	0.05%	0.00%
2	Yes Bank Ltd	1789.49	99.91%	0.02%	0.07%	0.01%
3	State Bank Of India	1114.59	99.09%	0.18%	0.73%	0.25%
4	Axis Bank Ltd.	733.96	99.81%	0.13%	0.06%	0.07%
5	ICICI Bank	630.09	99.33%	0.31%	0.36%	0.16%
6	HDFC BANK LTD	530.64	99.33%	0.59%	0.08%	0.07%
7	Bank of Baroda	308.67	98.24%	0.17%	1.59%	0.17%
8	Union Bank of India	295.91	99.30%	0.16%	0.54%	0.21%
9	Federal Bank	246.28	99.62%	0.25%	0.13%	0.01%
10	Punjab National Bank	234.84	98.38%	0.46%	1.16%	0.23%
11	Canara Bank	235.33	99.22%	0.42%	0.36%	0.15%
12	Kotak Mahindra Bank	215.21	99.53%	0.43%	0.03%	0.03%
13	Bank of India	164.10	99.36%	0.26%	0.38%	0.10%
14	Indian Bank	162.00	99.51%	0.42%	0.07%	0.09%
15	Airtel Payments Bank	135.79	99.00%	0.40%	0.60%	0.24%
16	INDUSIND BANK	102.79	97.34%	0.21%	2.45%	0.67%
17	India Post Payment Bank	85.70	98.52%	0.43%	1.05%	0.29%
18	Central Bank Of India	80.15	98.45%	0.58%	0.96%	0.50%
19	Indian Overseas Bank	66.68	98.56%	0.34%	1.10%	0.48%
20	UCO Bank	61.82	98.75%	0.77%	0.49%	0.11%
21	IDBI Bank Limited	57.26	97.73%	0.43%	1.84%	0.23%
22	Bank of Maharashtra	46.19	99.26%	0.23%	0.51%	0.14%
23	Fino Payments Bank Limited FIP	47.49	97.86%	1.27%	0.87%	0.07%
24	Karnataka Bank	37.71	98.54%	0.56%	0.90%	0.04%
25	IDFC FIRST Bank	54.42	98.71%	0.70%	0.59%	0.22%
26	Karur Vysya Bank	29.53	99.38%	0.40%	0.22%	0.08%
27	South Indian Bank	27.99	99.71%	0.22%	0.07%	0.01%
28	Bandhan Bank	26.00	98.68%	0.10%	1.22%	0.18%
29	AU small Finance Bank	21.75	98.71%	1.20%	0.08%	0.02%
30	Tamilnad Mercantile Bank	17.43	99.52%	0.19%	0.29%	0.01%
31	City Union Bank	16.91	98.87%	0.77%	0.36%	0.08%
32	RBL Bank	26.86	98.41%	0.39%	1.20%	0.25%
33	Ujjivan Small Finance Bank	16.59	99.16%	0.31%	0.53%	0.21%
34	Jammu and Kashmir Bank	16.76	98.56%	0.33%	1.11%	0.16%
35	Equitas Small Finance Bank	12.42	97.48%	2.08%	0.45%	0.01%
36	Punjab and Sind Bank	12.65	96.48%	0.18%	3.33%	0.67%
37	Kerala Gramin Bank	12.41	96.61%	0.20%	3.19%	1.41%
38	Pragathi Krishna Gramin Bank	10.90	99.04%	0.34%	0.61%	0.47%
39	CITIBank	10.05	99.83%	0.00%	0.17%	0.13%
40	Andhra Pradesh Grameena Vikas Bank	10.26	98.47%	0.62%	0.91%	0.11%
41	DBS Bank India Limited	9.69	98.22%	1.22%	0.56%	0.29%
42	Maharashtra Gramin Bank	9.26	98.64%	0.27%	1.09%	0.17%
43	Tri O Tech Solutions Private Limited	9.92	93.95%	5.82%	0.23%	0.06%
44	Rajasthan Marudhara Gramin Bank	8.71	97.80%	0.50%	1.70%	0.21%
45	Baroda UP Gramin Bank	9.26	88.47%	0.81%	10.73%	2.73%
46	ESAF Small Finance Bank Ltd.	8.84	98.73%	0.03%	1.24%	0.39%
47	Andhra Pragathi Grameena Bank	6.49	97.89%	0.36%	1.74%	0.03%
48	Saraswat Bank	7.12	99.11%	0.20%	0.69%	0.18%
49	Sarva Haryana Gramin Bank	5.95	97.17%	0.48%	2.34%	0.38%
50	Baroda Rajasthan Kshetriya Gramin Bank	5.64	95.32%	2.63%	2.05%	0.53%

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'23)

UPI Apps (Aug'23)
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	PhonePe	4987.33	775265.57	0.00	0.00	0.00	0.00	0.00	0.00	4987.33	775265.57
2	Google Pay	3767.68	538113.42	0.00	0.00	0.00	0.00	0.00	0.00	3767.68	538113.42
3	Paytm Payments Bank App	1363.05	153577.58	1.86	5.06	0.59	939.00	119.32	22282.87	1484.82	176804.51
4	Cred	85.13	31926.20	0.00	0.00	0.00	0.00	0.00	0.00	85.13	31926.20
5	Axis Bank Apps	9.37	1753.27	60.00	1275.96	0.05	7.88	0.00	0.00	69.43	3037.11
6	Amazon Pay	54.02	5836.99	0.00	0.00	0.00	0.00	0.00	0.00	54.02	5836.99
7	ICICI Bank Apps	25.85	9721.96	4.29	333.25	8.42	10943.90	0.00	0.00	38.57	20999.12
8	Yes Bank Apps	28.51	11154.68	0.00	0.00	0.44	100.09	0.00	0.00	28.94	11254.77
9	BHIM	24.61	7793.58	0.00	0.00	0.00	0.00	0.00	0.00	24.61	7793.58
10	Kotak Mahindra Bank Apps	21.16	3675.16	0.00	0.00	0.01	2.88	0.00	0.00	21.17	3678.04
11	FAM	20.27	235.89	0.00	0.00	0.00	0.00	0.00	0.00	20.27	235.89
12	WhatsApp	19.70	1677.53	0.00	0.00	0.00	0.00	0.00	0.00	19.70	1677.53
13	HDFC Bank Apps	18.94	4671.76	0.00	0.00	0.00	0.00	0.00	0.00	18.94	4671.76
14	Bajaj Finserv	13.22	1995.11	0.00	0.00	0.00	0.00	0.00	0.00	13.22	1995.11
15	Airtel Payments Bank Apps	10.20	699.21	0.00	0.00	0.00	0.00	0.00	0.06	10.20	699.27
16	Samsung Pay	6.00	538.48	0.00	0.00	0.00	0.00	0.00	0.00	6.00	538.48
17	Federal Bank Apps	5.70	700.65	0.00	0.00	0.00	0.01	0.00	0.00	5.70	700.66
18	India Post Payments Bank Apps	5.56	498.37	0.00	0.00	0.00	0.00	0.00	0.00	5.56	498.37
19	State Bank of India Apps	5.36	2104.14	0.00	0.00	0.02	0.67	0.00	0.00	5.39	2104.81
20	Groww	4.74	2911.09	0.00	0.00	0.00	0.00	0.00	0.00	4.74	2911.09
21	IDFC Bank Apps	4.36	1107.81	0.00	0.00	0.00	0.00	0.00	0.00	4.36	1107.81
22	Mobikwik	3.96	1203.54	0.00	0.00	0.00	0.00	0.00	0.00	3.96	1203.54
23	Jupiter	3.94	500.95	0.00	0.00	0.00	0.00	0.00	0.00	3.94	500.95
24	Standard Chartered Bank Apps	3.31	369.55	0.00	0.00	0.28	144.89	0.00	0.00	3.59	514.44
25	Deutsche Bank Apps	2.08	359.84	0.00	0.00	0.00	0.01	0.00	0.00	2.08	359.86
26	Canara Bank Apps	1.64	492.29	0.00	0.00	0.00	0.00	0.00	0.00	1.64	492.29
27	Jio Payments Bank Apps	1.42	113.65	0.00	0.00	0.00	0.00	0.00	0.00	1.42	113.65
28	RBL Bank Apps	1.20	540.67	0.00	0.02	0.19	7.62	0.00	0.00	1.38	548.31
29	Bank of Baroda Apps	1.27	462.61	0.00	0.00	0.00	4.23	0.00	0.00	1.27	466.84
30	slice	0.96	306.89	0.00	0.00	0.00	0.00	0.00	0.00	0.96	306.89
31	Union Bank Apps	0.90	324.77	0.00	0.00	0.00	0.00	0.00	0.00	0.90	324.77
32	Punjab National Bank Apps	0.86	179.75	0.00	0.00	0.00	0.00	0.00	0.00	0.86	179.75
33	IndusInd Bank Apps	0.85	391.31	0.00	0.00	0.00	0.00	0.00	0.00	0.85	391.31
34	OMNI	0.77	25.20	0.00	0.00	0.00	0.00	0.00	0.00	0.77	25.20
35	AU Small Finance Bank Apps	0.71	218.16	0.00	0.00	0.00	0.00	0.00	0.00	0.71	218.16
36	KIWI	0.69	69.86	0.00	0.00	0.00	0.00	0.00	0.00	0.69	69.86
37	Karnataka Bank Apps	0.65	127.83	0.00	0.00	0.00	0.00	0.00	0.00	0.65	127.83
38	DBS Digibank Apps	0.46	173.89	0.00	0.00	0.00	0.18	0.00	0.00	0.46	174.06
39	Central Bank of India Apps	0.45	96.12	0.00	0.00	0.00	0.29	0.00	0.00	0.45	96.41
40	UCO Bank Apps	0.38	132.77	0.00	0.00	0.00	0.00	0.00	0.00	0.38	132.77
41	Indian Bank Apps	0.33	88.52	0.00	0.00	0.00	3.17	0.00	0.00	0.33	91.69
42	Bank of India Apps	0.29	85.09	0.00	0.00	0.00	0.00	0.00	0.00	0.29	85.09
43	South Indian Bank Apps	0.28	77.42	0.00	0.00	0.00	0.00	0.00	0.00	0.28	77.42
44	Fino Payments bank Apps	0.21	15.43	0.00	0.00	0.00	0.00	0.00	0.00	0.21	15.43
45	HSBC Bank Apps	0.17	98.09	0.00	0.10	0.00	0.00	0.00	0.00	0.17	98.19
46	BPAYWALLET	0.15	32.07	0.00	0.00	0.00	0.00	0.00	0.00	0.15	32.07
47	Fave	0.12	7.54	0.00	0.00	0.00	0.00	0.00	0.00	0.12	7.54
48	TataNeu	0.10	16.09	0.00	0.00	0.00	0.00	0.00	0.00	0.10	16.09
49	Tamilnad Mercantile Bank Apps	0.10	25.45	0.00	0.00	0.00	0.00	0.00	0.00	0.10	25.45
50	Ultracash	0.09	6.17	0.00	0.00	0.00	0.00	0.00	0.00	0.09	6.17
51	Citi Bank Apps	0.08	58.11	0.00	0.00	0.00	0.00	0.00	0.00	0.08	58.11
52	Indian Overseas Bank Apps	0.07	19.01	0.00	0.00	0.00	0.00	0.00	0.00	0.07	19.01
53	City Union Bank Apps	0.07	19.79	0.00	0.00	0.00	0.00	0.00	0.00	0.07	19.79
54	IDBI Bank Apps	0.06	31.69	0.00	0.00	0.00	0.00	0.00	0.00	0.06	31.69
55	INDIE	0.05	12.60	0.00	0.00	0.00	0.00	0.00	0.00	0.05	12.60
56	Bank of Maharashtra Apps	0.05	8.18	0.00	0.00	0.00	0.00	0.00	0.00	0.05	8.18
57	Karur Vysya Bank Apps	0.05	16.11	0.00	0.00	0.00	0.00	0.00	0.00	0.05	16.11
58	MakeMyTrip	0.04	20.49	0.00	0.00	0.00	0.00	0.00	0.00	0.04	20.49
59	Shriram One	0.04	2.33	0.00	0.00	0.00	0.00	0.00	0.00	0.04	2.33
60	Equitas Small Finance Bank Apps	0.03	19.23	0.00	0.00	0.00	0.00	0.00	0.00	0.03	19.23
61	NSDL Payments Bank Apps	0.03	5.39	0.00	0.00	0.00	0.00	0.00	0.00	0.03	5.39
62	Allahabad Bank Apps	0.03	7.81	0.00	0.00	0.00	0.00	0.00	0.00	0.03	7.81
63	Punjab Sind Bank Apps	0.03	12.74	0.00	0.00	0.00	0.00	0.00	0.00	0.03	12.74
64	DHANI	0.03	4.20	0.00	0.00	0.00	0.00	0.00	0.00	0.03	4.20
65	Utkarsh Small Finance Bank Apps	0.02	6.67	0.00	0.00	0.00	0.00	0.00	0.00	0.02	6.67
66	Jammu and Kashmir Bank Apps	0.01	2.80	0.00	0.00	0.00	0.00	0.00	0.00	0.01	2.80
67	DIGIKHATA	0.01	3.81	0.00	0.00	0.00	0.00	0.00	0.00	0.01	3.81
68	ZOICICI	0.01	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	1.00
69	Dhanlaxmi Bank Apps	0.01	3.02	0.00	0.00	0.00	0.00	0.00	0.00	0.01	3.02
70	GoIbibo	0.01	2.99	0.00	0.00	0.00	0.00	0.00	0.00	0.01	2.99
71	SURYODAY	0.01	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.03
72	Bandhan Bank Apps	0.01	0.87	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.87
73	Others	0.03	8.45	0.00	0.00	0.00	0.01	0.00	0.00	0.03	8.46

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)
Aug'23	10,586.02	15,76,536.56	4,388.83	11,79,095.66	6,197.18	3,97,440.90

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'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3548.89	98.62%	1.38%	0.00%
2	Axis Bank Ltd	1984.84	98.49%	1.51%	0.00%
3	ICICI Bank	1834.95	98.57%	1.43%	0.00%
4	Paytm Payments Bank	1386.27	98.50%	1.49%	0.00%
5	State Bank Of India	985.73	98.40%	1.60%	0.00%
6	HDFC Bank Ltd	885.37	98.59%	1.41%	0.00%
7	BHIM	26.23	93.82%	6.16%	0.01%
8	Kotak Mahindra Bank	21.56	98.18%	1.82%	0.00%
9	Fampay (PPI)	20.57	98.54%	1.45%	0.01%
10	Airtel Payments Bank	10.46	97.53%	2.42%	0.05%
11	Federal Bank	5.82	98.06%	1.93%	0.01%
12	India Post Payment Bank	5.64	98.45%	1.55%	0.00%
13	IDFC FIRST Bank	4.66	97.92%	2.07%	0.01%
14	Standard Chartered	3.60	99.78%	0.22%	0.00%
15	RBL Bank	2.45	98.32%	1.67%	0.01%

UPI Payee PSP Performance (Aug'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3608.70	99.67%	0.32%	0.01%
2	Paytm Payments Bank	2657.59	99.66%	0.33%	0.01%
3	ICICI Bank	1215.47	99.41%	0.58%	0.01%
4	Axis Bank Ltd	1146.11	99.33%	0.61%	0.06%
5	HDFC Bank Ltd	599.32	99.03%	0.79%	0.18%
6	State Bank Of India	497.09	99.39%	0.53%	0.08%
7	Federal Bank	181.99	97.48%	2.04%	0.48%
8	IndusInd Bank	52.28	94.70%	3.90%	1.40%
9	Kotak Mahindra Bank	35.56	99.04%	0.59%	0.38%
10	IDFC FIRST Bank	30.81	99.12%	0.59%	0.29%
11	Indian Bank	24.28	99.61%	0.27%	0.12%
12	Fino Payments Bank	16.15	99.60%	0.34%	0.06%
13	Canara Bank	15.27	99.66%	0.31%	0.02%
14	Airtel Payments Bank	14.99	99.38%	0.12%	0.50%
15	Cosmos Bank	14.61	97.14%	2.14%	0.72%

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 - Aug 23

UPI Merchant Category-wise Classification - Aug'23
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 cardcalls, calls through use of magnetic stripe reading telephones and faxes
	5814	Fast food restaurants
	5311	Department stores
	5541	Service stations (with or without ancillary services)
	5816	Digital Goods: Games
	5912	Drug stores and pharmacies
	5462	Bakeries
	4900	Utilities electric, gas, water and sanitary
Medium Transacting Categories	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	5451	Dairies
	6540	Debit card to wallet credit (Wallet top up)
	7299	Miscellaneous personal services not elsewhere classified
	7322	Debt collection agencies
	6012	Financial institutions merchandise and services
	5137	Mens, womens and childrens uniforms and commercial clothing
	5441	Candy, nut and confectionery shops
	5399	Miscellaneous general merchandise
	5993	Cigar shops and stands
All Other Categories	5732	Electronics shops
	7230	Beauty and barber shops
	5422	Freezer and locker meat provisioners
	6211	Securities brokers and dealers
	5722	Household appliance shops
	9399	Government services not elsewhere classified
	5943	Stationery, office and school supply shops
	4121	Taxi-cabs and limousines
	4899	Cable and other pay television services
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Jul'23)

UPI Remitter Banks - Top 50 Banks (Jul'23)
Sr. No.	UPI Remitter Banks (Jul-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	2574.67	95.55%	4.27%	0.17%	8.675316	99.41%
2	HDFC BANK LTD	879.56	96.30%	3.59%	0.11%	2.233976	100.00%
3	Bank of Baroda	645.14	94.64%	5.21%	0.15%	2.143761	99.73%
4	Union Bank of India	616.05	95.63%	4.35%	0.01%	1.726157	100.00%
5	Punjab National Bank	480.73	95.29%	4.47%	0.24%	1.605735	100.00%
6	ICICI Bank	481.53	96.70%	3.27%	0.03%	1.303102	92.77%
7	Axis Bank Ltd.	462.20	96.34%	3.65%	0.01%	1.059541	100.00%
8	Kotak Mahindra Bank	460.81	94.83%	5.13%	0.04%	1.303627	100.00%
9	Canara Bank	454.62	94.32%	4.97%	0.71%	2.063598	99.39%
10	Paytm Payments Bank	433.01	96.43%	3.55%	0.02%	0.623114	100.00%
11	Bank of India	322.25	95.72%	4.14%	0.13%	0.868259	100.00%
12	Indian Bank	276.75	93.27%	4.86%	1.86%	1.220299	100.00%
13	Airtel Payments Bank	224.92	90.33%	8.55%	1.12%	0.222457	99.96%
14	India Post Payment Bank	175.71	84.45%	11.40%	4.15%	0.788979	85.56%
15	Federal Bank	154.12	95.07%	4.68%	0.25%	0.402231	100.00%
16	Central Bank Of India	154.10	89.55%	8.65%	1.80%	1.253073	100.00%
17	Indian Overseas Bank	132.05	92.31%	4.50%	3.19%	0.977749	100.00%
18	UCO Bank	120.45	94.51%	4.88%	0.61%	0.397799	100.00%
19	IDBI Bank Limited	118.46	95.57%	3.78%	0.65%	0.446276	99.98%
20	Bank of Maharashtra	111.27	91.99%	6.38%	1.63%	0.388401	100.00%
21	INDUSIND BANK	97.54	94.25%	5.44%	0.31%	0.382963	99.16%
22	Fino Payments Bank Limited FIP	90.80	79.40%	15.40%	5.21%	0.526504	64.03%
23	Yes Bank Ltd	85.79	95.53%	4.30%	0.17%	0.161788	100.00%
24	Karnataka Bank	80.33	92.53%	5.69%	1.77%	0.198716	100.00%
25	Karur Vysya Bank	50.34	92.87%	6.11%	1.02%	0.166862	100.00%
26	Bandhan Bank	41.14	90.79%	9.16%	0.05%	0.144404	100.00%
27	South Indian Bank	40.23	95.41%	4.49%	0.11%	0.076772	99.27%
28	IDFC FIRST Bank	60.28	93.93%	5.63%	0.43%	0.129183	99.79%
29	Jammu and Kashmir Bank	31.04	91.74%	6.44%	1.82%	0.035887	99.71%
30	City Union Bank	29.80	93.47%	6.29%	0.24%	0.084771	100.00%
31	Ujjivan Small Finance Bank	29.03	93.93%	5.73%	0.34%	0.089636	100.00%
32	AU small Finance Bank	28.65	95.49%	4.39%	0.12%	0.098094	99.97%
33	Tamilnad Mercantile Bank	25.91	94.17%	5.79%	0.04%	0.052471	100.00%
34	Equitas Bank	25.64	90.10%	8.75%	1.14%	0.092811	98.98%
35	Standard Chartered	25.48	96.92%	2.41%	0.68%	0.074502	100.00%
36	Punjab and Sind Bank	25.31	89.04%	8.36%	2.60%	0.127147	100.00%
37	DBS Bank India Limited	23.19	95.78%	3.98%	0.25%	0.049484	100.00%
38	Andhra Pradesh Grameena Vikas Bank	20.75	84.92%	12.33%	2.75%	0.051766	100.00%
39	Pragathi Krishna Gramin Bank	20.14	85.92%	10.66%	3.42%	0.052157	100.00%
40	Citibank	19.10	95.95%	3.31%	0.75%	0.112173	100.00%
41	Maharashtra Gramin Bank	19.04	79.69%	12.11%	8.20%	0.066891	99.96%
42	Kerala Gramin Bank	18.76	91.27%	8.30%	0.43%	0.051573	99.70%
43	Saraswat Bank	17.71	95.29%	3.55%	1.15%	0.056245	100.00%
44	Tri O Tech Solutions Private Limited	16.79	100.00%	0.00%	0.00%	0.048366	100.00%
45	Rajasthan Marudhara Gramin Bank	16.19	83.07%	12.32%	4.61%	0	NA
46	ESAF Small Finance Bank Ltd.	15.21	93.39%	5.61%	0.99%	0.053937	100.00%
47	Baroda UP Gramin Bank	13.14	83.94%	8.79%	7.27%	0.038648	100.00%
48	Sarva Haryana Gramin Bank	12.94	91.54%	6.82%	1.64%	0.09829	99.90%
49	RBL Bank	12.63	92.83%	6.14%	1.03%	0.045407	99.95%
50	Andhra Pragathi Grameena Bank	12.20	75.58%	15.17%	9.25%	0.065589	97.24%

UPI Top 50 Banks Performance (Jul'23)

UPI Beneficiary Banks - Top 50 Banks (Jul'23)
Sr.No.	UPI Beneficiary Banks (Jul-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	2331.83	99.82%	0.17%	0.01%	0.00%
2	Yes Bank Ltd	1865.76	99.87%	0.02%	0.11%	0.03%
3	State Bank Of India	1070.51	99.24%	0.18%	0.58%	0.06%
4	Axis Bank Ltd.	688.05	99.89%	0.09%	0.02%	0.04%
5	ICICI Bank	627.95	99.79%	0.10%	0.12%	0.05%
6	HDFC BANK LTD	510.54	99.27%	0.65%	0.08%	0.03%
7	Bank of Baroda	290.12	99.58%	0.25%	0.17%	0.14%
8	Union Bank of India	279.02	99.76%	0.15%	0.08%	0.03%
9	Federal Bank	229.06	99.66%	0.23%	0.11%	0.01%
10	Canara Bank	223.29	98.89%	0.43%	0.68%	0.23%
11	Punjab National Bank	222.99	99.37%	0.42%	0.20%	0.19%
12	Kotak Mahindra Bank	200.84	98.30%	1.48%	0.22%	0.06%
13	Bank of India	155.21	99.70%	0.22%	0.08%	0.03%
14	Indian Bank	149.29	98.54%	0.36%	1.10%	0.44%
15	Airtel Payments Bank	124.06	98.89%	0.38%	0.73%	0.46%
16	INDUSIND BANK	96.57	99.32%	0.19%	0.49%	0.14%
17	India Post Payment Bank	78.07	97.79%	0.43%	1.78%	0.35%
18	Central Bank Of India	76.44	98.38%	0.57%	1.06%	0.48%
19	Indian Overseas Bank	63.85	97.51%	0.31%	2.17%	0.83%
20	UCO Bank	57.89	98.86%	0.68%	0.47%	0.12%
21	IDBI Bank Limited	54.70	99.09%	0.39%	0.52%	0.10%
22	IDFC FIRST Bank	49.55	98.41%	1.00%	0.59%	0.21%
23	Bank of Maharashtra	44.04	98.21%	0.21%	1.58%	0.27%
24	Fino Payments Bank Limited FIP	41.98	95.42%	1.11%	3.47%	0.28%
25	Karnataka Bank	36.16	97.50%	0.72%	1.78%	0.17%
26	Karur Vysya Bank	28.69	98.69%	0.43%	0.88%	0.14%
27	South Indian Bank	26.01	99.71%	0.22%	0.06%	0.01%
28	Bandhan Bank	24.42	99.41%	0.09%	0.49%	0.05%
29	RBL Bank	22.99	99.56%	0.30%	0.14%	0.08%
30	AU small Finance Bank	20.30	98.32%	1.60%	0.08%	0.02%
31	Tamilnad Mercantile Bank	16.44	99.76%	0.15%	0.09%	0.02%
32	City Union Bank	16.17	98.67%	0.90%	0.43%	0.10%
33	Ujjivan Small Finance Bank	15.43	99.34%	0.30%	0.36%	0.16%
34	Jammu and Kashmir Bank	14.39	98.52%	0.32%	1.16%	0.11%
35	Equitas Small Finance Bank	11.99	97.20%	2.08%	0.72%	0.08%
36	Punjab and Sind Bank	11.66	97.74%	0.18%	2.08%	0.24%
37	Kerala Gramin Bank	10.91	99.48%	0.20%	0.32%	0.26%
38	CITI Bank	10.78	99.85%	0.00%	0.15%	0.12%
39	Pragathi Krishna Gramin Bank	10.70	97.33%	0.35%	2.32%	0.62%
40	Andhra Pradesh Grameena Vikas Bank	9.66	97.69%	0.25%	2.05%	0.36%
41	DBS Bank India Limited	9.44	98.38%	1.25%	0.37%	0.15%
42	Maharashtra Gramin Bank	8.96	93.62%	0.46%	5.92%	0.49%
43	Tri O Tech Solutions Private Limited	8.46	93.56%	6.12%	0.32%	0.04%
44	Baroda UP Gramin Bank	8.28	93.30%	0.74%	5.97%	1.60%
45	Rajasthan Marudhara Gramin Bank	8.20	96.29%	0.45%	3.27%	0.29%
46	ESAF Small Finance Bank Ltd.	8.14	99.27%	0.04%	0.69%	0.30%
47	Andhra Pragathi Grameena Bank	6.71	88.20%	0.43%	11.38%	0.31%
48	Saraswat Bank	6.64	98.11%	0.18%	1.72%	0.20%
49	Sarva Haryana Gramin Bank	6.08	98.26%	0.48%	1.26%	0.19%
50	Baroda Rajasthan Kshetriya Gramin Bank	5.45	92.90%	2.40%	4.70%	0.84%

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'23)

UPI Apps (Jul'23)
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	PhonePe	4743.66	761247.87	0.00	0.00	0.00	0.00			4743.66	761247.87
2	Google Pay	3494.64	518095.10	0.00	0.00	0.00	0.00			3494.64	518095.10
3	Paytm Payments Bank App	1278.96	147723.30	1.40	4.19	0.57	887.53	112.74	22152.33	1393.66	170767.35
4	Cred	80.34	30999.71	0.00	0.00	0.00	0.00			80.34	30999.71
5	Axis Bank Apps	9.77	1767.83	54.52	1447.04	0.01	2.16			64.30	3217.03
6	Amazon Pay	57.60	6163.84	0.00	0.00	0.00	0.00			57.60	6163.84
7	ICICI Bank Apps	24.47	8077.88	4.14	312.80	7.31	9379.69			35.92	17770.37
8	Yes Bank Apps	31.53	11419.73	0.00	0.00	0.48	83.07			32.01	11502.79
9	BHIM	24.94	8244.91	0.00	0.00	0.00	0.00			24.94	8244.91
10	Kotak Mahindra Bank Apps	18.56	3480.59	0.00	0.00	0.00	0.01			18.56	3480.60
11	WhatsApp	17.84	1598.67	0.00	0.00	0.00	0.00			17.84	1598.67
12	HDFC Bank Apps	17.77	4410.51	0.00	0.00	0.00	0.00			17.77	4410.51
13	Fampay	16.79	206.43	0.00	0.00	0.00	0.00			16.79	206.43
14	Bajaj Finserv	12.11	1740.97	0.00	0.00	0.00	0.00			12.11	1740.97
15	Airtel Payments Bank Apps	9.65	665.97	0.00	0.00	0.00	0.01	0.00	0.07	9.65	666.04
16	Samsung Pay	5.81	544.13	0.00	0.00	0.00	0.00			5.81	544.13
17	India Post Payments Bank Apps	5.43	587.75	0.00	0.00	0.00	0.00			5.43	587.75
18	Federal Bank Apps	5.19	665.11	0.00	0.00	0.00	0.00			5.19	665.11
19	State Bank of India Apps	4.99	2094.63	0.00	0.00	0.02	0.52			5.01	2095.15
20	IDFC Bank Apps	4.17	1121.41	0.00	0.00	0.00	0.00			4.17	1121.41
21	Standard Chartered Bank Apps	3.54	1606.29	0.00	0.00	0.60	523.09			4.14	2129.38
22	Mobikwik	3.79	1140.63	0.00	0.00	0.00	0.00			3.79	1140.63
23	Jupiter	3.27	466.39	0.00	0.00	0.00	0.00			3.27	466.39
24	Groww	2.81	2075.98	0.00	0.00	0.00	0.00			2.81	2075.98
25	Deutsche Bank Apps	1.83	175.50	0.00	0.00	0.00	0.02			1.83	175.52
26	Canara Bank Apps	1.73	514.02	0.00	0.00	0.00	0.00			1.73	514.02
27	Kiwi	1.53	52.51	0.00	0.00	0.00	0.00			1.53	52.51
28	Bank of Baroda Apps	1.34	477.16	0.00	0.00	0.00	0.00			1.34	477.16
29	Jio Payments Bank Apps	1.34	114.12	0.00	0.00	0.00	0.00			1.34	114.12
30	RBL Bank Apps	1.13	523.22	0.00	0.01	0.14	6.35			1.28	529.58
31	slice	0.94	301.00	0.00	0.00	0.00	0.00			0.94	301.00
32	Union Bank Apps	0.88	349.19	0.00	0.00	0.00	0.00			0.88	349.19
33	IndusInd Bank Apps	0.84	723.32	0.00	0.00	0.00	0.00			0.84	723.32
34	Punjab National Bank Apps	0.79	181.50	0.00	0.00	0.00	0.00			0.79	181.50
35	AU Small Finance Bank Apps	0.68	209.86	0.00	0.00	0.00	0.00			0.68	209.86
36	Omnicard	0.62	19.49	0.00	0.00	0.00	0.00			0.62	19.49
37	Karnataka Bank Apps	0.61	124.34	0.00	0.00	0.00	0.00			0.61	124.34
38	DBS Digibank Apps	0.44	179.34	0.00	0.00	0.00	0.37			0.44	179.72
39	Central Bank of India Apps	0.44	97.52	0.00	0.00	0.00	0.23			0.44	97.75
40	UCO Bank Apps	0.36	116.31	0.00	0.00	0.00	0.00			0.36	116.31
41	Indian Bank Apps	0.31	92.29	0.00	0.00	0.00	0.35			0.31	92.64
42	South Indian Bank Apps	0.25	73.83	0.00	0.00	0.00	0.00			0.25	73.83
43	Bank of India Apps	0.25	78.83	0.00	0.00	0.00	0.00			0.25	78.83
44	Fino Payments bank Apps	0.17	13.36	0.00	0.00	0.00	0.00			0.17	13.36
45	HSBC Bank Apps	0.16	96.44	0.00	0.08	0.00	0.00			0.16	96.52
46	Fave	0.12	7.56	0.00	0.00	0.00	0.00			0.12	7.56
47	Bajaj Finserv PPI	0.11	25.80	0.00	0.00	0.00	0.00			0.11	25.80
48	TataNeu	0.10	16.70	0.00	0.00	0.00	0.00			0.10	16.70
49	Tamilnad Mercantile Bank Apps	0.10	23.50	0.00	0.00	0.00	0.00			0.10	23.50
50	IDBI Bank Apps	0.07	37.40	0.00	0.00	0.00	0.00			0.07	37.40
51	Citi Bank Apps	0.07	61.36	0.00	0.00	0.00	0.00			0.07	61.36
52	Ultracash	0.07	5.01	0.00	0.00	0.00	0.00			0.07	5.01
53	City Union Bank Apps	0.07	20.96	0.00	0.00	0.00	0.00			0.07	20.96
54	Indian Overseas Bank Apps	0.07	18.01	0.00	0.00	0.00	0.00			0.07	18.01
55	Karur Vysya Bank Apps	0.04	16.34	0.00	0.00	0.00	0.00			0.04	16.34
56	MakeMyTrip	0.04	19.92	0.00	0.00	0.00	0.00			0.04	19.92
57	Dhani	0.03	7.81	0.00	0.00	0.00	0.00			0.03	7.81
58	Equitas Small Finance Bank Apps	0.03	18.90	0.00	0.00	0.00	0.00			0.03	18.90
59	Bank of Maharashtra Apps	0.03	5.66	0.00	0.00	0.00	0.00			0.03	5.66
60	Allahabad Bank Apps	0.03	8.73	0.00	0.00	0.00	0.00			0.03	8.73
61	Punjab Sind Bank Apps	0.03	12.72	0.00	0.00	0.00	0.00			0.03	12.72
62	NSDL Payments Bank Apps	0.03	4.56	0.00	0.00	0.00	0.00			0.03	4.56
63	Utkarsh Small Finance Bank Apps	0.02	6.24	0.00	0.00	0.00	0.00			0.02	6.24
64	Mobikwik PPI	0.02	3.63	0.00	0.00	0.00	0.00			0.02	3.63
65	Jammu and Kashmir Bank Apps	0.01	2.29	0.00	0.00	0.00	0.00			0.01	2.29
66	Zomato	0.01	0.66	0.00	0.00	0.00	0.00			0.01	0.66
67	Dhanlaxmi Bank Apps	0.01	2.87	0.00	0.00	0.00	0.00			0.01	2.87
68	Bandhan Bank Apps	0.01	0.98	0.00	0.00	0.00	0.00			0.01	0.98
69	Shriram	0.01	0.21	0.00	0.00	0.00	0.00			0.01	0.21
70	Others	0.03	11.05	0.00	0.00	0.00	0.00			0.03	11.05

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)
Jul'23	9,964.61	15,33,645.20	4,184.42	11,48,397.97	5,780.19	3,85,247.22

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'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3475.05	98.47%	1.53%	0.00%
2	Axis Bank Ltd	1814.41	98.32%	1.67%	0.00%
3	ICICI Bank	1642.83	98.43%	1.57%	0.00%
4	Paytm Payments Bank	1302.04	98.38%	1.62%	0.00%
5	State Bank Of India	967.58	98.13%	1.87%	0.00%
6	HDFC Bank Ltd	815.96	98.49%	1.50%	0.01%
7	BHIM	26.31	94.78%	5.20%	0.02%
8	Kotak Mahindra Bank	19.02	97.58%	2.40%	0.01%
9	Fampay (PPI)	17.07	98.34%	1.66%	0.00%
10	Airtel Payments Bank	9.93	97.20%	2.74%	0.06%
11	India Post Payment Bank	5.53	98.21%	1.79%	0.00%
12	Federal Bank	5.32	97.55%	2.44%	0.01%
13	IDFC FIRST Bank	4.49	97.19%	2.77%	0.04%
14	Standard Chartered	4.15	99.79%	0.21%	0.00%
15	RBL Bank	2.40	97.99%	2.00%	0.00%

UPI Payee PSP Performance (Jul'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3432.56	99.66%	0.30%	0.03%
2	Paytm Payments Bank	2469.97	99.61%	0.37%	0.02%
3	ICICI Bank	1169.26	99.48%	0.47%	0.05%
4	Axis Bank Ltd	1063.59	99.45%	0.52%	0.03%
5	HDFC Bank Ltd	552.11	99.25%	0.67%	0.08%
6	State Bank Of India	473.74	99.32%	0.60%	0.09%
7	Federal Bank	166.71	98.48%	1.32%	0.19%
8	IndusInd Bank	49.09	98.74%	0.74%	0.52%
9	Kotak Mahindra Bank	32.00	99.14%	0.51%	0.35%
10	IDFC FIRST Bank	25.61	95.01%	2.32%	2.67%
11	Indian Bank	18.40	98.17%	1.58%	0.25%
12	Airtel Payments Bank	15.20	98.46%	0.49%	1.05%
13	Canara Bank	14.88	99.05%	0.81%	0.14%
14	Cosmos Bank	14.21	94.80%	5.00%	0.19%
15	Fino Payments Bank	12.36	97.74%	1.82%	0.44%

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 - Jul 23

UPI Merchant Category-wise Classification - Jul'23
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
	5814	Fast food restaurants
	5311	Department stores
	5541	Service stations (with or without ancillary services)
	5816	Digital Goods: Games
	5912	Drug stores and pharmacies
	5462	Bakeries
	4900	Utilities electric, gas, water and sanitary
Medium Transacting Categories	6540	Debit card to wallet credit (Wallet top up)
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	5451	Dairies
	7299	Miscellaneous personal services not elsewhere classified
	7322	Debt collection agencies
	6012	Financial institutions merchandise and services
	5399	Miscellaneous general merchandise
	6211	Securities brokers and dealers
	5732	Electronics shops
	5441	Candy, nut and confectionery shops
All Other Categories	5422	Freezer and locker meat provisioners
	5137	Mens, womens and childrens uniforms and commercial clothing
	5993	Cigar shops and stands
	7230	Beauty and barber shops
	5331	Variety stores
	5722	Household appliance shops
	9399	Government services not elsewhere classified
	5262	Online Marketplaces
	4899	Cable and other pay television services
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Jun'23)

UPI Remitter Banks - Top 50 Banks (Jun'23)
Sr. No.	UPI Remitter Banks (Jun-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank of India	2415.09	95.62%	4.23%	0.14%	7.08	96.41%
2	HDFC BANK LTD	830.95	96.41%	3.49%	0.11%	2.22	95.48%
3	Bank of Baroda	604.62	94.46%	5.36%	0.18%	1.84	91.10%
4	Union Bank of India	581.94	95.29%	4.45%	0.26%	1.80	82.12%
5	ICICI Bank	461.74	95.59%	3.11%	1.31%	2.53	91.21%
6	Punjab National Bank	449.87	95.31%	4.24%	0.45%	1.85	94.69%
7	Kotak Mahindra Bank	436.37	92.80%	4.85%	2.34%	1.35	72.73%
8	Canara Bank	429.75	94.19%	4.86%	0.95%	2.45	82.16%
9	Axis Bank Ltd	422.13	96.07%	3.88%	0.05%	1.08	84.01%
10	Paytm Payments Bank	407.65	96.41%	3.59%	0.00%	0.58	97.07%
11	Bank of India	303.65	95.96%	3.89%	0.15%	0.91	88.65%
12	Indian Bank	254.86	94.91%	4.67%	0.42%	1.17	68.48%
13	Airtel Payments Bank	205.13	89.26%	9.06%	1.68%	1.23	25.74%
14	India Post Payment Bank	171.64	74.50%	10.55%	14.95%	3.24	39.13%
15	Federal Bank	147.42	94.11%	5.17%	0.72%	0.46	82.38%
16	Central Bank Of India	146.77	88.61%	8.72%	2.67%	1.99	69.10%
17	Indian Overseas Bank	121.04	94.91%	4.52%	0.57%	0.45	92.24%
18	IDBI Bank Limited	113.13	95.57%	3.67%	0.76%	0.52	90.90%
19	UCO Bank	111.61	91.35%	5.18%	3.46%	1.15	39.34%
20	Bank of Maharashtra	103.70	94.03%	5.09%	0.87%	0.47	67.71%
21	INDUSIND BANK	91.07	94.19%	5.57%	0.23%	0.33	90.29%
22	Yes Bank Ltd	87.16	96.03%	3.78%	0.20%	0.19	72.87%
23	Fino Payments Bank Limited	80.47	85.18%	13.57%	1.25%	0.26	88.93%
24	Karnataka Bank	76.27	93.21%	5.09%	1.70%	0.18	88.81%
25	IDFC FIRST Bank	60.02	93.98%	5.59%	0.43%	0.24	66.61%
26	Karur Vysya Bank	47.09	93.03%	6.88%	0.09%	0.11	92.10%
27	Bandhan Bank	38.12	93.15%	5.44%	1.41%	0.28	58.31%
28	South Indian Bank	38.08	95.79%	4.20%	0.01%	0.07	95.94%
29	Jammu and Kashmir Bank	30.81	88.97%	7.02%	4.00%	0.31	40.85%
30	City Union Bank	27.66	93.18%	6.25%	0.57%	0.08	94.82%
31	Ujjivan Small Finance Bank	26.84	93.85%	5.74%	0.41%	0.11	67.18%
32	AU small Finance Bank	26.60	94.32%	4.63%	1.05%	0.19	96.80%
33	Equitas Bank	24.45	90.40%	9.33%	0.26%	0.07	93.51%
34	Tamilnad Mercantile Bank	23.94	94.02%	5.74%	0.25%	0.05	81.82%
35	Punjab and Sind Bank	23.88	87.61%	9.61%	2.79%	0.24	49.60%
36	DBS Bank India Limited	22.40	95.83%	3.95%	0.22%	0.07	82.03%
37	Standard Chartered	21.93	97.40%	2.29%	0.31%	0.06	84.51%
38	Andhra Pradesh Grameena Vikas Bank	20.70	79.23%	12.48%	8.29%	0.35	55.17%
39	Pragathi Krishna Gramin Bank	18.72	86.69%	9.58%	3.73%	0.19	53.50%
40	Citibank	18.54	94.07%	3.75%	2.18%	0.08	94.21%
41	Maharashtra Gramin Bank	17.89	80.91%	10.75%	8.34%	0.16	26.11%
42	Kerala Gramin Bank	17.62	89.73%	8.33%	1.95%	0.10	68.23%
43	Saraswat Bank	17.31	95.04%	3.75%	1.21%	0.10	33.36%
44	Tri O Tech Solutions Private Limited (PPI)	14.99	100.00%	0.00%	0.00%	0.00	0.00%
45	Rajasthan Marudhara Gramin Bank	14.55	82.55%	12.85%	4.60%	0.18	22.95%
46	ESAF Small Finance Bank Ltd.	14.37	91.91%	6.11%	1.98%	0.05	69.68%
47	Sarva Haryana Gramin Bank	12.47	90.04%	6.89%	3.07%	0.08	48.50%
48	RBL Bank	12.07	92.58%	6.25%	1.17%	0.04	88.21%
49	Baroda UP Gramin Bank	11.43	86.89%	9.19%	3.92%	0.15	29.40%
50	Andhra Pragathi Grameena Bank	11.17	73.43%	21.36%	5.21%	0.10	24.44%

UPI Top 50 Banks Performance (Jun'23)

UPI Beneficiary Banks - Top 50 Banks (Jun'23)
Sr.No.	UPI Beneficiary Banks (Jun-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	2177.68	99.79%	0.20%	0.01%	0.00%
2	Yes Bank Ltd	1735.59	99.96%	0.02%	0.02%	0.00%
3	State Bank Of India	1017.11	99.66%	0.19%	0.13%	0.02%
4	Axis Bank Ltd	644.25	99.76%	0.11%	0.08%	0.04%
5	ICICI Bank	591.75	98.72%	0.25%	0.76%	0.27%
6	HDFC BANK LTD	479.17	99.41%	0.48%	0.07%	0.04%
7	Bank of Baroda	274.76	99.64%	0.16%	0.12%	0.08%
8	Union Bank of India	267.39	99.77%	0.16%	0.06%	0.02%
9	Federal Bank	213.89	99.12%	0.23%	0.60%	0.05%
10	Punjab National Bank	211.61	99.14%	0.39%	0.28%	0.19%
11	Canara Bank	209.80	98.64%	0.43%	0.64%	0.29%
12	Kotak Mahindra Bank	187.61	97.12%	0.41%	1.47%	1.00%
13	Bank of India	148.54	99.60%	0.24%	0.11%	0.05%
14	Indian Bank	131.25	99.46%	0.24%	0.29%	0.00%
15	Airtel Payments Bank	116.09	98.12%	0.41%	1.13%	0.34%
16	INDUSIND BANK	94.66	99.06%	0.21%	0.50%	0.24%
17	Central Bank Of India	73.76	96.15%	0.61%	2.43%	0.81%
18	India Post Payment Bank	74.36	90.31%	0.55%	8.45%	0.68%
19	Indian Overseas Bank	59.10	98.95%	0.37%	0.39%	0.30%
20	UCO Bank	54.91	95.38%	0.70%	3.43%	0.49%
21	IDBI Bank Limited	52.30	99.00%	0.40%	0.42%	0.17%
22	IDFC FIRST Bank	41.95	98.48%	0.99%	0.39%	0.14%
23	Bank of Maharashtra	41.63	98.91%	0.24%	0.66%	0.19%
24	Karnataka Bank	34.46	97.41%	1.02%	1.56%	0.01%
25	Fino Payments Bank Limited	29.84	98.31%	0.59%	1.06%	0.04%
26	Karur Vysya Bank	26.95	99.47%	0.47%	0.06%	0.00%
27	South Indian Bank	24.87	99.79%	0.20%	0.01%	0.00%
28	Bandhan Bank	23.77	97.62%	0.48%	1.51%	0.39%
29	AU small Finance Bank	18.90	97.84%	1.03%	0.71%	0.42%
30	Tamilnad Mercantile Bank	15.01	99.74%	0.17%	0.07%	0.02%
31	City Union Bank	15.13	98.58%	0.78%	0.56%	0.08%
32	Ujjivan Small Finance Bank	14.42	99.25%	0.31%	0.31%	0.13%
33	Jammu and Kashmir Bank	13.75	97.11%	0.34%	2.25%	0.31%
34	Equitas Bank	11.38	97.57%	2.21%	0.21%	0.01%
35	Punjab and Sind Bank	10.97	97.58%	0.19%	1.90%	0.34%
36	RBL Bank	19.83	98.69%	0.56%	0.69%	0.06%
37	Kerala Gramin Bank	10.30	98.62%	0.20%	0.80%	0.38%
38	Pragathi Krishna Gramin Bank	10.09	97.81%	0.38%	1.11%	0.70%
39	Citibank	11.91	99.76%	0.00%	0.14%	0.10%
40	Andhra Pradesh Grameena Vikas Bank	9.79	93.82%	0.29%	5.40%	0.49%
41	DBS Bank India Limited	9.16	98.36%	1.40%	0.12%	0.12%
42	Maharashtra Gramin Bank	8.58	94.04%	0.38%	5.15%	0.44%
43	ESAF Small Finance Bank Ltd.	7.75	98.26%	0.12%	1.47%	0.15%
44	Baroda UP Gramin Bank	7.56	94.84%	1.03%	3.26%	0.87%
45	Rajasthan Marudhara Gramin Bank	7.36	96.52%	0.36%	2.49%	0.63%
46	Tri O Tech Solutions Private Limited PPI	7.47	93.15%	6.60%	0.23%	0.03%
47	Jio Payments Bank	6.50	99.17%	0.43%	0.15%	0.25%
48	Saraswat Bank	6.35	98.28%	0.19%	1.07%	0.46%
49	Sarva Haryana Gramin Bank	5.86	96.97%	0.45%	2.24%	0.34%
50	Andhra Pragathi Grameena Bank	6.09	92.97%	2.70%	4.10%	0.23%

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'23)

UPI Apps (Jun'23)
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	PhonePe	4,461.4	745,552.2	0.0	0.0	0.0	0.0			4,461.36	745,552.2
2	Google Pay	3,266.8	494,088.0	0.0	0.0	0.0	0.0			3,266.83	494,088.0
3	Paytm Payments Bank App	1,197.3	139,950.1	1.4	4.2	0.6	866.8	108.1	21,673.7	1,307.48	162,494.8
4	Cred	73.9	26,431.8	0.0	0.0	0.0	0.0			73.93	26,431.8
5	Amazon Pay	52.9	5,647.9	0.0	0.0	0.0	0.0			52.89	5,647.9
6	Axis Bank Apps	9.7	1,692.7	37.9	537.1	0.0	1.9			47.64	2,231.7
7	ICICI Bank Apps	27.1	8,599.3	4.8	338.0	5.7	7,306.5			37.63	16,243.7
8	Yes Bank Apps	35.8	12,721.8	0.0	0.0	0.7	275.6			36.46	12,997.5
9	BHIM	23.1	7,289.0	0.0	0.0	0.0	0.0			23.11	7,289.0
10	HDFC Bank Apps	17.6	4,168.6	0.0	0.0	0.0	0.0			17.56	4,168.6
11	Kotak Mahindra Bank Apps	17.4	3,202.5	0.0	0.0	0.0	0.0			17.38	3,202.5
12	WhatsApp	16.0	1,443.3	0.0	0.0	0.0	0.0			16.00	1,443.3
13	Fampay	15.0	184.7	0.0	0.0	0.0	0.0			14.99	184.7
14	Bajaj Finserv	9.8	1,312.6	0.0	0.0	0.0	0.0			9.76	1,312.6
15	Airtel Payments Bank Apps	8.8	632.1	0.0	0.0	0.0	0.0	0.0	0.1	8.84	632.2
16	IDFC Bank Apps	6.3	1,528.1	0.0	0.0	0.0	12.2			6.31	1,540.3
17	Samsung Pay	5.6	522.8	0.0	0.0	0.0	0.0			5.61	522.8
18	Federal Bank Apps	4.9	630.0	0.0	0.0	0.0	0.0			4.86	630.0
19	India Post Payments Bank Apps	4.8	742.5	0.0	0.0	0.0	0.0			4.83	742.5
20	State Bank of India Apps	4.6	1,959.3	0.0	0.0	0.0	0.4			4.64	1,959.7
21	Mobikwik	3.6	1,060.4	0.0	0.0	0.0	0.0			3.58	1,060.4
22	Jupiter	3.0	424.8	0.0	0.0	0.0	0.0			2.96	424.8
23	Deutsche Bank Apps	1.8	125.6	0.0	0.0	0.0	0.0			1.81	125.6
24	Canara Bank Apps	1.6	462.7	0.0	0.0	0.0	0.0			1.58	462.7
25	Groww	1.5	1,039.6	0.0	0.0	0.0	0.0			1.45	1,039.6
26	Standard Chartered Bank Apps	1.2	522.6	0.0	0.0	0.2	150.0			1.40	672.6
27	Jio Payments Bank Apps	1.4	113.2	0.0	0.0	0.0	0.0			1.35	113.2
28	RBL Bank Apps	1.1	493.4	0.0	0.0	0.2	4.4			1.29	497.9
29	Bank of Baroda Apps	1.2	427.6	0.0	0.0	0.0	0.1			1.19	427.7
30	slice	0.9	272.8	0.0	0.0	0.0	0.0			0.88	272.8
31	IndusInd Bank Apps	0.8	897.6	0.0	0.0	0.0	0.0			0.79	897.6
32	Union Bank Apps	0.8	318.9	0.0	0.0	0.0	0.0			0.79	318.9
33	Punjab National Bank Apps	0.8	169.7	0.0	0.0	0.0	0.0			0.77	169.7
34	AU Small Finance Bank Apps	0.6	196.1	0.0	0.0	0.0	0.0			0.64	196.1
35	Karnataka Bank Apps	0.6	125.9	0.0	0.0	0.0	0.0			0.61	125.9
36	OmniCard	0.5	13.9	0.0	0.0	0.0	0.0			0.48	13.9
37	Central Bank of India Apps	0.4	97.4	0.0	0.0	0.0	0.1			0.44	97.6
38	DBS Digibank Apps	0.4	166.9	0.0	0.0	0.0	0.0			0.41	166.9
39	UCO Bank Apps	0.3	107.6	0.0	0.0	0.0	0.0			0.33	107.6
40	Indian Bank Apps	0.3	80.2	0.0	0.0	0.0	1.1			0.28	81.2
41	South Indian Bank Apps	0.3	70.5	0.0	0.0	0.0	0.0			0.25	70.5
42	Bank of India Apps	0.2	71.9	0.0	0.0	0.0	0.0			0.23	71.9
43	Jupiter Edge (LivQuick PPI)	0.2	11.3	0.0	0.0	0.0	0.0			0.21	11.3
44	HSBC Bank Apps	0.2	89.1	0.0	0.1	0.0	0.0			0.15	89.2
45	Fino Payments bank Apps	0.1	9.2	0.0	0.0	0.0	0.0			0.13	9.2
46	TataNeu	0.1	17.6	0.0	0.0	0.0	0.0			0.12	17.6
47	Tamilnad Mercantile Bank Apps	0.1	18.9	0.0	0.0	0.0	0.0			0.08	18.9
48	IDBI Bank Apps	0.1	34.1	0.0	0.0	0.0	0.0			0.08	34.1
49	Citi Bank Apps	0.1	54.2	0.0	0.0	0.0	0.0			0.07	54.2
50	Fave	0.1	4.6	0.0	0.0	0.0	0.0			0.07	4.6
51	Bajaj Finserv PPI	0.1	14.3	0.0	0.0	0.0	0.0			0.07	14.3
52	PINELABS	0.1	4.2	0.0	0.0	0.0	0.0			0.07	4.2
53	City Union Bank Apps	0.1	18.3	0.0	0.0	0.0	0.0			0.06	18.3
54	Kiwi	0.1	4.1	0.0	0.0	0.0	0.0			0.05	4.1
55	Indian Overseas Bank Apps	0.0	13.0	0.0	0.0	0.0	0.0			0.05	13.0
56	Ultracash	0.0	3.1	0.0	0.0	0.0	0.0			0.04	3.1
57	Karur Vysya Bank Apps	0.0	14.0	0.0	0.0	0.0	0.0			0.04	14.0
58	MakeMyTrip	0.0	18.2	0.0	0.0	0.0	0.0			0.03	18.2
59	Punjab Sind Bank Apps	0.0	12.6	0.0	0.0	0.0	0.0			0.03	12.6
60	Dhani	0.0	7.0	0.0	0.0	0.0	0.0			0.03	7.0
61	Equitas Small Finance Bank Apps	0.0	17.3	0.0	0.0	0.0	0.0			0.03	17.3
62	Allahabad Bank Apps	0.0	8.3	0.0	0.0	0.0	0.0			0.03	8.3
63	NSDL Payments Bank Apps	0.0	4.1	0.0	0.0	0.0	0.0			0.02	4.1
64	GoNiyo PPI	0.0	0.5	0.0	0.0	0.0	0.0			0.02	0.5
65	Utkarsh Small Finance Bank Apps	0.0	6.3	0.0	0.0	0.0	0.0			0.02	6.3
66	Jammu and Kashmir Bank Apps	0.0	2.4	0.0	0.0	0.0	0.0			0.01	2.4
67	Bandhan Bank Apps	0.0	3.1	0.0	0.0	0.0	0.0			0.01	3.1
68	Zomato	0.0	1.7	0.0	0.0	0.0	0.0			0.01	1.7
69	Dhanlaxmi Bank Apps	0.0	3.2	0.0	0.0	0.0	0.0			0.01	3.2
70	Bank of Maharashtra Apps	0.0	0.8	0.0	0.0	0.0	0.0			0.01	0.8
71	Others	0.0	11.8	0.0	0.0	0.0	0.0	0.0	0.0	0.0	11.8

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)
Jun'23	9,335.06	14,75,464.27	3,971.43	11,25,422.26	5,363.63	3,50,042.01

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 (Jun'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3,318.70	98.64%	0.04%	1.32%
2	Axis Bank Ltd	1,657.48	98.48%	0.01%	1.51%
3	ICICI Bank	1,416.23	98.58%	0.01%	1.42%
4	Paytm Payments Bank	1,219.59	98.34%	0.00%	1.66%
5	State Bank Of India	1,013.07	98.56%	0.00%	1.44%
6	HDFC Bank Ltd	747.72	98.03%	0.02%	1.95%
7	Kotak Mahindra Bank	17.76	97.88%	0.00%	2.12%
8	Fampay (PPI)	15.23	98.40%	0.00%	1.60%
9	Airtel Payments Bank	9.08	97.36%	0.04%	2.60%
10	IDFC FIRST Bank	6.53	98.37%	0.01%	1.62%
11	Federal Bank	4.98	97.55%	0.08%	2.37%
12	India Post Payment Bank	4.92	98.15%	0.01%	1.84%
13	RBL Bank	2.17	98.35%	0.01%	1.65%
14	Deutsche Bank	1.81	99.93%	0.00%	0.07%
15	Canara Bank	1.66	94.75%	0.01%	5.24%

UPI Payee PSP Performance (Jun'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3,265.06	99.75%	0.23%	0.01%
2	Paytm Payments Bank	2,305.56	99.60%	0.37%	0.03%
3	Axis Bank Ltd	1,096.89	99.42%	0.55%	0.03%
4	ICICI Bank	1,029.20	99.07%	0.89%	0.04%
5	HDFC Bank Ltd	468.94	99.14%	0.82%	0.04%
6	State Bank Of India	426.62	99.51%	0.45%	0.04%
7	Federal Bank	157.65	95.80%	3.46%	0.74%
8	IndusInd Bank	50.30	98.49%	0.79%	0.71%
9	Kotak Mahindra Bank	29.50	99.40%	0.36%	0.24%
10	Cosmos Bank	22.42	93.25%	6.34%	0.40%
11	IDFC FIRST Bank	21.66	84.43%	6.84%	8.73%
12	Airtel Payments Bank	15.90	98.11%	1.10%	0.79%
13	Canara Bank	10.97	98.90%	0.89%	0.21%
14	Indian Bank	10.35	96.83%	2.72%	0.45%
15	Citibank	9.80	99.18%	0.71%	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.

UPI Merchant Category Classification - Jun 23

UPI Merchant Category-wise Classification - Jun'23
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
	5814	Fast food restaurants
	5311	Department stores
	5541	Service stations (with or without ancillary services)
	5816	Digital Goods: Games
	5462	Bakeries
	5912	Drug stores and pharmacies
	6540	Debit card to wallet credit (Wallet top up)
Medium Transacting Categories	5451	Dairies
	4900	Utilities electric, gas, water and sanitary
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	7299	Miscellaneous personal services not elsewhere classified
	7322	Debt collection agencies
	5331	Variety stores
	6012	Financial institutions merchandise and services
	5422	Freezer and locker meat provisioners
	5399	Miscellaneous general merchandise
	5137	Mens, womens and childrens uniforms and commercial clothing
All Other Categories	5732	Electronics shops
	5441	Candy, nut and confectionery shops
	6211	Securities brokers and dealers
	7230	Beauty and barber shops
	5262	Online Marketplaces
	9399	Government services not elsewhere classified
	4899	Cable and other pay television services
	5943	Stationery, office and school supply shops
	4121	Taxi-cabs and limousines
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (May'23)

UPI Remitter Banks - Top 50 Banks (May'23)
Sr. No.	UPI Remitter Banks (May-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	2427.45	95.07%	4.50%	0.43%	8.41	96.08%
2	HDFC BANK LTD	834.13	96.07%	3.75%	0.18%	2.75	97.68%
3	Bank of Baroda	615.53	93.91%	5.52%	0.58%	2.08	93.52%
4	Union Bank of India	587.30	95.23%	4.27%	0.50%	2.06	72.49%
5	ICICI Bank	471.20	96.05%	3.03%	0.92%	2.23	89.78%
6	Punjab National Bank	455.13	94.58%	4.73%	0.69%	1.87	89.28%
7	Kotak Mahindra Bank	445.82	93.33%	4.94%	1.72%	1.07	83.34%
8	Canara Bank	433.19	93.94%	5.18%	0.87%	1.72	79.21%
9	Axis Bank Ltd.	427.56	95.98%	4.01%	0.02%	1.01	97.95%
10	Paytm Payments Bank	425.23	96.31%	3.67%	0.02%	0.66	96.72%
11	Bank of India	308.34	95.33%	4.15%	0.52%	0.91	84.80%
12	Indian Bank	257.31	94.56%	4.74%	0.70%	0.79	89.91%
13	Airtel Payments Bank	210.36	87.00%	11.94%	1.06%	0.64	63.63%
14	India Post Payment Bank	167.39	80.61%	15.66%	3.73%	0.63	68.11%
15	Central Bank Of India	150.03	90.06%	8.41%	1.53%	1.22	80.86%
16	Federal Bank	149.25	95.22%	4.71%	0.08%	0.37	97.23%
17	Indian Overseas Bank	121.85	94.43%	5.18%	0.39%	0.44	95.94%
18	IDBI Bank Limited	114.16	95.20%	3.90%	0.90%	0.47	84.51%
19	UCO Bank	112.87	93.87%	5.29%	0.84%	0.41	66.09%
20	Bank of Maharashtra	104.95	92.49%	5.04%	2.47%	0.36	50.66%
21	Yes Bank Ltd	94.89	96.33%	3.56%	0.11%	0.15	96.13%
22	INDUSIND BANK	91.30	93.76%	5.70%	0.54%	0.29	91.48%
23	Fino Payments Bank Limited FIP	81.88	82.85%	14.95%	2.21%	0.25	82.81%
24	Karnataka Bank	74.77	91.31%	6.20%	2.50%	0.20	80.02%
25	IDFC FIRST Bank	62.61	93.74%	5.39%	0.87%	0.18	62.55%
26	Karur Vysya Bank	47.89	92.00%	7.39%	0.61%	0.12	86.59%
27	Bandhan Bank	41.45	85.45%	11.64%	2.91%	0.26	55.71%
28	South Indian Bank	38.15	96.02%	3.92%	0.06%	0.08	96.85%
29	Jammu and Kashmir Bank	31.55	90.22%	6.87%	2.90%	0.15	52.76%
30	City Union Bank	27.91	92.84%	6.47%	0.69%	0.09	90.82%
31	AU small Finance Bank	26.71	94.11%	4.78%	1.11%	0.17	94.02%
32	Ujjivan Small Finance Bank	26.70	93.39%	5.96%	0.65%	0.08	64.57%
33	Equitas Bank	25.30	90.37%	9.35%	0.28%	0.07	96.62%
34	Tamilnad Mercantile Bank	23.92	93.46%	6.03%	0.51%	0.06	89.98%
35	Punjab and Sind Bank	23.51	84.29%	8.50%	7.21%	0.13	27.01%
36	DBS Bank India Limited	22.90	95.55%	4.03%	0.42%	0.05	72.77%
37	Standard Chartered	20.89	96.56%	2.46%	0.98%	0.07	83.45%
38	Andhra Pradesh Grameena Vikas Bank	19.66	81.99%	12.19%	5.82%	0.13	63.39%
39	Citibank	18.79	96.24%	3.33%	0.44%	0.06	97.76%
40	Maharashtra Gramin Bank	18.29	79.80%	11.39%	8.80%	0.05	28.67%
41	Saraswat Bank	17.68	95.93%	3.03%	1.04%	0.04	42.17%
42	Pragathi Krishna Gramin Bank	17.50	89.78%	9.71%	0.51%	0.06	95.23%
43	Kerala Gramin Bank	17.19	90.83%	8.56%	0.61%	0.07	94.55%
44	ESAF Small Finance Bank Ltd.	16.84	74.48%	24.33%	1.19%	0.04	70.94%
45	Rajasthan Marudhara Gramin Bank	15.87	76.51%	15.43%	8.06%	0.04	32.11%
46	Sarva Haryana Gramin Bank	12.82	87.28%	7.17%	5.55%	0.04	26.62%
47	Baroda UP Gramin Bank	12.32	78.88%	9.72%	11.40%	0.05	19.50%
48	RBL	12.10	92.31%	6.69%	0.99%	0.04	77.09%
49	Andhra Pragathi Grameena Bank	10.26	73.67%	16.48%	9.86%	0.02	17.82%
50	Fincare Small Finance Bank Ltd	9.89	85.75%	10.77%	3.48%	0.04	40.65%

UPI Top 50 Banks Performance (May'23)

UPI Beneficiary Banks - Top 50 Banks (May'23)
Sr.No.	UPI Beneficiary Banks (May-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	2122.50	99.79%	0.20%	0.00%	0.01%
2	Yes Bank Ltd	1776.21	99.93%	0.02%	0.04%	0.01%
3	State Bank of India	1021.12	99.36%	0.24%	0.33%	0.06%
4	Axis Bank Ltd	664.41	99.90%	0.09%	0.01%	0.00%
5	ICICI Bank	624.05	98.76%	0.63%	0.39%	0.22%
6	HDFC BANK LTD	475.30	99.31%	0.57%	0.06%	0.07%
7	Bank of Baroda	278.65	99.10%	0.22%	0.61%	0.07%
8	Union Bank of India	271.63	99.54%	0.18%	0.17%	0.11%
9	Federal Bank	216.25	99.75%	0.23%	0.02%	0.00%
10	Punjab National Bank	212.79	99.15%	0.37%	0.22%	0.25%
11	Canara Bank	210.04	99.13%	0.19%	0.48%	0.19%
12	Kotak Mahindra Bank	203.15	97.77%	0.47%	1.04%	0.72%
13	Bank of India	151.38	98.35%	0.24%	1.32%	0.09%
14	Indian Bank	132.71	98.91%	0.30%	0.32%	0.48%
15	Airtel Payments Bank	116.47	98.56%	0.46%	0.71%	0.26%
16	INDUSIND BANK	93.00	98.89%	0.20%	0.50%	0.41%
17	Central Bank Of India	74.50	98.34%	0.66%	0.53%	0.47%
18	India Post Payment Bank	72.15	96.82%	0.48%	2.49%	0.21%
19	Indian Overseas Bank	59.63	99.06%	0.61%	0.14%	0.19%
20	UCO Bank	55.10	98.72%	0.68%	0.52%	0.08%
21	IDBI Bank Limited	53.37	98.81%	0.42%	0.60%	0.17%
22	IDFC FIRST Bank	43.30	97.88%	1.17%	0.77%	0.18%
23	Bank of Maharashtra	42.41	97.16%	0.34%	2.20%	0.31%
24	Karnataka Bank	34.08	96.45%	1.11%	2.39%	0.05%
25	RBL	33.53	99.89%	0.00%	0.00%	0.11%
26	Karur Vysya Bank	27.20	98.91%	0.43%	0.61%	0.06%
27	Fino Payments Bank Limited	27.08	97.40%	1.04%	1.49%	0.07%
28	South Indian Bank	25.43	99.75%	0.21%	0.04%	0.00%
29	Bandhan Bank	24.14	96.37%	0.15%	2.92%	0.56%
30	AU small Finance Bank	19.21	97.46%	1.41%	0.76%	0.37%
31	City Union Bank	15.13	98.54%	0.92%	0.44%	0.10%
32	Tamilnad Mercantile Bank	14.80	99.35%	0.23%	0.39%	0.02%
33	Ujjivan Small Finance Bank	14.27	99.11%	0.34%	0.41%	0.15%
34	Jammu and Kashmir Bank	12.63	97.86%	0.39%	1.67%	0.08%
35	Equitas Bank	11.91	96.70%	3.08%	0.21%	0.01%
36	Punjab and Sind Bank	10.91	93.48%	0.19%	5.47%	0.86%
37	Kerala Gramin Bank	10.06	99.27%	0.19%	0.33%	0.22%
38	Andhra Pradesh Grameena Vikas Bank	9.92	95.22%	0.53%	3.96%	0.29%
39	Pragathi Krishna Gramin Bank	9.74	99.25%	0.39%	0.16%	0.20%
40	DBS Bank India Limited	9.41	98.06%	1.54%	0.30%	0.10%
41	Maharashtra Gramin Bank	8.86	92.53%	0.87%	5.93%	0.67%
42	Baroda UP Gramin Bank	8.30	86.32%	2.00%	10.37%	1.31%
43	Rajasthan Marudhara Gramin Bank	7.82	91.18%	1.92%	6.45%	0.46%
44	ESAF Small Finance Bank Ltd.	7.62	98.86%	0.13%	0.89%	0.12%
45	Tri O Tech Solutions Private Limited	7.04	91.14%	8.66%	0.19%	0.01%
46	Saraswat Bank	6.44	98.71%	0.26%	0.71%	0.32%
47	Andhra Pragathi Grameena Bank	6.13	89.76%	0.33%	9.56%	0.35%
48	Sarva Haryana Gramin Bank	5.94	94.40%	0.46%	4.34%	0.80%
49	Jio Payments Bank	5.24	99.39%	0.46%	0.10%	0.04%
50	Baroda Rajasthan Kshetriya Gramin Bank	5.18	92.63%	2.65%	4.24%	0.48%

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'23)

UPI Apps (May'23)
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	9.17	627.09	0.00	0.00	0.00	0	0.00	0.08	9.17	627.17
2	Allahabad Bank Apps	0.03	8.87	0.00	0.00	0.00	0	0.00	0.00	0.03	8.87
3	Amazon Pay	57.08	5,772.68	0.00	0.00	0.00	0	0.00	0.00	57.08	5,772.68
4	AU Small Finance Bank Apps	0.65	193.87	0.00	0.00	0.00	0	0.00	0.00	0.65	193.87
5	Axis Bank Apps	10.19	1,697.23	37	217	0.03	3	0.00	0.00	47.38	1,916.44
6	Bajaj Finserv	9.12	1,189.82	0.00	0	0.00	0	0.00	0.00	9.12	1,189.82
7	Bank of Baroda Apps	1.11	412.02	0.00	0	0.00	0	0.00	0.00	1.11	412.03
8	Bank of India Apps	0.22	69.86	0.0	0	0.00	0	0.00	0.00	0.22	69.87
9	BHIM	22.96	7,209.87	0.00	0	0.00	0	0.00	0.00	22.96	7,209.87
10	BPAYWALLET	0.06	9.65	0.00	0	0.00	0	0.00	0.00	0.06	9.65
11	Canara Bank Apps	1.48	431.27	0.00	0	0.00	0	0.00	0.00	1.48	431.27
12	Central Bank of India Apps	0.43	95.52	0.00	0	0.00	0	0.00	0.00	0.43	95.58
13	Citi Bank Apps	0.09	55.38	0.00	0	0.00	0	0.00	0.00	0.09	55.38
14	City Union Bank Apps	0.06	20.02	0.00	0	0.00	0	0.00	0.00	0.06	20.02
15	Cointab	0.01	4.24	0.00	0	0.00	0	0.00	0.00	0.01	4.24
16	Cred	61.04	23,426.74	0.00	0	0.00	0	0.00	0.00	61.04	23,426.74
17	DBS Digibank Apps	0.42	174.75	0.00	0	0.00	0	0.00	0.00	0.42	174.75
18	Deutsche Bank Apps	1.89	174.25	0.00	0	0.00	0	0.00	0.00	1.89	174.27
19	DHANI	0.04	7.55	0.00	0	0.00	0	0.00	0.00	0.04	7.55
20	Dhanlaxmi Bank Apps	0.01	2.93	0.00	0	0.00	0	0.00	0.00	0.01	2.93
21	Equitas Small Finance Bank Apps	0.03	16.31	0.00	0	0.00	0	0.00	0.00	0.03	16.31
22	FAM	13.78	166.50	0.00	0	0.00	0	0.00	0.00	13.78	166.50
23	Fave	0.02	1.68	0.00	0	0.00	0	0.00	0.00	0.02	1.68
24	Federal Bank Apps	5.12	643.60	0.00	0	0.00	0	0.00	0.00	5.12	643.62
25	Fino Payments bank Apps	0.09	6.60	0.00	0	0.00	0	0.00	0.00	0.09	6.60
26	Google Pay	3,274.69	497,748.17	0.00	0	0.00	0	0.00	0.00	3,274.69	497,748.17
27	Groww	0.47	287.97	0.00	0	0.00	0	0.00	0.00	0.47	287.97
28	HDFC Bank Apps	16.07	3,979.33	0.00	0	0.00	3	0.00	0.00	16.07	3,982.69
29	HSBC Bank Apps	0.14	87.42	0.00	0	0.00	0	0.00	0.00	0.14	87.50
30	ICICI Bank Apps	33.59	9,965.41	5.23	380	5.09	6,755	0.00	0.00	43.92	17,101.09
31	IDBI Bank Apps	0.08	34.64	0	0	0.00	0	0.00	0.00	0.08	34.64
32	IDFC Bank Apps	8.52	1,688.60	0	0	0.04	7	0.00	0.00	8.56	1,696.01
33	India Post Payments Bank Apps	5.04	775.77	0	0	0.00	0	0.00	0.00	5.04	775.77
34	Indian Bank Apps	0.28	80.31	0	0	0.00	4	0.00	0.00	0.28	84.07
35	Indian Overseas Bank Apps	0.04	10.50	0	0	0.00	0	0.00	0.00	0.04	10.50
36	IndusInd Bank Apps	0.81	886.10	0	0	0.00	0	0.00	0.00	0.81	886.10
37	Jammu and Kashmir Bank Apps	0.01	2.00	0	0	0.00	0	0.00	0.00	0.01	2.00
38	Jio Payments Bank Apps	1.56	119.80	0	0	0.00	0	0.00	0.00	1.56	119.80
39	Jupiter	2.94	415.04	0	0	0.00	0	0.00	0.00	2.94	415.04
40	Akudo & Muvin (Livquik)	0.18	6.62	0	0	0.00	0	0.00	0.00	0.18	6.62
41	Karnataka Bank Apps	0.63	127.13	0	0	0.00	0	0.00	0.00	0.63	127.13
42	Karur Vysya Bank Apps	0.04	13.65	0	0	0.00	0	0.00	0.00	0.04	13.65
43	Kotak Mahindra Bank Apps	16.31	3,139.04	0	0	0.00	0	0.00	0.00	16.31	3,139.05
44	MakeMyTrip	0.02	8.01	0	0	0.00	0	0.00	0.00	0.02	8.01
45	Mobikwik	3.59	997.92	0	0	0.00	0	0.00	0.00	3.59	997.92
46	NSDL Payments Bank Apps	0.02	3.28	0	0	0.00	0	0.00	0.00	0.02	3.28
47	OMNI	0.39	10.10	0	0	0.00	0	0.00	0.00	0.39	10.10
48	Paytm Payments Bank App	1,229.38	142,291.76	3.95	7	0.56	887	108.39	21658.48884	1,342.28	164,843.79
49	PhonePe	4,499.20	757,276.68	0	0	0.00	0	0.00	0.00	4,499.20	757,276.68
50	PINELABS	0.06	3.25	0	0	0.00	0	0.00	0.00	0.06	3.25
51	Punjab National Bank Apps	1.10	177.63	0	0	0.00	0	0.00	0.00	1.10	177.69
52	Punjab Sind Bank Apps	0.04	13.71	0	0	0.00	0	0.00	0.00	0.04	13.71
53	RBL Bank Apps	1.06	484.53	0	0	0.18	5	0.00	0.00	1.24	489.36
54	RBLBANK	0.01	0.06	0	0	0.00	0	0.00	0.00	0.01	0.06
55	Samsung Pay	5.83	535.16	0	0	0.00	0	0.00	0.00	5.83	535.16
56	slice	0.83	194.68	0	0	0.00	0	0.00	0.00	0.83	194.68
57	South Indian Bank Apps	0.25	71.46	0	0	0.00	0	0.00	0.00	0.25	71.46
58	Standard Chartered Bank Apps	0.15	91.48	0	0	0.00	0	0.00	0.00	0.15	91.48
59	State Bank of India Apps	4.48	1,969.72	0	0	0.01	0	0.00	0.00	4.48	1,969.95
60	Tamilnad Mercantile Bank Apps	0.07	14.83	0	0	0.00	0	0.00	0.00	0.07	14.83
61	TataNeu	0.15	19.28	0	0	0.00	0	0.00	0.00	0.15	19.28
62	UCO Bank Apps	0.36	118.26	0	0	0.00	0	0.00	0.00	0.36	118.26
63	Ultracash	0.01	1.13	0	0	0.00	0	0.00	0.00	0.01	1.13
64	Union Bank Apps	0.76	306.93	0	0	0.00	0	0.00	0.00	0.76	306.93
65	Utkarsh Small Finance Bank Apps	0.02	6.81	0	0	0.00	0	0.00	0.00	0.02	6.81
66	WhatsApp	15.98	1,477.06	0	0	0.00	0	0.00	0.00	15.98	1,477.06
67	Yes Bank Apps	42.21	12,934.66	0	0	0.44	72	0.00	0.00	42.65	13,006.24
68	Zomato	0.01	0.43	0	0	0.00	0	0.00	0.00	0.01	0.43
69	Others	0.03	10.98	0.00	0.00	0.00	0.00	0.00	0.00	0.03	10.98

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)
May'23	9,415.19	14,89,145.50	4,045.48	11,45,072.32	5,369.70	3,44,073.18

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 (May'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3,322.19	98.77%	1.22%	0.00%
2	ICICI Bank	1,732.56	98.78%	1.21%	0.00%
3	Axis Bank Ltd	1,340.63	98.51%	1.48%	0.00%
4	Paytm Payments Bank	1,257.01	98.16%	1.83%	0.01%
5	State Bank Of India	1,019.30	98.72%	1.27%	0.00%
6	HDFC Bank Ltd	773.58	98.74%	1.26%	0.00%
7	Kotak Mahindra Bank	16.61	98.15%	1.85%	0.00%
8	Fampay (PPI)	13.98	98.55%	1.45%	0.00%
9	Airtel Payments Bank	9.40	97.47%	2.51%	0.02%
10	IDFC FIRST Bank	8.71	98.76%	1.24%	0.00%
11	Federal Bank	5.35	95.86%	2.03%	2.11%
12	India Post Payment Bank	5.11	98.48%	1.51%	0.01%
13	RBL Bank	2.12	98.56%	1.44%	0.00%
14	Deutsche Bank	1.89	99.94%	0.06%	0.00%
15	Jio Payments Bank	1.63	95.92%	3.70%	0.38%

UPI Payee PSP Performance (May'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3,328.92	99.80%	0.18%	0.02%
2	Paytm Payments Bank	2,250.43	99.73%	0.26%	0.01%
3	Axis Bank Ltd	1,169.78	99.41%	0.57%	0.02%
4	ICICI Bank	1,053.11	99.23%	0.68%	0.09%
5	HDFC Bank Ltd	439.53	99.27%	0.69%	0.04%
6	State Bank Of India	398.39	99.45%	0.49%	0.06%
7	Federal Bank	154.48	98.81%	1.00%	0.18%
8	IndusInd Bank	47.25	98.23%	0.88%	0.89%
9	Kotak Mahindra Bank	40.28	99.32%	0.55%	0.12%
10	Cosmos Bank	24.05	95.12%	4.51%	0.37%
11	RBL Bank	28.27	99.66%	0.33%	0.02%
12	Airtel Payments Bank	18.61	97.38%	2.20%	0.42%
13	IDFC FIRST Bank	17.88	96.85%	2.02%	1.13%
14	Citibank	9.97	99.25%	0.71%	0.04%
15	Canara Bank	9.55	99.37%	0.57%	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.

UPI Merchant Category Classification - May 23

UPI Merchant Category-wise Classification - May'23
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
	5816	Digital Goods: Games
	5814	Fast food restaurants
	5311	Department stores
	5541	Service stations (with or without ancillary services)
	5462	Bakeries
	5912	Drug stores and pharmacies
	6540	Debit card to wallet credit (Wallet top up)
Medium Transacting Categories	5451	Dairies
	4900	Utilities electric, gas, water and sanitary
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	7299	Miscellaneous personal services not elsewhere classified
	7322	Debt collection agencies
	5331	Variety stores
	5262	Online Marketplaces
	6012	Financial institutions merchandise and services
	5137	Mens, womens and childrens uniforms and commercial clothing
	5732	Electronics shops
All Other Categories	5422	Freezer and locker meat provisioners
	5399	Miscellaneous general merchandise
	5441	Candy, nut and confectionery shops
	7230	Beauty and barber shops
	6211	Securities brokers and dealers
	4899	Cable and other pay television services
	4784	Tolls and bridge fees
	4121	Taxi-cabs and limousines
	9399	Government services not elsewhere classified
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Apr'23)

UPI Remitter Banks - Top 50 Banks (Apr'23)
Sr. No.	UPI Remitter Banks (Apr-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank of India	2298.06	93.37%	4.69%	1.94%	8.38	95.68%
2	HDFC BANK LTD	797.45	96.04%	3.61%	0.35%	3.29	95.17%
3	Bank of Baroda	589.97	93.37%	6.35%	0.28%	1.98	98.94%
4	Union Bank of India	558.92	94.06%	4.40%	1.54%	3.01	66.96%
5	ICICI Bank	456.92	96.67%	3.02%	0.31%	3.06	63.74%
6	Punjab National Bank	429.32	94.35%	4.53%	1.12%	2.36	85.70%
7	Kotak Mahindra Bank	420.44	94.51%	4.95%	0.54%	3.72	89.86%
8	Axis Bank Ltd	419.45	95.75%	4.12%	0.13%	1.39	77.12%
9	Canara Bank	410.23	94.14%	5.33%	0.53%	4.63	80.40%
10	Paytm Payments Bank	403.18	96.01%	3.92%	0.07%	1.04	99.58%
11	Bank of India	298.42	95.51%	4.11%	0.38%	1.57	71.04%
12	Indian Bank	241.65	94.22%	5.42%	0.36%	1.20	78.64%
13	Airtel Payments Bank	203.03	84.88%	14.70%	0.43%	0.70	88.24%
14	India Post Payment Bank	170.07	68.79%	19.69%	11.52%	0.60	67.74%
15	Central Bank Of India	143.94	89.12%	8.58%	2.30%	2.05	59.35%
16	Federal Bank	140.58	95.05%	4.84%	0.11%	0.49	90.07%
17	Indian Overseas Bank	114.60	93.86%	5.10%	1.04%	0.80	76.12%
18	IDBI Bank Limited	108.52	93.92%	4.05%	2.03%	0.66	67.01%
19	UCO Bank	106.14	93.31%	5.79%	0.90%	0.51	74.33%
20	Bank of Maharashtra	101.34	92.88%	4.44%	2.68%	0.57	73.06%
21	INDUSIND BANK	86.38	93.87%	5.50%	0.63%	0.29	93.93%
22	Yes Bank Ltd	83.98	94.30%	5.18%	0.53%	0.32	0.00%
23	Fino Payments Bank Limited	77.30	81.79%	15.43%	2.78%	0.38	79.01%
24	Karnataka Bank	73.39	90.95%	6.77%	2.28%	0.58	36.72%
25	IDFC FIRST Bank	65.41	93.84%	5.29%	0.87%	0.38	42.68%
26	Karur Vysya Bank	45.52	93.32%	6.30%	0.38%	0.18	93.95%
27	Bandhan Bank	40.20	83.17%	11.83%	5.00%	0.19	17.93%
28	South Indian Bank	35.35	95.40%	4.38%	0.22%	0.19	97.12%
29	Jammu and Kashmir Bank	28.65	85.16%	6.51%	8.33%	0.16	53.22%
30	City Union Bank	26.60	92.01%	7.23%	0.75%	0.14	82.07%
31	Ujjivan Small Finance Bank	25.30	93.44%	6.05%	0.52%	0.15	55.64%
32	AU small Finance Bank	25.25	94.73%	5.16%	0.11%	0.09	0.03%
33	Equitas Bank	24.78	89.64%	9.84%	0.51%	0.11	94.37%
34	Punjab and Sind Bank	24.18	72.89%	12.14%	14.97%	0.10	74.71%
35	Tamilnad Mercantile Bank	22.61	93.27%	6.31%	0.42%	0.08	56.86%
36	DBS Bank India Limited	22.47	95.48%	4.10%	0.42%	0.02	97.00%
37	Standard Chartered	20.58	95.48%	2.64%	1.89%	0.10	96.28%
38	Citibank	18.93	96.10%	3.34%	0.56%	0.07	94.85%
39	Andhra Pradesh Grameena Vikas Bank	18.59	81.16%	12.74%	6.10%	0.21	14.73%
40	Pragathi Krishna Gramin Bank	17.59	89.02%	10.14%	0.84%	0.21	56.54%
41	Maharashtra Gramin Bank	17.58	79.86%	14.29%	5.85%	0.22	17.55%
42	Saraswat Bank	17.41	94.12%	4.83%	1.05%	0.07	79.27%
43	ESAF Small Finance Bank Ltd.	16.00	73.35%	25.56%	1.09%	0.04	96.76%
44	Kerala Gramin Bank	15.48	90.69%	8.76%	0.55%	0.06	85.07%
45	Rajasthan Marudhara Gramin Bank	15.25	77.19%	17.48%	5.33%	0.22	10.80%
46	Andhra Pragathi Grameena Bank	12.27	55.23%	32.09%	12.68%	0.35	6.53%
47	RBL	12.05	93.08%	6.36%	0.55%	0.06	72.51%
48	Sarva Haryana Gramin Bank	11.59	91.79%	7.34%	0.87%	0.11	5.09%
49	Baroda UP Gramin Bank	11.10	85.69%	10.93%	3.38%	0.05	73.44%
50	Fincare Small Finance Bank Ltd	9.21	84.10%	11.08%	4.82%	0.02	28.26%

UPI Top 50 Banks Performance (Apr'23)

UPI Beneficiary Banks - Top 50 Banks (Apr'23)
Sr.No.	UPI Beneficiary Banks (Apr-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1973.67	99.73%	0.23%	0.04%	0.00%
2	Yes Bank Ltd	1914.76	99.98%	0.03%	0.04%	0.01%
3	State Bank of India	966.28	98.07%	0.21%	1.48%	0.23%
4	Axis Bank Ltd	636.48	99.87%	0.09%	0.01%	0.03%
5	ICICI Bank	590.66	99.57%	0.24%	0.10%	0.08%
6	HDFC BANK LTD	443.16	99.23%	0.50%	0.23%	0.04%
7	Bank of Baroda	269.46	99.50%	0.14%	0.16%	0.19%
8	Union Bank of India	260.41	99.04%	0.16%	0.74%	0.06%
9	Punjab National Bank	203.59	99.04%	0.34%	0.39%	0.24%
10	Federal Bank	202.49	99.70%	0.21%	0.05%	0.05%
11	Canara Bank	202.15	99.14%	0.11%	0.30%	0.45%
12	Kotak Mahindra Bank	198.71	97.46%	0.39%	1.65%	0.49%
13	Bank of India	147.23	99.25%	0.23%	0.48%	0.04%
14	Indian Bank	119.18	99.18%	0.18%	0.41%	0.22%
15	Airtel Payments Bank	113.09	99.23%	0.39%	0.17%	0.21%
16	INDUSIND BANK	85.37	99.20%	0.20%	0.46%	0.14%
17	Central Bank Of India	71.27	98.29%	0.58%	0.69%	0.44%
18	India Post Payment Bank	67.58	92.60%	0.94%	6.26%	0.20%
19	Indian Overseas Bank	57.66	97.84%	0.75%	1.34%	0.07%
20	UCO Bank	52.37	98.25%	0.69%	0.77%	0.30%
21	IDBI Bank Limited	51.34	98.23%	0.38%	1.35%	0.04%
22	IDFC FIRST Bank	44.42	97.52%	0.93%	1.01%	0.54%
23	Bank of Maharashtra	42.01	96.54%	0.21%	2.95%	0.30%
24	Karnataka Bank	33.81	96.15%	0.69%	2.13%	1.02%
25	Karur Vysya Bank	26.37	99.28%	0.42%	0.26%	0.04%
26	RBL	35.25	99.65%	0.60%	0.23%	0.09%
27	Fino Payments Bank Limited	25.50	97.00%	0.84%	1.99%	0.18%
28	South Indian Bank	24.07	99.54%	0.20%	0.19%	0.06%
29	Bandhan Bank	23.65	93.77%	0.33%	5.76%	0.14%
30	AU small Finance Bank	18.18	98.39%	1.34%	0.08%	0.19%
31	City Union Bank	14.52	98.36%	1.08%	0.49%	0.07%
32	Tamilnad Mercantile Bank	14.05	99.17%	0.26%	0.29%	0.29%
33	Ujjivan Small Finance Bank	13.58	98.55%	0.29%	0.33%	0.83%
34	CITI	12.49	99.31%	0.00%	0.34%	0.34%
35	Equitas Bank	11.69	97.49%	1.98%	0.40%	0.13%
36	Jammu and Kashmir Bank	11.47	94.25%	0.43%	5.24%	0.08%
37	Punjab and Sind Bank	10.98	87.57%	0.17%	12.19%	0.07%
38	Pragathi Krishna Gramin Bank	9.78	98.38%	0.27%	0.29%	1.07%
39	Kerala Gramin Bank	9.29	99.03%	0.20%	0.20%	0.57%
40	Andhra Pradesh Grameena Vikas Bank	9.21	95.46%	0.91%	2.61%	1.01%
41	DBS Bank India Limited	9.13	97.78%	1.26%	0.49%	0.47%
42	Cosmos Bank	8.23	98.97%	0.27%	0.44%	0.32%
43	Maharashtra Gramin Bank	8.21	96.55%	0.65%	2.61%	0.18%
44	ESAF Small Finance Bank Ltd.	7.27	99.05%	0.12%	0.77%	0.06%
45	Baroda UP Gramin Bank	7.15	95.43%	2.29%	2.06%	0.23%
46	Rajasthan Marudhara Gramin Bank	7.13	96.52%	0.31%	2.06%	1.12%
47	Saraswat Bank	6.39	98.39%	0.21%	1.29%	0.10%
48	Andhra Pragathi Grameena Bank	5.96	86.81%	0.34%	10.61%	2.24%
49	Sarva Haryana Gramin Bank	5.53	96.49%	0.47%	0.79%	2.25%
50	Baroda Rajasthan Kshetriya Gramin Bank	4.81	94.55%	2.61%	1.17%	1.67%

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'23)

UPI Apps (Apr'23)
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	9.04	640.16	0.00	0.00	0.00	0.00	0.00	0.06	9.04	640.22
2	Allahabad Bank Apps	0.03	8.96	0.00	0.00	0.00	0.00	0.00	0.00	0.03	8.96
3	Amazon Pay	53.44	5,351.07	0.00	0.00	0.00	0.00	0.00	0.00	53.44	5,351.07
4	AU Small Finance Bank Apps	0.63	184.93	0.00	0.00	0.00	0.00	0.00	0.00	0.63	184.93
5	Axis Bank Apps	9.36	1,584.45	42.35	282.63	0.03	2.81	0.00	0.00	51.74	1,869.89
6	Bajaj Finserv	7.68	1,053.08	0.00	0.00	0.00	0.00	0.00	0.00	7.68	1,053.08
7	Bandhan Bank Apps	0.01	1.44	0.00	0.00	0.00	0.00	0.00	0.00	0.01	1.44
8	Bank of Baroda Apps	1.06	392.74	0.00	0.00	0.00	0.00	0.00	0.00	1.06	392.74
9	Bank of India Apps	0.22	66.93	0.00	0.00	0.00	0.00	0.00	0.00	0.22	66.93
10	Bank of Maharashtra Apps	0.06	19.83	0.00	0.00	0.00	0.00	0.00	0.00	0.06	19.83
11	BHIM	23.77	7,368.61	0.00	0.00	0.00	0.00	0.00	0.00	23.77	7,368.61
12	BPAYWALLET	0.05	9.91	0.00	0.00	0.00	0.00	0.00	0.00	0.05	9.91
13	Canara Bank Apps	1.40	383.46	0.00	0.00	0.00	0.00	0.00	0.00	1.40	383.46
14	Central Bank of India Apps	0.41	91.19	0.00	0.00	0.00	0.08	0.00	0.00	0.41	91.27
15	Citi Bank Apps	0.10	58.17	0.00	0.00	0.00	0.00	0.00	0.00	0.10	58.17
16	City Union Bank Apps	0.06	18.31	0.00	0.00	0.00	0.00	0.00	0.00	0.06	18.31
17	Cointab	0.02	10.61	0.00	0.00	0.00	0.00	0.00	0.00	0.02	10.61
18	Cred	45.70	20,729.56	0.00	0.00	0.00	0.00	0.00	0.00	45.70	20,729.56
19	DBS Digibank Apps	0.41	173.13	0.00	0.00	0.00	0.00	0.00	0.00	0.41	173.13
20	Deutsche Bank Apps	1.65	142.80	0.00	0.00	0.00	0.86	0.00	0.00	1.65	143.66
21	DHANI	0.08	9.21	0.00	0.00	0.00	0.00	0.00	0.00	0.08	9.21
22	Dhanlaxmi Bank Apps	0.01	2.80	0.00	0.00	0.00	0.00	0.00	0.00	0.01	2.80
23	Equitas Small Finance Bank Apps	0.02	13.86	0.00	0.00	0.00	0.00	0.00	0.00	0.02	13.86
24	FAM	11.78	146.58	0.00	0.00	0.00	0.00	0.00	0.00	11.78	146.58
25	Fave	0.03	3.27	0.00	0.00	0.00	0.00	0.00	0.00	0.03	3.27
26	Federal Bank Apps	5.18	624.64	0.00	0.00	0.00	0.00	0.00	0.00	5.18	624.64
27	Fino Payments bank Apps	0.08	5.67	0.00	0.00	0.00	0.00	0.00	0.00	0.08	5.67
28	Google Pay	3,109.24	474,049.90	0.00	0.00	0.00	0.00	0.00	0.00	3,109.24	474,049.90
29	Groww	0.11	80.85	0.00	0.00	0.00	0.00	0.00	0.00	0.11	80.85
30	HDFC Bank Apps	14.48	3,685.33	0.00	0.00	0.00	16.48	0.00	0.00	14.48	3,701.81
31	HSBC Bank Apps	0.14	90.10	0.00	0.03	0.00	0.00	0.00	0.00	0.14	90.13
32	ICICI Bank Apps	30.69	8,941.59	5.34	323.96	5.95	7,439.02	0.00	0.00	41.98	16,704.57
33	IDBI Bank Apps	0.07	32.02	0.00	0.00	0.00	0.00	0.00	0.00	0.07	32.02
34	IDFC Bank Apps	11.96	2,274.12	0.00	0.00	0.71	591.19	0.00	0.00	12.66	2,865.32
35	India Post Payments Bank Apps	5.24	746.48	0.00	0.00	0.00	0.00	0.00	0.00	5.24	746.48
36	Indian Bank Apps	0.27	75.66	0.00	0.00	0.00	10.71	0.00	0.00	0.27	86.37
37	Indian Overseas Bank Apps	0.03	7.76	0.00	0.00	0.00	0.00	0.00	0.00	0.03	7.76
38	IndusInd Bank Apps	0.80	877.27	0.00	0.00	0.00	0.00	0.00	0.00	0.80	877.27
39	Jio Payments Bank Apps	1.49	112.21	0.00	0.00	0.00	0.00	0.00	0.00	1.49	112.21
40	Jupiter	2.72	380.27	0.00	0.00	0.00	0.00	0.00	0.00	2.72	380.27
41	Akudo & Muvin (Livquik)	0.11	4.25	0.00	0.00	0.00	0.00	0.00	0.00	0.11	4.25
42	Karnataka Bank Apps	0.51	110.35	0.00	0.00	0.00	0.00	0.00	0.00	0.51	110.35
43	Karur Vysya Bank Apps	0.04	14.19	0.00	0.00	0.00	0.00	0.00	0.00	0.04	14.19
44	Kotak Mahindra Bank Apps	13.98	2,845.64	0.00	0.00	0.00	0.01	0.00	0.00	13.98	2,845.65
45	MakeMyTrip	0.02	12.91	0.00	0.00	0.00	0.00	0.00	0.00	0.02	12.91
46	Mobikwik	3.48	923.59	0.00	0.00	0.00	0.00	0.00	0.00	3.48	923.59
47	NSDL Payments Bank Apps	0.02	3.42	0.00	0.00	0.00	0.00	0.00	0.00	0.02	3.42
48	OMNI	0.26	6.74	0.00	0.00	0.00	0.00	0.00	0.00	0.26	6.74
49	Paytm Payments Bank App	1,184.38	135,343.96	8.83	14.25	0.53	793.27	105.52	19,560.25	1,299.25	155,711.73
50	PhonePe	4,216.99	710,178.44	0.00	0.00	0.00	0.00	0.00	0.00	4,216.99	710,178.44
51	PINELABS	0.02	1.31	0.00	0.00	0.00	0.00	0.00	0.00	0.02	1.31
52	Punjab National Bank Apps	1.03	148.27	0.00	0.00	0.00	0.01	0.00	0.00	1.03	148.28
53	Punjab Sind Bank Apps	0.04	14.04	0.00	0.00	0.00	0.00	0.00	0.00	0.04	14.04
54	RBL Bank Apps	1.56	489.63	0.00	0.00	0.10	2.70	0.00	0.00	1.66	492.33
55	Samsung Pay	5.67	511.04	0.00	0.00	0.00	0.00	0.00	0.00	5.67	511.04
56	Slash	0.01	0.32	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.32
57	slice	0.66	170.62	0.00	0.00	0.00	0.00	0.00	0.00	0.66	170.62
58	South Indian Bank Apps	0.22	63.81	0.00	0.00	0.00	0.00	0.00	0.00	0.22	63.81
59	Standard Chartered Bank Apps	0.16	94.21	0.00	0.00	0.00	0.00	0.00	0.00	0.16	94.22
60	State Bank of India Apps	4.09	1,910.04	0.00	0.00	0.00	0.11	0.00	0.00	4.09	1,910.15
61	Tamilnad Mercantile Bank Apps	0.06	13.15	0.00	0.00	0.00	0.00	0.00	0.00	0.06	13.15
62	TataNeu	0.15	16.46	0.00	0.00	0.00	0.00	0.00	0.00	0.15	16.46
63	UCO Bank Apps	0.34	111.87	0.00	0.00	0.00	0.00	0.00	0.00	0.34	111.87
64	Ultracash	0.03	2.10	0.00	0.00	0.00	0.00	0.00	0.00	0.03	2.10
65	Union Bank Apps	0.74	301.17	0.00	0.00	0.00	0.00	0.00	0.00	0.74	301.17
66	Utkarsh Small Finance Bank Apps	0.02	6.43	0.00	0.00	0.00	0.00	0.00	0.00	0.02	6.43
67	WhatsApp	14.83	1,319.01	0.00	0.00	0.00	0.00	0.00	0.00	14.83	1,319.01
68	Yes Bank Apps	34.45	12,151.00	0.00	0.00	0.88	303.98	0.00	0.00	35.33	12,454.98
69	Others	0.03	8.54	0.00	0.00	0.00	0.00	0.00	0.00	0.03	8.54

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)
Apr'23	8,898.14	14,07,007.55	3,868.39	10,85,903.07	5,029.74	3,21,104.48

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'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3,144.79	98.73%	1.27%	0.00%
2	ICICI Bank	1,460.93	98.80%	1.20%	0.00%
3	Axis Bank Ltd	1,443.01	98.63%	1.37%	0.00%
4	Paytm Payments Bank	1,210.88	98.58%	1.40%	0.01%
5	State Bank Of India	939.75	98.80%	1.19%	0.01%
6	HDFC Bank Ltd	715.30	98.84%	1.16%	0.00%
7	Kotak Mahindra Bank	14.24	98.15%	1.85%	0.00%
8	IDFC FIRST Bank	12.84	99.06%	0.94%	0.00%
9	FamPay PPI	11.99	98.21%	1.79%	0.00%
10	Airtel Payments Bank	9.41	96.07%	3.89%	0.04%
11	India Post Payment Bank	5.32	98.47%	1.53%	0.00%
12	Federal Bank	5.30	98.08%	1.92%	0.00%
13	RBL Bank	2.42	98.79%	1.21%	0.00%
14	Deutsche Bank	1.65	99.95%	0.05%	0.00%
15	Jio Payments Bank	1.56	95.10%	4.22%	0.68%

UPI Payee PSP Performance (Apr'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3,179.83	99.75%	0.21%	0.04%
2	Paytm Payments Bank	2,097.58	99.44%	0.26%	0.31%
3	Axis Bank Ltd	1,109.13	99.28%	0.68%	0.04%
4	ICICI Bank	1,003.20	99.48%	0.47%	0.05%
5	HDFC Bank Ltd	407.42	99.13%	0.82%	0.05%
6	State Bank Of India	379.74	99.25%	0.48%	0.27%
7	Federal Bank	143.53	98.63%	1.07%	0.31%
8	IndusInd Bank	43.48	97.73%	1.27%	1.00%
9	Kotak Mahindra Bank	40.35	99.56%	0.32%	0.12%
10	RBL Bank	30.12	99.68%	0.21%	0.11%
11	Cosmos Bank	21.91	97.60%	2.36%	0.04%
12	Airtel Payments Bank	19.93	98.83%	0.64%	0.53%
13	IDFC FIRST Bank	18.84	95.43%	2.32%	2.25%
14	Citibank	13.13	94.90%	3.14%	1.96%
15	Bank of Baroda	8.50	87.11%	0.38%	12.52%

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 - April 23

UPI Merchant Category-wise Classification - April'23
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
	5814	Fast food restaurants
	5816	Digital Goods: Games
	5311	Department stores
	5541	Service stations (with or without ancillary services)
	5912	Drug stores and pharmacies
	5462	Bakeries
	6540	Debit card to wallet credit (Wallet top up)
Medium Transacting Categories	5451	Dairies
	4900	Utilities electric, gas, water and sanitary
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	7299	Miscellaneous personal services not elsewhere classified
	7322	Debt collection agencies
	5399	Miscellaneous general merchandise
	5331	Variety stores
	5137	Mens, womens and childrens uniforms and commercial clothing
	5262	Online Marketplaces
	6012	Financial institutions merchandise and services
All Other Categories	5732	Electronics shops
	5422	Freezer and locker meat provisioners
	5441	Candy, nut and confectionery shops
	7230	Beauty and barber shops
	4899	Cable and other pay television services
	6211	Securities brokers and dealers
	4784	Tolls and bridge fees
	9399	Government services not elsewhere classified
	4121	Taxi-cabs and limousines
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Mar'23)

UPI Remitter Banks - Top 50 Banks (Mar'23)
Sr. No.	UPI Remitter Banks (Mar-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	2260.05	92.46%	5.09%	2.45%	15.95	89.61%
2	HDFC BANK LTD	778.92	94.41%	4.74%	0.85%	4.53	93.27%
3	Bank of Baroda	572.31	93.72%	5.89%	0.39%	2.06	96.77%
4	Union Bank of India	538.68	94.84%	4.65%	0.51%	2.60	75.60%
5	ICICI Bank	444.82	96.09%	3.11%	0.80%	2.72	95.14%
6	Axis Bank Ltd.	413.87	95.79%	4.14%	0.07%	1.29	89.86%
7	Punjab National Bank	409.55	95.11%	4.78%	0.12%	1.75	82.94%
8	Canara Bank	405.45	93.97%	5.81%	0.22%	1.68	93.20%
9	Paytm Payments Bank	404.99	95.76%	4.03%	0.21%	1.22	78.26%
10	Kotak Mahindra Bank	404.38	93.76%	5.35%	0.89%	1.77	65.63%
11	Bank of India	293.39	95.42%	4.06%	0.53%	1.32	76.80%
12	Indian Bank	236.53	92.72%	5.50%	1.78%	1.52	73.10%
13	Airtel Payments Bank	193.35	86.62%	13.09%	0.30%	0.82	93.66%
14	India Post Payment Bank	158.88	75.27%	20.47%	4.26%	1.16	53.49%
15	Federal Bank	142.93	94.60%	5.10%	0.31%	0.51	92.18%
16	Central Bank Of India	141.31	90.23%	8.68%	1.09%	1.26	77.95%
17	Indian Overseas Bank	114.43	94.72%	4.75%	0.53%	0.51	94.65%
18	IDBI Bank Limited	111.97	89.17%	3.67%	7.16%	1.44	76.20%
19	UCO Bank	101.76	93.78%	5.72%	0.51%	0.53	80.64%
20	Bank of Maharashtra	100.81	91.86%	4.40%	3.74%	0.58	57.63%
21	INDUSIND BANK	83.58	94.08%	5.59%	0.32%	0.37	92.66%
22	Yes Bank Ltd	78.15	95.31%	4.26%	0.43%	0.2	81.87%
23	Fino Payments Bank	73.73	77.59%	20.33%	2.08%	0.51	61.41%
24	Karnataka Bank	72.22	92.20%	6.53%	1.28%	0.24	78.84%
25	IDFC FIRST Bank	65.54	92.41%	6.39%	1.20%	0.3	67.52%
26	Karur Vysya Bank	45.86	92.75%	6.71%	0.54%	0.18	88.19%
27	Bandhan Bank	37.63	88.08%	8.84%	3.07%	0.42	79.98%
28	South Indian Bank	37.12	94.83%	4.89%	0.28%	0.12	93.61%
29	City Union Bank	27.3	91.35%	7.78%	0.87%	0.11	92.43%
30	Jammu and Kashmir Bank	26.67	89.34%	6.29%	4.37%	0.30	43.89%
31	Equitas Bank	24.63	88.99%	10.43%	0.58%	0.00	85.92%
32	Ujjivan Small Finance Bank	24.53	93.31%	6.33%	0.35%	0.12	75.52%
33	AU small Finance Bank	24.37	94.50%	5.19%	0.30%	0.11	95.90%
34	Tamilnad Mercantile Bank	22.69	93.16%	6.60%	0.24%	0.07	84.05%
35	DBS Bank India Limited	22.51	95.46%	4.06%	0.47%	0.00	88.13%
36	Punjab and Sind Bank	21.53	89.29%	9.82%	0.90%	0.14	82.00%
37	Standard Chartered	20.28	96.72%	2.42%	0.85%	0.09	88.92%
38	Andhra Pradesh Grameena Vikas Bank	18.43	82.74%	11.63%	5.64%	0.12	51.12%
39	Citibank	18.42	95.76%	3.42%	0.83%	0.06	97.94%
40	Maharashtra Gramin Bank	17.65	79.68%	15.49%	4.83%	0.14	42.17%
41	Pragathi Krishna Gramin Bank	17.47	86.38%	10.22%	3.40%	0.19	79.06%
42	Saraswat Bank	17.1	96.72%	3.12%	0.16%	0.04	94.48%
43	Kerala Gramin Bank	16.26	89.80%	9.10%	1.11%	0.08	87.82%
44	Rajasthan Marudhara Gramin Bank	15.76	74.89%	19.11%	6.00%	0.11	34.21%
45	ESAF Small Finance Bank Ltd.	14.58	84.00%	15.03%	0.97%	0.05	82.29%
46	RBL	11.99	92.44%	6.80%	0.77%	0.00	83.60%
47	Andhra Pragathi Grameena Bank	11.75	77.24%	16.27%	6.48%	0.12	16.47%
48	Sarva Haryana Gramin Bank	11.26	89.92%	7.80%	2.28%	0.13	37.49%
49	Baroda UP Gramin Bank	10.54	84.29%	13.20%	2.51%	0.12	38.16%
50	Fincare Small Finance Bank Ltd	8.59	85.47%	10.75%	3.78%	0.12	36.94%

UPI Top 50 Banks Performance (Mar'23)

UPI Beneficiary Banks - Top 50 Banks (Mar'23)
Sr.No.	UPI Beneficiary Banks (Mar-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1921.46	99.68%	0.24%	0.06%	0.02%
2	Yes Bank Ltd	1590.23	99.88%	0.00%	0.00%	0.03%
3	State Bank Of India	972.24	98.22%	0.21%	1.41%	0.17%
4	ICICI Bank	601.02	98.26%	0.24%	1.06%	0.44%
5	Axis Bank Ltd	599.56	99.42%	0.23%	0.23%	0.12%
6	HDFC BANK LTD	443.88	98.86%	0.53%	0.42%	0.19%
7	Bank of Baroda	267.27	99.48%	0.17%	0.26%	0.10%
8	Union Bank of India	258.29	99.41%	0.17%	0.30%	0.11%
9	Canara Bank	201.82	99.57%	0.00%	0.33%	0.10%
10	Punjab National Bank	199.08	99.36%	0.36%	0.07%	0.21%
11	Federal Bank	198.1	99.50%	0.31%	0.18%	0.01%
12	Kotak Mahindra Bank	186.19	98.32%	0.43%	0.88%	0.37%
13	Bank of India	146.91	99.25%	0.23%	0.42%	0.10%
14	Indian Bank	114.41	97.90%	0.21%	1.16%	0.73%
15	Airtel Payments Bank	114	99.03%	0.23%	0.63%	0.11%
16	INDUSIND BANK	84.66	99.51%	0.21%	0.21%	0.08%
17	Central Bank Of India	71.42	98.58%	0.59%	0.43%	0.40%
18	India Post Payment Bank	66.53	97.67%	0.60%	1.64%	0.09%
19	Indian Overseas Bank	57.99	99.15%	0.51%	0.14%	0.20%
20	IDBI Bank Limited	54.35	92.67%	0.36%	6.24%	0.74%
21	UCO Bank	51.56	98.95%	0.67%	0.35%	0.03%
22	Bank of Maharashtra	42.71	94.93%	0.23%	4.45%	0.39%
23	IDFC FIRST Bank	40.8	97.07%	1.51%	1.27%	0.14%
24	Karnataka Bank	33.67	98.00%	0.63%	1.31%	0.06%
25	Karur Vysya Bank	26.9	99.23%	0.39%	0.29%	0.09%
26	South Indian Bank	24.73	99.45%	0.37%	0.17%	0.02%
27	Fino Payments Bank	24.05	97.27%	1.32%	1.41%	0.24%
28	Bandhan Bank	23.1	96.04%	0.37%	3.42%	0.17%
29	AU small Finance Bank	18.01	98.65%	1.07%	0.22%	0.06%
30	City Union Bank	14.84	98.25%	1.05%	0.59%	0.11%
31	Tamilnad Mercantile Bank	14.13	99.54%	0.25%	0.17%	0.04%
32	CITI	13.9	99.75%	0.00%	0.10%	0.15%
33	Ujjivan Small Finance Bank	13.29	99.29%	0.31%	0.22%	0.18%
34	Equitas Bank	12.24	96.03%	3.45%	0.45%	0.08%
35	Jammu and Kashmir Bank	10.84	97.08%	0.45%	2.27%	0.20%
36	Punjab and Sind Bank	10.28	99.09%	0.20%	0.63%	0.08%
37	Kerala Gramin Bank	9.92	98.85%	0.19%	0.71%	0.26%
38	Pragathi Krishna Gramin Bank	9.75	96.93%	0.26%	2.39%	0.42%
39	DBS Bank India Limited	9.25	98.16%	1.34%	0.37%	0.13%
40	Andhra Pradesh Grameena Vikas Bank	9.2	96.08%	0.11%	3.51%	0.30%
41	RBL	8.54	98.80%	0.75%	0.36%	0.09%
42	Maharashtra Gramin Bank	8.42	95.06%	1.38%	3.24%	0.32%
43	ESAF Small Finance Bank Ltd.	7.54	99.23%	0.13%	0.58%	0.06%
44	Rajasthan Marudhara Gramin Bank	7.39	95.85%	0.38%	3.45%	0.32%
45	Baroda UP Gramin Bank	7.1	95.28%	2.33%	1.68%	0.70%
46	Saraswat Bank	6.45	99.59%	0.22%	0.13%	0.06%
47	Andhra Pragathi Grameena Bank	6.39	95.45%	0.71%	3.78%	0.06%
48	Cosmos Bank	5.85	99.17%	0.26%	0.40%	0.17%
49	Sarva Haryana Gramin Bank	5.36	97.65%	0.62%	1.45%	0.28%
50	Baroda Rajasthan Kshetriya Gramin Bank	4.82	94.68%	2.49%	2.33%	0.50%

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'23)

UPI Apps (Mar'23)
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	10.66	761.39	-	-	0.00	0.00	0.00	0.11	10.66	761.51
2	Allahabad Bank Apps	0.03	8.33	-	-	-	-	-	-	0.03	8.33
3	Amazon Pay	50.56	5,360.90	-	-	-	-	-	-	50.56	5,360.90
4	AU Small Finance Bank Apps	0.62	186.48	-	-	-	-	-	-	0.62	186.48
5	Axis Bank Apps	9.31	1,700.48	48.90	273.18	0.03	3.00	-	-	58.24	1,976.67
6	Bajaj Finserv	6.70	965.35	-	-	-	-	-	-	6.70	965.35
7	Bajaj Finserv PPI	0.05	12.22	-	-	-	-	-	-	0.05	12.22
8	Bajaj Markets	0.01	0.35	-	-	-	-	-	-	0.01	0.35
9	Bandhan Bank Apps	0.01	1.50	-	-	-	-	-	-	0.01	1.50
10	Bank of America Apps	0.01	2.06	-	-	0.00	0.00	-	-	0.01	2.07
11	Bank of Baroda Apps	1.16	446.84	-	-	0.00	0.42	-	-	1.16	447.25
12	Bank of India Apps	0.23	71.14	-	-	-	-	-	-	0.23	71.14
13	Bank of Maharashtra Apps	0.06	21.29	-	-	-	-	-	-	0.06	21.29
14	BHIM	23.68	7,498.24	-	-	-	-	-	-	23.68	7,498.24
15	Canara Bank Apps	1.39	374.43	-	-	-	-	-	-	1.39	374.43
16	Central Bank of India Apps	0.36	83.48	-	-	0.00	0.09	-	-	0.36	83.56
17	Citi Bank Apps	0.12	67.55	-	-	0.00	0.01	-	-	0.12	67.55
18	City Union Bank Apps	0.06	18.93	-	-	-	-	-	-	0.06	18.93
19	Cointab	0.04	19.07	-	-	-	-	-	-	0.04	19.07
20	Cred	42.84	21,056.31	-	-	-	-	-	-	42.84	21,056.31
21	DBS Digibank Apps	0.41	177.88	-	-	-	-	-	-	0.41	177.88
22	Deutsche Bank Apps	1.72	167.84	-	-	0.02	19.27	-	-	1.73	187.11
23	Dhanlaxmi Bank Apps	0.01	3.21	-	-	-	-	-	-	0.01	3.21
24	Equitas Small Finance Bank Apps	0.02	13.57	-	-	-	-	-	-	0.02	13.57
25	Eroute	0.27	19.25	-	-	-	-	-	-	0.27	19.25
26	Fampay PPI	9.49	124.59	-	-	-	-	-	-	9.49	124.59
27	Fave	0.08	6.40	-	-	-	-	-	-	0.08	6.40
28	Federal Bank Apps	5.25	648.50	-	-	0.00	0.00	-	-	5.25	648.51
29	Fino Payments bank Apps	0.13	8.18	-	-	-	-	-	-	0.13	8.18
30	Google Pay	3,054.44	482,896.69	-	-	-	-	-	-	3,054.44	482,896.69
31	Groww	0.18	137.64	-	-	-	-	-	-	0.18	137.64
32	HDFC Bank Apps	14.22	3,644.87	-	-	0.00	0.01	-	-	14.22	3,644.88
33	HSBC Bank Apps	0.14	89.69	0.00	0.03	0.00	0.00	-	-	0.14	89.71
34	ICICI Bank Apps	29.46	8,773.27	4.87	348.16	7.26	8,502.71	-	-	41.59	17,624.14
35	IDBI Bank Apps	0.07	32.38	-	-	-	-	-	-	0.07	32.38
36	IDFC Bank Apps	13.36	2,665.21	-	-	0.67	640.96	-	-	14.02	3,306.18
37	India Post Payments Bank Apps	4.44	667.69	-	-	-	-	-	-	4.44	667.69
38	Indian Bank Apps	0.26	75.85	-	-	0.00	16.56	-	-	0.26	92.41
39	Indian Overseas Bank Apps	0.02	4.47	-	-	-	-	-	-	0.02	4.47
40	IndusInd Bank Apps	0.93	950.35	-	-	-	-	-	-	0.93	950.35
41	Janata Sahakari Bank Apps	0.01	3.74	-	-	-	-	-	-	0.01	3.74
42	Jio Payments Bank Apps	1.68	118.72	-	-	-	-	-	-	1.68	118.72
43	Jupiter	2.66	358.12	-	-	-	-	-	-	2.66	358.12
44	Karnataka Bank Apps	0.42	91.53	-	-	-	-	-	-	0.42	91.53
45	Karur Vysya Bank Apps	0.04	15.84	-	-	-	-	-	-	0.04	15.84
46	Kotak Mahindra Bank Apps	13.77	2,854.64	-	-	0.00	0.01	-	-	13.77	2,854.65
47	LivQuick PPI	0.01	0.64	-	-	-	-	-	-	0.01	0.64
48	MakeMyTrip	0.05	23.50	-	-	-	-	-	-	0.05	23.50
49	Mobikwik	3.64	937.98	-	-	-	-	-	-	3.64	937.98
50	NSDL Payments Bank Apps	0.03	3.47	-	-	-	-	-	-	0.03	3.47
51	Paytm Payments Bank App	1,169.63	133,167.49	12.95	20.36	0.55	782.71	105.25	20,459.85	1,288.38	154,430.40
52	PhonePe	4,076.32	707,410.47	-	-	-	-	-	-	4,076.32	707,410.47
53	Punjab National Bank Apps	0.43	110.59	-	-	-	-	-	-	0.43	110.59
54	Punjab Sind Bank Apps	0.04	13.74	-	-	-	-	-	-	0.04	13.74
55	RBL Bank Apps	1.79	544.09	0.00	0.00	0.09	1.89	-	-	1.88	545.98
56	Samsung Pay	5.68	528.09	-	-	-	-	-	-	5.68	528.09
57	South Indian Bank Apps	0.22	66.08	-	-	-	-	-	-	0.22	66.08
58	Standard Chartered Bank Apps	0.15	94.14	-	-	0.00	0.00	-	-	0.15	94.14
59	State Bank of India Apps	4.36	2,011.57	-	-	0.00	0.08	-	-	4.36	2,011.65
60	Tamilnad Mercantile Bank Apps	0.07	12.42	-	-	-	-	-	-	0.07	12.42
61	TataNeu	0.12	15.00	-	-	-	-	-	-	0.12	15.00
62	Transerv PPI	0.06	8.11	-	-	-	-	-	-	0.06	8.11
63	UCO Bank Apps	0.36	116.66	-	-	-	-	-	-	0.36	116.66
64	Ultracash	0.04	2.61	-	-	-	-	-	-	0.04	2.61
65	Union Bank Apps	0.75	310.24	-	-	-	-	-	-	0.75	310.24
66	Utkarsh Small Finance Bank Apps	0.02	6.35	-	-	-	-	-	-	0.02	6.35
67	WhatsApp	13.35	1,144.76	-	-	-	-	-	-	13.35	1,144.76
68	Yes Bank Apps	30.78	10,038.78	-	-	0.68	55.12	-	-	31.47	10,093.90
69	Others	0.02	5.18	-	-	-	-	-	-	0.02	5.18

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)
Mar'23	8,685.30	14,10,443.01	3,859.05	10,88,096.36	4,826.25	3,22,346.66

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'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3,027.01	98.69%	1.30%	0.00%
2	Axis Bank Ltd	1,563.99	98.72%	1.28%	0.00%
3	ICICI Bank	1,331.47	98.77%	1.23%	0.00%
4	Paytm Payments Bank	1,199.41	98.64%	1.35%	0.01%
5	State Bank Of India	941.76	98.76%	1.24%	0.00%
6	HDFC Bank Ltd	635.41	98.80%	1.20%	0.00%
7	IDFC FIRST Bank	14.40	98.21%	1.78%	0.01%
8	Kotak Mahindra Bank	14.04	98.09%	1.90%	0.02%
9	Airtel Payments Bank	11.07	96.25%	3.70%	0.05%
10	Federal Bank	5.40	98.09%	1.89%	0.01%
11	India Post Payment Bank	4.52	98.28%	1.72%	0.00%
12	RBL Bank	2.53	98.81%	1.19%	0.00%
13	Jio Payments Bank	1.76	95.74%	3.71%	0.56%
14	Deutsche Bank	1.73	99.94%	0.06%	0.00%
15	Canara Bank	1.45	95.54%	4.45%	0.01%

UPI Payee PSP Performance (Mar'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	3,113.51	99.31%	0.59%	0.09%
2	Paytm Payments Bank	2,027.97	99.59%	0.38%	0.04%
3	Axis Bank Ltd	1,055.15	99.18%	0.77%	0.05%
4	ICICI Bank	1,012.61	99.25%	0.71%	0.04%
5	HDFC Bank Ltd	406.61	99.04%	0.94%	0.03%
6	State Bank Of India	393.82	99.21%	0.67%	0.12%
7	Federal Bank	139.72	97.09%	2.39%	0.52%
8	IndusInd Bank	44.06	98.15%	1.42%	0.44%
9	Kotak Mahindra Bank	33.89	98.96%	0.68%	0.36%
10	Cosmos Bank	25.21	97.39%	2.41%	0.20%
11	Airtel Payments Bank	20.64	98.72%	0.39%	0.89%
12	IDFC FIRST Bank	17.16	89.33%	8.06%	2.61%
13	Citibank	14.03	99.07%	0.77%	0.16%
14	Bank of Baroda	8.58	87.79%	0.34%	11.87%
15	Canara Bank	8.03	99.61%	0.35%	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 Merchant Category Classification - March 23

UPI Merchant Category-wise Classification - March'23
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
	5814	Fast food restaurants
	5816	Digital Goods: Games
	5311	Department stores
	5541	Service stations (with or without ancillary services)
	5912	Drug stores and pharmacies
	5462	Bakeries
	6540	Debit card to wallet credit (Wallet top up)
Medium Transacting Categories	5451	Dairies
	4900	Utilities electric, gas, water and sanitary
	7299	Miscellaneous personal services not elsewhere classified
	5813	Drinking places (alcoholic beverages) bars, taverns, night-clubs, cocktail lounges and discothques
	7322	Debt collection agencies
	5399	Miscellaneous general merchandise
	5331	Variety stores
	6012	Financial institutions merchandise and services
	5137	Mens, womens and childrens uniforms and commercial clothing
	5422	Freezer and locker meat provisioners
All Other Categories	8999	Professional services not elsewhere classified
	5732	Electronics shops
	5262	Online Marketplaces
	6211	Securities brokers and dealers
	4899	Cable and other pay television services
	5441	Candy, nut and confectionery shops
	7230	Beauty and barber shops
	9399	Government services not elsewhere classified
	4214	Motor freight carriers and trucking local and long distance, moving and storage companies and local delivery
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Feb'23)

UPI Remitter Banks - Top 50 Banks (Feb'23)
Sr. No.	UPI Remitter Banks (Feb-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1987.68	89.00%	6.43%	4.57%	18.42	81.67%
2	HDFC BANK LTD	681.04	95.96%	3.76%	0.28%	2.93	93.36%
3	Bank of Baroda	502.38	92.92%	5.81%	1.28%	2.83	88.16%
4	Union Bank of India	472.10	93.64%	4.96%	1.40%	4.03	54.32%
5	ICICI Bank	397.14	96.50%	3.29%	0.21%	1.27	93.18%
6	Axis Bank Ltd	367.84	95.47%	4.50%	0.04%	1.26	89.52%
7	Paytm Payments Bank	360.42	96.17%	3.77%	0.06%	0.84	92.69%
8	Kotak Mahindra Bank	358.40	93.36%	5.26%	1.38%	1.70	66.32%
9	Canara Bank	354.92	93.13%	6.21%	0.66%	2.21	83.96%
10	Punjab National Bank	351.60	94.68%	4.98%	0.33%	1.70	96.95%
11	Bank of India	258.24	95.35%	4.34%	0.32%	1.23	84.48%
12	Indian Bank	202.78	93.39%	5.11%	1.49%	1.49	67.72%
13	Airtel Payments Bank	162.94	86.21%	13.11%	0.67%	0.91	93.03%
14	India Post Payment Bank	154.66	57.40%	23.33%	19.26%	6.49	31.89%
15	Federal Bank	127.02	94.17%	5.34%	0.48%	0.53	86.60%
16	Central Bank Of India	123.73	90.05%	8.78%	1.18%	1.16	74.98%
17	Indian Overseas Bank	100.80	94.23%	5.30%	0.47%	0.48	94.74%
18	IDBI Bank Limited	97.58	94.77%	4.02%	1.20%	0.57	86.98%
19	Bank of Maharashtra	89.07	94.51%	4.68%	0.81%	0.36	86.51%
20	UCO Bank	87.90	93.47%	5.87%	0.66%	0.50	79.26%
21	INDUSIND BANK	72.18	93.90%	5.89%	0.21%	0.33	96.05%
22	IDFC FIRST Bank	67.51	91.83%	4.93%	3.24%	0.64	35.14%
23	Yes Bank Ltd	66.76	95.49%	4.13%	0.38%	0.17	92.30%
24	Fino Payments Bank	66.29	76.37%	15.66%	7.97%	1.62	47.82%
25	Karnataka Bank	62.94	90.29%	7.59%	2.11%	0.34	53.91%
26	Karur Vysya Bank	40.92	92.07%	6.79%	1.14%	0.21	80.44%
27	Bandhan Bank	33.89	85.65%	11.75%	2.60%	0.40	77.08%
28	South Indian Bank	32.46	93.93%	5.15%	0.92%	0.16	67.41%
29	City Union Bank	23.61	92.89%	6.25%	0.86%	0.10	94.83%
30	Jammu and Kashmir Bank	23.46	88.47%	6.49%	5.03%	0.32	43.97%
31	Equitas Bank	21.75	89.06%	10.50%	0.44%	0.10	93.42%
32	Ujjivan Small Finance Bank	21.17	92.25%	6.71%	1.05%	0.14	63.25%
33	AU small Finance Bank	20.98	94.57%	5.36%	0.07%	0.10	96.90%
34	Tamilnad Mercantile Bank	20.22	90.23%	8.07%	1.71%	0.10	65.78%
35	DBS Bank India Limited	20.16	95.38%	4.21%	0.41%	0.08	87.64%
36	Punjab and Sind Bank	19.12	86.81%	12.41%	0.78%	0.13	78.29%
37	Standard Chartered	18.03	96.88%	2.54%	0.58%	0.07	91.16%
38	Citibank	16.98	95.34%	3.70%	0.95%	0.06	94.69%
39	Andhra Pradesh Grameena Vikas Bank	16.28	80.56%	12.46%	6.98%	0.17	32.54%
40	Saraswat Bank	15.08	95.25%	3.36%	1.39%	0.04	84.80%
41	Pragathi Krishna Gramin Bank	15.04	87.61%	10.88%	1.50%	0.14	81.24%
42	Maharashtra Gramin Bank	14.93	82.05%	15.61%	2.34%	0.12	48.33%
43	Kerala Gramin Bank	14.21	89.20%	10.23%	0.57%	0.07	91.07%
44	ESAF Small Finance Bank Ltd.	13.60	77.06%	21.90%	1.04%	0.06	85.84%
45	Rajasthan Marudhara Gramin Bank	12.76	80.63%	10.95%	8.41%	0.09	48.40%
46	RBL	10.51	93.16%	6.49%	0.35%	0.04	95.27%
47	Andhra Pragathi Grameena Bank	10.06	77.17%	14.54%	8.29%	0.11	23.55%
48	Sarva Haryana Gramin Bank	10.03	83.21%	7.66%	9.13%	0.25	17.54%
49	Baroda UP Gramin Bank	8.91	85.45%	12.15%	2.39%	0.06	75.51%
50	Baroda Rajasthan Kshetriya Gramin Bank	7.42	82.62%	11.38%	6.00%	0.07	45.77%

UPI Top 50 Banks Performance (Feb'23)

UPI Beneficiary Banks - Top 50 Banks (Feb'23)
Sr.No.	UPI Beneficiary Banks (Feb-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1657.41	99.76%	0.21%	0.02%	0.01%
2	Yes Bank Ltd	1186.10	99.85%	0.11%	0.03%	0.01%
3	State Bank Of India	855.15	96.01%	0.26%	3.40%	0.33%
4	ICICI Bank	528.24	99.55%	0.30%	0.11%	0.04%
5	Axis Bank Ltd.	516.94	99.83%	0.14%	0.01%	0.02%
6	HDFC BANK LTD	379.92	99.19%	0.63%	0.09%	0.09%
7	Bank of Baroda	236.71	98.48%	0.41%	0.95%	0.16%
8	Union Bank of India	227.08	98.78%	0.23%	0.66%	0.33%
9	Canara Bank	176.74	99.31%	0.00%	0.57%	0.12%
10	Punjab National Bank	171.55	99.19%	0.44%	0.18%	0.18%
11	Federal Bank	168.80	99.44%	0.31%	0.23%	0.02%
12	Kotak Mahindra Bank	162.23	98.34%	0.57%	0.49%	0.60%
13	Bank of India	129.73	99.45%	0.29%	0.18%	0.08%
14	Airtel Payments Bank	100.18	98.73%	0.27%	0.76%	0.25%
15	Indian Bank	99.83	98.27%	0.39%	1.06%	0.28%
16	INDUSIND BANK	69.51	99.50%	0.25%	0.15%	0.11%
17	Central Bank Of India	62.78	98.27%	0.72%	0.62%	0.39%
18	India Post Payment Bank	58.50	84.59%	1.48%	11.82%	2.11%
19	Indian Overseas Bank	50.96	99.49%	0.25%	0.10%	0.16%
20	IDBI Bank Limited	47.42	98.37%	0.45%	1.04%	0.14%
21	IDFC FIRST Bank	45.95	93.43%	1.80%	4.07%	0.70%
22	UCO Bank	44.98	98.61%	0.71%	0.59%	0.08%
23	Bank of Maharashtra	37.78	98.86%	0.30%	0.65%	0.20%
24	Karnataka Bank	29.54	96.64%	0.88%	2.27%	0.21%
25	Karur Vysya Bank	24.17	98.57%	0.55%	0.72%	0.17%
26	Fino Payments Bank	21.97	92.06%	1.98%	4.49%	1.47%
27	South Indian Bank	21.60	99.06%	0.26%	0.56%	0.12%
28	Bandhan Bank	20.09	96.53%	0.50%	2.66%	0.31%
29	AU small Finance Bank	15.82	98.24%	1.71%	0.05%	0.01%
30	City Union Bank	13.11	98.56%	0.82%	0.53%	0.09%
31	Tamilnad Mercantile Bank	12.46	98.29%	0.36%	1.24%	0.10%
32	Ujjivan Small Finance Bank	11.51	98.64%	0.40%	0.74%	0.23%
33	Equitas Bank	11.17	97.15%	2.64%	0.19%	0.02%
34	CITI	11.09	99.67%	0.00%	0.15%	0.18%
35	Jammu and Kashmir Bank	9.04	96.05%	0.53%	3.19%	0.23%
36	Punjab and Sind Bank	9.03	99.18%	0.23%	0.50%	0.10%
37	Kerala Gramin Bank	8.73	99.42%	0.19%	0.18%	0.22%
38	Pragathi Krishna Gramin Bank	8.39	98.70%	0.34%	0.62%	0.34%
39	DBS Bank India Limited	8.30	98.10%	1.49%	0.26%	0.16%
40	Andhra Pradesh Grameena Vikas Bank	8.06	95.05%	0.30%	3.77%	0.88%
41	RBL	7.24	98.78%	1.12%	0.09%	0.02%
42	Maharashtra Gramin Bank	7.17	97.62%	1.03%	1.09%	0.27%
43	ESAF Small Finance Bank Ltd.	6.66	99.15%	0.18%	0.56%	0.11%
44	Rajasthan Marudhara Gramin Bank	6.66	93.33%	0.43%	5.95%	0.29%
45	Baroda UP Gramin Bank	6.22	94.98%	2.40%	2.42%	0.20%
46	Saraswat Bank	5.83	97.57%	0.29%	2.09%	0.05%
47	Andhra Pragathi Grameena Bank	5.66	91.88%	0.81%	7.12%	0.19%
48	Sarva Haryana Gramin Bank	4.75	92.46%	0.67%	5.81%	1.06%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.29	92.30%	2.45%	4.80%	0.45%
50	Karnataka Vikas Grameena Bank	3.73	93.60%	0.24%	5.70%	0.46%

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'23)

UPI Apps (Feb'23)
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	8.71	730.35	-	-	0.00	0.01	0.00	0.09	8.71	730.45
2	Allahabad Bank Apps	0.03	8.47	-	-	-	-	-	-	0.03	8.47
3	Amazon Pay	47.80	4,981.82	-	-	-	-	-	-	47.80	4,981.82
4	AU Small Finance Bank Apps	0.55	165.07	-	-	-	-	-	-	0.55	165.07
5	Axis Bank Apps	7.74	1,352.53	44.19	58.61	0.03	2.82	-	-	51.95	1,413.95
6	Bajaj Finserv	5.44	882.75	-	-	-	-	-	-	5.44	882.75
7	Bandhan Bank Apps	0.01	1.71	-	-	-	-	-	-	0.01	1.71
8	Bank of Baroda Apps	1.14	408.18	-	-	0.00	1.15	-	-	1.14	409.33
9	Bank of India Apps	0.24	68.69	0.00	0.00	-	-	-	-	0.24	68.69
10	Bank of Maharashtra Apps	0.07	19.02	-	-	-	-	-	-	0.07	19.02
11	BHIM	23.21	7,158.37	-	-	-	-	-	-	23.21	7,158.37
12	Bajaj Finserv	0.01	3.43	-	-	-	-	-	-	0.01	3.43
13	Canara Bank Apps	1.09	284.23	-	-	-	-	-	-	1.09	284.23
14	Central Bank of India Apps	0.32	72.05	-	-	0.00	0.10	-	-	0.32	72.15
15	Citi Bank Apps	0.08	59.37	-	-	0.00	0.00	-	-	0.08	59.37
16	City Union Bank Apps	0.06	15.94	-	-	-	-	-	-	0.06	15.94
17	Cointab	0.04	16.40	-	-	-	-	-	-	0.04	16.40
18	Cred	36.57	17,902.20	-	-	-	-	-	-	36.57	17,902.20
19	DBS Digibank Apps	0.39	161.51	-	-	-	-	-	-	0.39	161.51
20	Deutsche Bank Apps	1.31	112.45	-	-	0.01	5.90	-	-	1.32	118.35
21	Transerv	0.02	3.13	-	-	-	-	-	-	0.02	3.13
22	Dhanlaxmi Bank Apps	0.01	2.67	-	-	-	-	-	-	0.01	2.67
23	Equitas Small Finance Bank Apps	0.02	11.41	-	-	-	-	-	-	0.02	11.41
24	EROUTE	0.17	6.08	-	-	-	-	-	-	0.17	6.08
25	FamPay PPI	1.60	21.73	-	-	-	-	-	-	1.60	21.73
26	Fave	0.11	7.08	-	-	-	-	-	-	0.11	7.08
27	Federal Bank Apps	4.76	590.97	-	-	0.00	0.00	-	-	4.76	590.97
28	Fino Payments bank Apps	0.10	6.50	-	-	-	-	-	-	0.10	6.50
29	Google Pay	2,639.55	424,442.48	-	-	-	-	-	-	2,639.55	424,442.48
30	Groww	0.21	158.90	-	-	-	-	-	-	0.21	158.90
31	HDFC Bank Apps	11.87	3,116.03	-	-	0.00	0.14	-	-	11.87	3,116.17
32	HSBC Bank Apps	0.12	73.02	0.00	0.02	0.00	0.00	-	-	0.12	73.04
33	ICICI Bank Apps	28.99	8,054.44	5.68	390.60	5.84	6,386.36	-	-	40.52	14,831.40
34	IDBI Bank Apps	0.07	29.25	-	-	-	-	-	-	0.07	29.25
35	IDFC Bank Apps	21.31	2,176.07	-	-	0.98	868.14	-	-	22.28	3,044.21
36	India Post Payments Bank Apps	4.05	609.49	-	-	-	-	-	-	4.05	609.49
37	Indian Bank Apps	0.24	68.44	-	-	0.00	0.13	-	-	0.24	68.57
38	Indian Overseas Bank Apps	0.01	2.31	-	-	-	-	-	-	0.01	2.31
39	IndusInd Bank Apps	0.78	848.43	-	-	-	-	-	-	0.78	848.43
40	Jio Payments Bank Apps	1.50	104.03	-	-	-	-	-	-	1.50	104.03
41	Jupiter	2.39	314.07	-	-	-	-	-	-	2.39	314.07
42	Karnataka Bank Apps	0.39	88.38	-	-	-	-	-	-	0.39	88.38
43	Karur Vysya Bank Apps	0.04	14.78	-	-	-	-	-	-	0.04	14.78
44	Kotak Mahindra Bank Apps	12.09	2,521.61	-	-	0.00	0.03	-	-	12.09	2,521.65
45	MakeMyTrip	0.05	22.70	-	-	-	-	-	-	0.05	22.70
46	Mobikwik	3.39	804.92	-	-	-	-	-	-	3.39	804.92
47	NSDL Payments Bank Apps	0.02	3.00	-	-	-	-	-	-	0.02	3.00
48	Paytm Payments Bank App	1,027.97	116,864.36	10.52	17.08	0.43	621.78	98.61	19,025.03	1,137.53	136,528.25
49	PhonePe	3,519.12	620,121.97	-	-	-	-	-	-	3,519.12	620,121.97
50	Punjab National Bank Apps	0.33	90.01	-	-	-	-	-	-	0.33	90.01
51	Punjab Sind Bank Apps	0.04	12.34	-	-	-	-	-	-	0.04	12.34
52	RBL Bank Apps	1.65	487.72	0.00	0.00	0.10	1.72	-	-	1.74	489.45
53	Samsung Pay	5.24	488.33	-	-	-	-	-	-	5.24	488.33
54	Slash	0.01	0.49	-	-	-	-	-	-	0.01	0.49
55	slice	0.47	117.78	-	-	-	-	-	-	0.47	117.78
56	South Indian Bank Apps	0.20	54.81	-	-	-	-	-	-	0.20	54.81
57	Standard Chartered Bank Apps	0.14	82.79	0.00	0.00	-	-	-	-	0.14	82.79
58	State Bank of India Apps	3.72	1,753.88	-	-	0.00	0.05	-	-	3.72	1,753.93
59	Tamilnad Mercantile Bank Apps	0.06	10.21	-	-	-	-	-	-	0.06	10.21
60	TataNeu	0.13	14.54	-	-	-	-	-	-	0.13	14.54
61	UCO Bank Apps	0.31	97.44	-	-	-	-	-	-	0.31	97.44
62	Ultracash	0.03	1.67	-	-	-	-	-	-	0.03	1.67
63	Union Bank Apps	0.71	280.27	-	-	-	-	-	-	0.71	280.27
64	Utkarsh Small Finance Bank Apps	0.02	9.01	-	-	-	-	-	-	0.02	9.01
65	WhatsApp	11.63	970.67	-	-	-	-	-	-	11.63	970.67
66	Yes Bank Apps	25.89	7,481.18	-	-	0.66	37.06	-	-	26.55	7,518.24
67	Others	0.03	9.01	0.00	-	0.00	0.00	0.00	-	0.03	9.01

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)
Feb'23	7,534.76	12,35,846.62	3,381.56	9,56,834.37	4,153.20	2,79,012.26

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'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,647.71	98.19%	1.56%	0.26%
2	Axis Bank Ltd	1,406.78	98.26%	1.53%	0.21%
3	ICICI Bank	1,195.11	98.31%	1.46%	0.23%
4	Paytm Payments Bank	1,058.33	98.17%	1.59%	0.24%
5	State Bank Of India	672.74	98.17%	1.59%	0.24%
6	HDFC Bank Ltd	596.39	98.47%	1.33%	0.20%
7	IDFC FIRST Bank	23.00	97.51%	2.47%	0.02%
8	Kotak Mahindra Bank	12.37	97.76%	2.24%	0.00%
9	Airtel Payments Bank	9.11	95.63%	4.26%	0.11%
10	Federal Bank	4.92	97.44%	2.40%	0.16%
11	India Post Payment Bank	4.14	97.76%	2.22%	0.01%
12	RBL Bank	2.29	98.88%	1.07%	0.05%
13	Jio Payments Bank	1.58	94.85%	4.50%	0.64%
14	Deutsche Bank	1.32	99.94%	0.06%	0.00%
15	Bank of Baroda	1.28	89.14%	10.52%	0.34%

UPI Payee PSP Performance (Feb'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,728.98	99.45%	0.54%	0.01%
2	Paytm Payments Bank	1,734.74	99.56%	0.43%	0.00%
3	Axis Bank Ltd	915.58	98.99%	1.00%	0.00%
4	ICICI Bank	882.18	99.55%	0.43%	0.02%
5	HDFC Bank Ltd	351.19	98.99%	0.99%	0.02%
6	State Bank Of India	333.55	98.94%	0.86%	0.20%
7	Federal Bank	115.80	97.62%	1.94%	0.44%
8	IndusInd Bank	34.53	98.29%	1.58%	0.12%
9	Kotak Mahindra Bank	28.51	99.17%	0.82%	0.01%
10	IDFC FIRST Bank	22.78	89.05%	10.24%	0.70%
11	Airtel Payments Bank	21.85	97.65%	1.39%	0.96%
12	Cosmos Bank	21.77	77.80%	19.86%	2.34%
13	Citibank	11.24	98.68%	1.00%	0.32%
14	Bank of Baroda	7.51	86.93%	12.49%	0.58%
15	Canara Bank	6.68	99.19%	0.79%	0.03%

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 - February 23

UPI Merchant Category-wise Classification - February'23
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
	5814	Fast food restaurants
	5816	Digital Goods – Games
	5541	Service stations (with or without ancillary services)
	5311	Department stores
	5912	Drug stores and pharmacies
	5462	Bakeries
	7299	Miscellaneous personal services not elsewhere classified
Medium Transacting Categories	6540	Debit card to wallet credit (Wallet top up)*
	4900	Utilities - electric, gas, water and sanitary
	5451	Dairies
	5813	Drinking places (alcoholic beverages) - bars, taverns, night-clubs, cocktail lounges and discothèques
	7322	Debt collection agencies
	5399	Miscellaneous general merchandise
	6012	Financial institutions - merchandise and services
	8999	Professional services not elsewhere classified
	5999	Miscellaneous and speciality retail outlets
	5422	Freezer and locker meat provisioners
All Other Categories	6211	Securities - brokers and dealers
	5499	Miscellaneous food shops convenience and speciality retail outlets
	9399	Government services - not elsewhere classified
	5732	Electronics shops
	4899	Cable and other pay television services
	4214	Motor freight carriers and trucking - local and long distance, moving and storage companies and local delivery
	7399	Business services not elsewhere classified
	4784	Tolls and bridge fees
	5172	Petroleum and petroleum products
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Jan'23)

UPI Remitter Banks - Top 50 Banks (Jan'23)
Sr. No.	UPI Remitter Banks (Jan-2023)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	2153.2	91.62%	6.19%	2.20%	12	96.00%
2	HDFC BANK LTD	708.14	95.29%	4.37%	0.35%	2.61	97.71%
3	Bank of Baroda	522.75	93.00%	6.12%	0.87%	2.83	82.99%
4	Union Bank of India	500.43	93.00%	6.60%	0.40%	2.31	81.66%
5	ICICI Bank	421.23	95.62%	3.34%	1.04%	2.22	91.47%
6	Axis Bank Ltd.	390.33	95.64%	3.88%	0.48%	1.24	90.07%
7	Paytm Payments Bank	389.61	96.32%	3.61%	0.07%	0.9	89.58%
8	Kotak Mahindra Bank	371.3	94.43%	4.72%	0.85%	2.26	15.20%
9	Canara Bank	369.95	93.21%	6.32%	0.47%	1.78	86.22%
10	Punjab National Bank	364.04	92.81%	5.57%	1.62%	3.46	53.26%
11	Bank of India	273.77	94.88%	4.50%	0.62%	1.33	75.07%
12	Indian Bank	213.14	93.64%	5.59%	0.77%	1.04	84.56%
13	Airtel Payments Bank	173.73	83.53%	15.88%	0.59%	0.83	97.11%
14	India Post Payment Bank	159.78	68.12%	18.91%	12.96%	2.75	70.58%
15	Federal Bank	133.32	94.54%	5.40%	0.06%	0.44	98.41%
16	Central Bank Of India	130.32	89.97%	8.88%	1.15%	1.24	78.08%
17	Indian Overseas Bank	104.67	94.07%	5.14%	0.79%	0.48	95.90%
18	IDBI Bank Limited	104.4	93.90%	3.97%	2.13%	0.72	86.08%
19	Bank of Maharashtra	94.74	94.02%	4.69%	1.29%	0.38	85.25%
20	UCO Bank	92.46	93.03%	6.03%	0.94%	0.61	68.02%
21	Yes Bank Ltd	75.46	95.40%	3.91%	0.69%	0.18	91.05%
22	INDUSIND BANK	74.98	93.48%	6.05%	0.47%	0.35	90.69%
23	IDFC FIRST Bank	72.81	94.38%	4.82%	0.79%	0.34	58.42%
24	Karnataka Bank	68.47	89.40%	9.21%	1.39%	0.25	77.61%
25	Fino Payments Bank	68.27	79.03%	15.53%	5.44%	1.13	50.39%
26	Karur Vysya Bank	43.55	92.38%	6.94%	0.68%	0.19	79.74%
27	Bandhan Bank	35.86	85.78%	8.82%	5.40%	0.54	69.17%
28	South Indian Bank	33.93	94.46%	5.26%	0.28%	0.11	87.34%
29	City Union Bank	24.81	92.78%	6.38%	0.84%	0.11	97.29%
30	Jammu and Kashmir Bank	24.02	91.59%	7.25%	1.16%	0.13	83.03%
31	Equitas Bank	23.44	84.67%	13.00%	2.33%	0.14	64.32%
32	Ujjivan Small Finance Bank	22.65	88.59%	6.97%	4.44%	0.21	49.41%
33	AU small Finance Bank	21.95	93.85%	6.01%	0.14%	0.1	97.88%
34	DBS Bank India Limited	21.51	95.60%	4.31%	0.09%	0.07	93.93%
35	Tamilnad Mercantile Bank	21.15	90.07%	8.34%	1.59%	0.11	54.00%
36	Punjab and Sind Bank	20.36	82.29%	16.78%	0.94%	0.15	69.58%
37	Standard Chartered	19.02	96.35%	2.67%	0.98%	0.1	84.74%
38	Citibank	18.45	95.06%	4.04%	0.90%	0.07	93.43%
39	Andhra Pradesh Grameena Vikas Bank	17.28	84.81%	11.32%	3.87%	0.11	44.79%
40	Pragathi Krishna Gramin Bank	16.31	86.54%	12.68%	0.78%	0.09	92.02%
41	Maharashtra Gramin Bank	16.24	79.69%	14.63%	5.68%	0.15	36.27%
42	Saraswat Bank	16.14	95.60%	3.84%	0.55%	0.05	74.67%
43	Kerala Gramin Bank	14.62	88.71%	10.47%	0.82%	0.08	86.36%
44	ESAF Small Finance Bank Ltd.	13.53	82.67%	16.20%	1.12%	0.05	84.62%
45	Rajasthan Marudhara Gramin Bank	13.29	80.76%	11.92%	7.32%	0.13	29.85%
46	Sarva Haryana Gramin Bank	10.72	79.36%	11.31%	9.33%	0.1	49.73%
47	RBL	10.64	90.93%	7.44%	1.63%	0.07	72.58%
48	Andhra Pragathi Grameena Bank	9.99	83.50%	13.64%	2.86%	0.13	14.05%
49	Baroda UP Gramin Bank	9.71	79.21%	11.93%	8.86%	0.15	35.44%
50	Baroda Rajasthan Kshetriya Gramin Bank	8.11	81.15%	9.94%	8.91%	0.12	29.79%

UPI Top 50 Banks Performance (Jan'23)

UPI Beneficiary Banks - Top 50 Banks (Jan'23)
Sr.No.	UPI Beneficiary Banks (Jan-2023)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1,765.87	99.73%	0.24%	0.02%	0.01%
2	Yes Bank Ltd	1,463.71	99.81%	0.08%	0.11%	0.02%
3	State Bank Of India	931.08	98.52%	0.22%	1.09%	0.17%
4	Axis Bank Ltd.	557.09	99.82%	0.11%	0.05%	0.02%
5	ICICI Bank	554.66	98.92%	0.34%	0.68%	0.05%
6	HDFC BANK LTD	401.11	99.15%	0.59%	0.20%	0.06%
7	Bank of Baroda	247.34	98.89%	0.28%	0.45%	0.37%
8	Union Bank of India	241.58	99.47%	0.24%	0.20%	0.09%
9	Canara Bank	186.89	99.37%	0.32%	0.22%	0.09%
10	Federal Bank	178.23	99.72%	0.27%	0.01%	0.00%
11	Punjab National Bank	176.63	98.41%	0.47%	0.93%	0.20%
12	Kotak Mahindra Bank	170.88	98.84%	0.50%	0.36%	0.30%
13	Bank of India	138.67	99.22%	0.25%	0.41%	0.11%
14	Airtel Payments Bank	108.80	98.80%	0.45%	0.45%	0.30%
15	Indian Bank	104.40	99.10%	0.29%	0.45%	0.17%
16	INDUSIND BANK	69.86	99.21%	0.31%	0.42%	0.06%
17	India Post Payment Bank	67.23	88.28%	1.39%	9.93%	0.40%
18	Central Bank Of India	65.86	98.48%	0.59%	0.48%	0.45%
19	Indian Overseas Bank	53.55	99.27%	0.24%	0.28%	0.21%
20	IDBI Bank Limited	50.98	98.37%	0.39%	0.98%	0.27%
21	IDFC FIRST Bank	49.12	97.50%	1.28%	0.95%	0.27%
22	UCO Bank	47.69	98.37%	0.76%	0.72%	0.15%
23	Bank of Maharashtra	40.78	97.54%	0.31%	1.96%	0.19%
24	Karnataka Bank	32.13	97.12%	0.72%	2.09%	0.07%
25	Karur Vysya Bank	25.90	99.00%	0.47%	0.43%	0.10%
26	Fino Payments Bank	23.15	93.70%	1.96%	3.42%	0.92%
27	South Indian Bank	22.95	99.31%	0.47%	0.19%	0.03%
28	Bandhan Bank	21.74	94.22%	0.48%	4.97%	0.33%
29	AU small Finance Bank	16.74	98.23%	1.67%	0.10%	0.01%
30	City Union Bank	13.81	98.68%	0.72%	0.52%	0.08%
31	Tamilnad Mercantile Bank	13.05	97.42%	0.84%	1.56%	0.18%
32	CITI	12.32	99.80%	0.00%	0.06%	0.14%
33	Ujjivan Small Finance Bank	12.16	95.24%	0.30%	4.01%	0.45%
34	Equitas Bank	11.81	95.43%	2.40%	1.97%	0.20%
35	Punjab and Sind Bank	9.20	99.06%	0.21%	0.57%	0.16%
36	Kerala Gramin Bank	9.19	98.94%	0.47%	0.30%	0.28%
37	Pragathi Krishna Gramin Bank	9.08	99.04%	0.40%	0.29%	0.28%
38	Jammu and Kashmir Bank	8.93	98.78%	0.52%	0.66%	0.04%
39	DBS Bank India Limited	8.93	98.35%	1.49%	0.03%	0.13%
40	Andhra Pradesh Grameena Vikas Bank	8.77	97.47%	0.12%	1.97%	0.43%
41	Maharashtra Gramin Bank	7.54	97.16%	0.64%	1.79%	0.40%
42	ESAF Small Finance Bank Ltd.	7.13	99.08%	0.19%	0.69%	0.04%
43	RBL	6.98	97.73%	1.33%	0.78%	0.16%
44	Rajasthan Marudhara Gramin Bank	6.82	95.99%	0.39%	3.23%	0.40%
45	Baroda UP Gramin Bank	6.53	88.73%	2.25%	8.17%	0.84%
46	Saraswat Bank	6.22	99.31%	0.23%	0.39%	0.08%
47	Andhra Pragathi Grameena Bank	5.78	97.24%	0.56%	2.12%	0.08%
48	Sarva Haryana Gramin Bank	5.07	90.27%	0.67%	8.79%	0.27%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.64	90.05%	2.30%	6.84%	0.81%
50	Karnataka Vikas Grameena Bank	3.98	98.50%	0.24%	1.10%	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.
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 (Jan'23)

UPI Apps (Jan'23)
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	9.77	834.52	-	-	0.00	0.02	0.00	0.10	9.77	834.63
2	Allahabad Bank Apps	0.03	9.17	-	-	-	-	-	-	0.03	9.17
3	Amazon Pay	57.75	5,797.03	-	-	-	-	-	-	57.75	5,797.03
4	AU Small Finance Bank Apps	0.58	181.45	-	-	-	-	-	-	0.58	181.45
5	Axis Bank Apps	8.24	1,419.65	48.00	43.47	0.03	4.51	-	-	56.28	1,467.64
6	Bajaj Finserv	5.01	812.40	-	-	-	-	-	-	5.01	812.40
7	Bajaj Markets	0.01	0.50	-	-	-	-	-	-	0.01	0.50
8	Bandhan Bank Apps	0.01	1.47	-	-	-	-	-	-	0.01	1.47
9	Bank of Baroda Apps	1.10	423.46	-	-	0.00	0.00	-	-	1.10	423.46
10	Bank of India Apps	0.24	70.34	-	-	-	-	-	-	0.24	70.34
11	Bank of Maharashtra Apps	0.08	20.39	-	-	-	-	-	-	0.08	20.39
12	BHIM	24.96	8,164.65	-	-	-	-	-	-	24.96	8,164.65
13	Canara Bank Apps	1.08	289.29	-	-	-	-	-	-	1.08	289.29
14	Central Bank of India Apps	0.31	68.65	-	-	0.00	0.02	-	-	0.31	68.68
15	Citi Bank Apps	0.12	71.81	-	-	0.00	0.00	-	-	0.12	71.81
16	City Union Bank Apps	0.05	15.51	-	-	-	-	-	-	0.05	15.51
17	Cointab	0.05	21.16	-	-	-	-	-	-	0.05	21.16
18	Cred	35.18	19,106.82	-	-	-	-	-	-	35.18	19,106.82
19	DBS Digibank Apps	0.41	174.02	-	-	-	-	-	-	0.41	174.02
20	Deutsche Bank Apps	1.30	131.72	-	-	0.02	18.58	-	-	1.31	150.29
21	Dhanlaxmi Bank Apps	0.01	2.76	-	-	-	-	-	-	0.01	2.76
22	Equitas Small Finance Bank Apps	0.02	13.02	-	-	-	-	-	-	0.02	13.02
23	Eroute	0.08	2.29	-	-	-	-	-	-	0.08	2.29
24	Fampay PPI	12.80	175.63	-	-	0.00	0.01	-	-	12.80	175.64
25	Fave	0.11	7.87	-	-	-	-	-	-	0.11	7.87
26	Federal Bank Apps	4.72	604.60	-	-	0.00	0.00	-	-	4.72	604.61
27	Fino Payments bank Apps	0.11	7.51	-	-	-	-	-	-	0.11	7.51
28	GoIbibo	0.01	1.60	-	-	-	-	-	-	0.01	1.60
29	Google Pay	2,782.42	443,725.01	-	-	-	-	-	-	2,782.42	443,725.01
30	Groww	0.19	152.17	-	-	-	-	-	-	0.19	152.17
31	HDFC Bank Apps	12.30	3,324.64	-	-	0.00	0.16	-	-	12.30	3,324.81
32	HSBC Bank Apps	0.13	75.54	0.00	0.04	0.00	0.00	-	-	0.13	75.58
33	ICICI Bank Apps	32.96	8,950.32	5.27	376.42	6.90	7,761.41	-	-	45.14	17,088.16
34	IDBI Bank Apps	0.07	30.81	-	-	-	-	-	-	0.07	30.81
35	IDFC Bank Apps	10.82	1,635.62	-	-	0.66	586.58	-	-	11.47	2,222.20
36	India Post Payments Bank Apps	5.43	707.37	-	-	-	-	-	-	5.43	707.37
37	Indian Bank Apps	0.26	73.38	-	-	-	-	-	-	0.26	73.38
38	Indian Overseas Bank Apps	0.01	2.31	-	-	-	-	-	-	0.01	2.31
39	IndusInd Bank Apps	0.84	962.09	-	-	-	-	-	-	0.84	962.09
40	Janata Sahakari Bank Apps	0.01	3.98	-	-	-	-	-	-	0.01	3.98
41	Jio Payments Bank Apps	1.59	108.84	-	-	-	-	-	-	1.59	108.84
42	Jupiter	2.49	323.88	-	-	-	-	-	-	2.49	323.88
43	Karnataka Bank Apps	0.40	85.81	-	-	-	-	-	-	0.40	85.81
44	Karur Vysya Bank Apps	0.04	15.27	-	-	-	-	-	-	0.04	15.27
45	Kotak Mahindra Bank Apps	12.14	2,612.59	-	-	0.00	0.01	-	-	12.14	2,612.60
46	MakeMyTrip	0.08	35.59	-	-	-	-	-	-	0.08	35.59
47	Mobikwik	3.49	785.48	-	-	-	-	-	-	3.49	785.48
48	NSDL Payments Bank Apps	0.02	3.00	-	-	-	-	-	-	0.02	3.00
50	Paytm Payments Bank App	1,076.75	119,647.31	7.75	18.10	0.46	638.22	105.94	19,369.36	1,190.89	139,673.00
51	PhonePe	3,802.67	651,108.51	-	-	-	-	-	-	3,802.67	651,108.51
52	Punjab National Bank Apps	0.25	82.15	-	-	0.00	0.00	-	-	0.25	82.15
53	Punjab Sind Bank Apps	0.04	13.08	-	-	-	-	-	-	0.04	13.08
54	RBL Bank Apps	1.22	241.36	0.00	0.00	0.09	1.52	-	-	1.32	242.88
55	Samsung Pay	5.52	523.73	-	-	-	-	-	-	5.52	523.73
56	Slash	0.01	0.68	-	-	-	-	-	-	0.01	0.68
57	slice	0.22	45.82	-	-	-	-	-	-	0.22	45.82
58	South Indian Bank Apps	0.19	56.75	-	-	-	-	-	-	0.19	56.75
59	Standard Chartered Bank Apps	0.15	85.16	0.00	0.00	-	-	-	-	0.15	85.16
60	State Bank of India Apps	4.06	1,901.92	-	-	0.00	0.00	-	-	4.06	1,901.92
61	Tamilnad Mercantile Bank Apps	0.07	11.67	-	-	-	-	-	-	0.07	11.67
62	TataNeu	0.11	14.79	-	-	-	-	-	-	0.11	14.79
63	Transerv	0.01	0.71	-	-	-	-	-	-	0.01	0.71
64	UCO Bank Apps	0.32	101.06	-	-	-	-	-	-	0.32	101.06
65	Ultracash	0.04	2.25	-	-	-	-	-	-	0.04	2.25
66	Union Bank Apps	0.80	303.93	-	-	-	-	-	-	0.80	303.93
67	Utkarsh Small Finance Bank Apps	0.02	8.35	-	-	-	-	-	-	0.02	8.35
68	WhatsApp	11.47	963.12	-	-	-	-	-	-	11.47	963.12
69	Yes Bank Apps	33.37	12,047.35	-	-	0.59	69.27	-	-	33.96	12,116.61
70	Others	0.02	5.57	0.00	0.00	0.00	0.00	0.00	0.00	0.02	5.57

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)
Jan'23	8,036.89	12,98,726.62	3,625.95	9,97,781.02	4,410.94	3,00,945.60

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 (Jan'23)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,824.37	98.58%	1.41%	0.02%
2	Axis Bank Ltd	1,479.23	98.59%	1.40%	0.01%
3	ICICI Bank	1,252.34	98.66%	1.30%	0.03%
4	Paytm Payments Bank	1,100.84	98.56%	1.43%	0.02%
5	State Bank Of India	710.82	98.41%	1.57%	0.01%
6	HDFC Bank Ltd	686.19	98.93%	1.06%	0.01%
7	IDFC FIRST Bank	24.84	98.21%	1.78%	0.01%
8	Kotak Mahindra Bank	12.41	97.80%	2.19%	0.01%
9	Airtel Payments Bank	10.12	96.48%	3.48%	0.05%
10	India Post Payment Bank	5.53	98.15%	1.84%	0.01%
11	Federal Bank	4.88	97.60%	2.35%	0.05%
12	RBL Bank	1.85	98.56%	1.44%	0.01%
13	Jio Payments Bank	1.67	95.20%	4.47%	0.33%
14	Deutsche Bank	1.32	99.94%	0.06%	0.00%
15	Bank of Baroda	1.22	90.02%	9.97%	0.01%

UPI Payee PSP Performance (Jan'23)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,932.04	99.58%	0.38%	0.04%
2	Paytm Payments Bank	1,822.61	99.76%	0.23%	0.00%
3	Axis Bank Ltd	973.07	99.12%	0.79%	0.09%
4	ICICI Bank	920.02	99.06%	0.92%	0.02%
5	HDFC Bank Ltd	377.04	99.14%	0.85%	0.01%
6	State Bank Of India	372.77	99.08%	0.78%	0.13%
7	Federal Bank	119.24	99.75%	0.23%	0.01%
8	IndusInd Bank	33.06	97.45%	1.53%	1.03%
9	Kotak Mahindra Bank	30.26	99.06%	0.78%	0.16%
10	Airtel Payments Bank	27.65	97.58%	1.53%	0.89%
11	IDFC FIRST Bank	21.55	97.12%	1.82%	1.06%
12	Cosmos Bank	15.89	93.33%	5.09%	1.58%
13	Citibank	12.49	98.76%	0.92%	0.32%
14	Bank of Baroda	7.17	98.48%	1.13%	0.39%
15	Canara Bank	6.84	99.33%	0.58%	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.
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 - January 23

UPI Merchant Category-wise Classification - January'23
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
	5814	Fast food restaurants
	5541	Service stations (with or without ancillary services)
	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
	5399	Miscellaneous general merchandise
	5462	Bakeries
	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	8999	Professional services not elsewhere classified
	6211	Securities - brokers and dealers
	5422	Freezer and locker meat provisioners
	9399	Government services - not elsewhere classified
	4899	Cable and other pay television services
	7399	Business services not elsewhere classified
	5732	Electronics shops
	4214	Motor freight carriers and trucking - local and long distance, moving and storage companies and local delivery
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Dec'22)

UPI Remitter Banks - Top 50 Banks (Dec'22)
Sr. No.	UPI Remitter Banks (Dec-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	2,128.94	91.25%	6.30%	2.45%	14.35	95.90%
2	HDFC Bank Ltd	700.19	94.08%	5.23%	0.69%	4.32	92.33%
3	Bank of Baroda	509.92	88.84%	6.30%	4.86%	5.54	72.57%
4	Union Bank of India	487.38	91.84%	7.01%	1.15%	3.59	69.01%
5	ICICI Bank	426.32	95.23%	3.60%	1.17%	3.11	65.75%
6	Axis Bank Ltd	397.64	95.47%	4.24%	0.29%	1.93	85.19%
7	Paytm Payments Bank	386.50	95.96%	3.89%	0.15%	1.94	72.44%
8	Canara Bank	361.00	92.66%	6.85%	0.49%	2.62	93.23%
9	Punjab National Bank	354.80	93.44%	5.53%	1.03%	1.32	92.35%
10	Kotak Mahindra Bank	351.80	93.90%	4.83%	1.27%	1.24	80.49%
11	Bank of India	268.67	94.98%	4.81%	0.20%	1.57	73.26%
12	Indian Bank	206.07	93.35%	5.78%	0.88%	0.89	97.07%
13	Airtel Payments Bank	154.16	84.90%	14.55%	0.56%	2.89	55.90%
14	India Post Payment Bank	147.96	69.58%	17.68%	12.74%	1.21	77.04%
15	Federal Bank	131.59	93.45%	6.49%	0.06%	1.06	81.40%
16	Central Bank Of India	128.39	88.58%	9.87%	1.55%	0.57	99.15%
17	Indian Overseas Bank	104.59	90.82%	5.56%	3.62%	0.85	85.16%
18	IDBI Bank Limited	102.97	94.47%	4.14%	1.38%	0.62	82.76%
19	Bank of Maharashtra	93.22	92.99%	4.78%	2.23%	0.76	53.95%
20	UCO Bank	89.57	93.20%	6.10%	0.70%	0.47	80.82%
21	IndusInd Bank	72.70	92.84%	6.17%	0.99%	0.53	69.75%
22	Karnataka Bank	67.08	91.40%	7.76%	0.84%	0.34	86.90%
23	IDFC FIRST Bank	66.27	92.59%	5.95%	1.46%	0.31	82.55%
24	Fino Payments Bank	58.33	82.72%	16.02%	1.25%	0.39	67.43%
25	Yes Bank Ltd	48.46	92.60%	6.72%	0.68%	0.31	94.40%
26	Karur Vysya Bank	43.70	91.30%	7.29%	1.41%	0.27	49.34%
27	South Indian Bank	34.00	93.02%	5.39%	1.59%	0.15	89.88%
28	Bandhan Bank	33.77	89.66%	8.33%	2.01%	0.18	90.10%
29	City Union Bank	24.42	92.51%	6.51%	0.98%	0.14	84.01%
30	Equitas Small Finance Bank	23.33	85.78%	13.19%	1.03%	0.35	37.35%
31	Jammu and Kashmir Bank	22.34	88.91%	7.85%	3.24%	0.13	91.73%
32	Ujjivan Small Finance Bank	22.10	87.15%	7.48%	5.36%	0.16	48.84%
33	AU small Finance Bank	21.24	93.14%	5.81%	1.05%	0.09	88.71%
34	Tamilnad Mercantile Bank	20.67	91.71%	8.06%	0.24%	0.13	53.45%
35	DBS Bank Ltd	20.13	93.49%	4.71%	1.80%	0.07	98.94%
36	Punjab and Sind Bank	20.12	83.64%	9.77%	6.59%	0.17	67.49%
37	Standard Chartered	19.53	96.71%	2.74%	0.55%	0.08	82.40%
38	Citibank	19.24	94.91%	4.13%	0.97%	0.15	44.43%
39	Andhra Pradesh Grameena Vikas Bank	17.34	82.80%	13.36%	3.84%	0.10	93.76%
40	Maharashtra Gramin Bank	16.64	71.35%	23.55%	5.10%	0.20	31.55%
41	Pragathi Krishna Gramin Bank	16.46	84.14%	13.76%	2.10%	0.19	40.99%
42	Saraswat Bank	15.79	95.72%	3.58%	0.69%	0.16	41.02%
43	Kerala Gramin Bank	14.09	87.55%	11.16%	1.29%	0.07	83.59%
44	ESAF Small Finance Bank Ltd.	12.97	84.18%	13.67%	2.15%	0.11	84.66%
45	Rajasthan Marudhara Gramin Bank	12.33	81.74%	12.24%	6.03%	0.09	62.81%
46	Sarva Haryana Gramin Bank	11.05	76.50%	16.82%	6.68%	0.07	98.88%
47	Andhra Pragathi Grameena Bank	10.58	79.84%	14.92%	5.24%	0.07	70.93%
48	RBL Bank	10.28	88.19%	7.50%	4.30%	0.09	56.49%
49	Baroda UP Gramin Bank	8.57	82.44%	13.17%	4.40%	0.09	56.53%
50	Baroda Rajasthan Kshetriya Gramin Bank	7.68	85.52%	11.49%	2.99%	0.17	47.53%

UPI Top 50 Banks Performance (Dec'22)

UPI Beneficiary Banks - Top 50 Banks (Dec'22)
Sr.No.	UPI Beneficiary Banks (Dec-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1,726.94	99.71%	0.22%	0.06%	0.02%
2	Yes Bank Ltd	1,309.96	99.82%	0.06%	0.11%	0.01%
3	State Bank Of India	938.15	97.92%	0.21%	1.71%	0.16%
4	Axis Bank Ltd.	562.51	99.77%	0.12%	0.05%	0.06%
5	ICICI Bank	543.27	98.88%	0.38%	0.71%	0.04%
6	HDFC Bank Ltd	384.38	98.72%	0.61%	0.51%	0.17%
7	Bank of Baroda	249.01	94.55%	0.38%	4.59%	0.48%
8	Union Bank of India	242.13	98.96%	0.27%	0.58%	0.19%
9	Canara Bank	185.71	99.21%	0.43%	0.24%	0.12%
10	Federal Bank	175.68	99.69%	0.29%	0.02%	0.00%
11	Punjab National Bank	174.36	98.27%	0.83%	0.71%	0.19%
12	Kotak Mahindra Bank	157.66	97.61%	0.51%	1.63%	0.25%
13	Bank of India	137.98	99.59%	0.25%	0.11%	0.05%
14	Indian Bank	101.77	98.92%	0.27%	0.57%	0.23%
15	Airtel Payments Bank	93.38	98.79%	0.53%	0.37%	0.30%
16	IndusInd Bank	66.04	98.59%	0.43%	0.80%	0.17%
17	Central Bank Of India	65.03	98.05%	0.59%	0.78%	0.57%
18	India Post Payment Bank	64.48	87.39%	1.92%	10.08%	0.61%
19	Indian Overseas Bank	53.54	97.11%	0.23%	1.96%	0.70%
20	IDBI Bank Limited	51.55	98.65%	0.41%	0.65%	0.29%
21	UCO Bank	47.42	98.64%	0.68%	0.59%	0.09%
22	IDFC FIRST Bank	42.48	96.75%	1.39%	1.62%	0.25%
23	Bank of Maharashtra	40.68	97.13%	0.30%	2.03%	0.53%
24	Karnataka Bank	32.03	98.33%	0.80%	0.82%	0.06%
25	Karur Vysya Bank	26.40	98.56%	0.50%	0.84%	0.10%
26	South Indian Bank	22.97	98.69%	0.65%	0.62%	0.04%
27	Bandhan Bank	21.26	97.22%	0.37%	2.28%	0.12%
28	Fino Payments Bank	20.73	96.94%	2.12%	0.70%	0.24%
29	AU small Finance Bank	16.42	97.82%	1.48%	0.58%	0.12%
30	Citibank	12.51	97.50%	0.00%	0.06%	0.14%
31	City Union Bank	13.70	98.57%	0.71%	0.61%	0.10%
32	Tamilnad Mercantile Bank	12.84	99.56%	0.26%	0.16%	0.02%
33	Ujjivan Small Finance Bank	12.02	94.27%	0.29%	4.84%	0.60%
34	Equitas Small Finance Bank	11.67	97.34%	1.83%	0.72%	0.11%
35	Punjab and Sind Bank	9.67	94.60%	0.21%	4.85%	0.34%
36	Pragathi Krishna Gramin Bank	9.10	98.06%	0.44%	0.95%	0.55%
37	Kerala Gramin Bank	8.99	98.38%	0.76%	0.49%	0.37%
38	Jammu and Kashmir Bank	8.83	96.99%	0.59%	2.21%	0.21%
39	Andhra Pradesh Grameena Vikas Bank	8.72	97.46%	0.33%	1.81%	0.39%
40	DBS Bank Ltd	8.49	95.01%	1.34%	3.48%	0.17%
41	ESAF Small Finance Bank Ltd.	7.11	98.28%	0.23%	1.41%	0.09%
42	Maharashtra Gramin Bank	7.11	97.08%	0.76%	1.80%	0.36%
43	Rajasthan Marudhara Gramin Bank	6.52	96.00%	0.31%	3.20%	0.49%
44	RBL Bank	6.32	95.22%	1.40%	2.48%	0.90%
45	Saraswat Bank	6.23	99.18%	0.23%	0.44%	0.15%
46	Andhra Pragathi Grameena Bank	5.94	93.76%	0.99%	4.97%	0.28%
47	Baroda UP Gramin Bank	5.87	93.84%	2.39%	3.42%	0.35%
48	Sarva Haryana Gramin Bank	5.01	92.62%	0.49%	6.61%	0.29%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.41	95.13%	2.39%	2.26%	0.22%
50	Karnataka Vikas Grameena Bank	4.01	97.40%	0.00%	2.19%	0.23%

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 (Dec'22)

UPI Apps (Dec'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	8.69	681.55	-	-	0.00	0.00	0.00	0.12	8.70	681.67
2	Allahabad Bank Apps	0.03	9.75	-	-	-	-	-	-	0.03	9.75
3	Amazon Pay	69.61	6,621.66	-	-	-	-	-	-	69.61	6,621.66
4	AU Small Finance Bank Apps	0.58	177.47	-	-	-	-	-	-	0.58	177.47
5	Axis Bank Apps	7.26	1,246.36	58.27	56.30	0.03	2.44	-	-	65.56	1,305.09
6	Bajaj Finserv	4.56	647.71	-	-	-	-	-	-	4.56	647.71
7	Bandhan Bank Apps	0.01	1.53	-	-	-	-	-	-	0.01	1.53
8	Bank of Baroda Apps	1.02	397.56	-	-	0.00	0.00	-	-	1.02	397.56
9	Bank of India Apps	0.22	64.32	-	-	-	-	-	-	0.22	64.32
10	Bank of Maharashtra Apps	0.08	19.91	-	-	-	-	-	-	0.08	19.91
11	BHIM	25.50	8,400.04	-	-	-	-	-	-	25.50	8,400.04
12	Canara Bank Apps	1.02	275.70	-	-	-	-	-	-	1.02	275.70
13	Central Bank of India Apps	0.26	60.28	-	-	0.00	0.05	-	-	0.26	60.32
14	Citi Bank Apps	0.09	68.38	-	-	0.00	0.00	-	-	0.09	68.38
15	City Union Bank Apps	0.05	14.38	-	-	-	-	-	-	0.05	14.38
16	Cointab	0.05	18.98	-	-	-	-	-	-	0.05	18.98
17	Cred	31.42	19,622.29	-	-	-	-	-	-	31.42	19,622.29
18	DBS Digibank Apps	0.41	171.59	-	-	-	-	-	-	0.41	171.59
19	Deutsche Bank Apps	1.28	104.47	-	-	0.00	0.01	-	-	1.28	104.49
20	Dhanlaxmi Bank Apps	0.01	3.16	-	-	-	-	-	-	0.01	3.16
21	Equitas Small Finance Bank Apps	0.02	11.69	-	-	-	-	-	-	0.02	11.69
22	Fampay PPI	9.70	127.18	-	-	0.00	0.01	-	-	9.70	127.19
23	Fave	0.08	5.01	-	-	-	-	-	-	0.08	5.01
24	Federal Bank Apps	4.57	595.17	-	-	0.00	0.01	-	-	4.57	595.18
25	Fino Payments bank Apps	0.11	7.49	-	-	-	-	-	-	0.11	7.49
26	Google Pay	2,712.34	440,370.99	-	-	-	-	-	-	2,712.34	440,370.99
27	Groww	0.21	153.02	-	-	-	-	-	-	0.21	153.02
28	HDFC Bank Apps	11.81	3,143.08	-	-	0.00	0.15	-	-	11.81	3,143.24
29	HSBC Bank Apps	0.15	78.59	0.00	0.05	0.00	0.00	-	-	0.15	78.63
30	ICICI Bank Apps	36.74	8,815.95	5.17	418.68	6.38	6,890.51	-	-	48.29	16,125.15
31	IDBI Bank Apps	0.07	29.50	-	-	-	-	-	-	0.07	29.50
32	IDFC Bank Apps	9.55	1,184.60	-	-	0.16	138.38	-	-	9.70	1,322.98
33	India Post Payments Bank Apps	5.55	682.59	-	-	-	-	-	-	5.55	682.59
34	Indian Bank Apps	0.25	73.71	-	-	0.00	0.00	-	-	0.25	73.71
35	Indian Overseas Bank Apps	0.01	2.90	-	-	-	-	-	-	0.01	2.90
36	IndusInd Bank Apps	1.26	1,062.40	-	-	-	-	-	-	1.26	1,062.40
37	Janata Sahakari Bank Apps	0.01	4.58	-	-	-	-	-	-	0.01	4.58
38	Jio Payments Bank Apps	1.48	104.71	-	-	-	-	-	-	1.48	104.71
39	Jupiter	2.53	318.03	-	-	-	-	-	-	2.53	318.03
40	Karnataka Bank Apps	0.48	91.09	-	-	-	-	-	-	0.48	91.09
41	Karur Vysya Bank Apps	0.04	14.87	-	-	-	-	-	-	0.04	14.87
42	Kotak Mahindra Bank Apps	11.53	2,480.17	-	-	0.00	0.01	-	-	11.53	2,480.18
43	MakeMyTrip	0.10	52.30	-	-	-	-	-	-	0.10	52.30
44	Mobikwik	3.62	806.82	-	-	-	-	-	-	3.62	806.82
45	NSDL Payments Bank Apps	0.02	2.95	-	-	-	-	-	-	0.02	2.95
46	Paytm Payments Bank App	1,054.05	118,069.81	6.08	16.86	0.43	580.52	109.79	20,154.47	1,170.34	138,821.66
47	PhonePe	3,674.24	639,348.78	-	-	-	-	-	-	3,674.24	639,348.78
48	Punjab National Bank Apps	0.22	76.70	-	-	-	-	-	-	0.22	76.70
49	Punjab Sind Bank Apps	0.03	10.48	-	-	-	-	-	-	0.03	10.48
50	RBL Bank Apps	0.92	214.40	0.00	0.01	0.18	0.89	-	-	1.10	215.30
51	Samsung Pay	5.49	531.12	-	-	-	-	-	-	5.49	531.12
52	Slash	0.01	0.79	-	-	-	-	-	-	0.01	0.79
53	Slice	0.15	15.74	-	-	-	-	-	-	0.15	15.74
54	South Indian Bank Apps	0.18	53.20	-	-	-	-	-	-	0.18	53.20
55	Standard Chartered Bank Apps	0.16	90.42	0.00	0.00	0.00	0.00	-	-	0.16	90.42
56	State Bank of India Apps	4.22	1,928.43	-	-	0.00	0.00	-	-	4.22	1,928.43
57	Tamilnad Mercantile Bank Apps	0.08	12.13	-	-	-	-	-	-	0.08	12.13
58	TataNeu	0.15	17.64	-	-	-	-	-	-	0.15	17.64
59	UCO Bank Apps	0.31	93.32	-	-	-	-	-	-	0.31	93.32
60	Ultracash	0.03	1.65	-	-	-	-	-	-	0.03	1.65
61	Union Bank Apps	0.92	310.63	-	-	-	-	-	-	0.92	310.63
62	Utkarsh Small Finance Bank Apps	0.02	7.81	-	-	-	-	-	-	0.02	7.81
63	WhatsApp	11.05	917.49	-	-	-	-	-	-	11.05	917.49
64	Yes Bank Apps	35.98	13,324.11	0.00	0.00	0.18	91.35	-	-	36.16	13,415.46
65	Others	0.03	7.64	-	-	0.00	0.00	-	-	0.03	7.64

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)
Dec'22	7,829.49	12,82,055.01	3,602.19	9,91,748.31	4,227.30	2,90,306.69

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 (Dec'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,760.70	98.38%	1.61%	0.01%
2	Axis Bank Ltd	1,466.35	98.42%	1.57%	0.01%
3	ICICI Bank	1,252.92	98.51%	1.48%	0.01%
4	Paytm Payments Bank	1,078.75	98.31%	1.68%	0.01%
5	HDFC Bank Ltd	693.09	98.69%	1.30%	0.01%
6	State Bank Of India	613.07	98.22%	1.76%	0.01%
7	IDFC FIRST Bank	20.00	97.57%	2.42%	0.01%
8	Kotak Mahindra Bank	11.83	97.45%	2.55%	0.01%
9	Airtel Payments Bank	9.07	95.82%	4.12%	0.06%
10	India Post Payment Bank	5.67	97.99%	1.99%	0.02%
11	Federal Bank	4.73	97.70%	2.29%	0.01%
12	RBL Bank	1.70	98.09%	1.90%	0.01%
13	Jio Payments Bank	1.56	94.97%	4.74%	0.29%
14	IndusInd Bank	1.30	97.25%	1.44%	1.30%
15	Deutsche Bank	1.29	99.92%	0.08%	0.00%

UPI Payee PSP Performance (Dec'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,850.04	99.37%	0.44%	0.19%
2	Paytm Payments Bank	1,775.35	99.23%	0.75%	0.02%
3	Axis Bank Ltd	979.12	99.00%	0.92%	0.08%
4	ICICI Bank	898.83	99.03%	0.89%	0.08%
5	HDFC Bank Ltd	372.15	98.38%	1.46%	0.16%
6	State Bank Of India	370.13	99.17%	0.66%	0.17%
7	Federal Bank	116.45	99.68%	0.28%	0.04%
8	IndusInd Bank	30.84	96.01%	2.26%	1.72%
9	Kotak Mahindra Bank	20.39	99.05%	0.64%	0.31%
10	Airtel Payments Bank	19.83	98.14%	1.31%	0.55%
11	IDFC FIRST Bank	17.90	95.75%	2.97%	1.28%
12	Citibank	12.59	99.39%	0.60%	0.01%
13	Cosmos Bank	9.66	97.93%	1.55%	0.51%
14	Bank of Baroda	7.54	91.44%	6.09%	2.47%
15	Canara Bank	6.60	99.10%	0.57%	0.33%

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 - December 22

UPI Merchant Category-wise Classification - December'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
	5541	Service stations (with or without ancillary services)
	5814	Fast food restaurants
	5816	Digital Goods – Games
	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	8999	Professional services not elsewhere classified
	4899	Cable and other pay television services
	9399	Government services - not elsewhere classified
	6211	Securities - brokers and dealers
	5422	Freezer and locker meat provisioners
	4214	Motor freight carriers and trucking - local and long distance, moving and storage companies and local delivery
	5732	Electronics shops
	7399	Business services not elsewhere classified
	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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UDIR
UPI Merchant Category Classification

UPI Top 50 Banks Performance (Nov'22)

UPI Remitter Banks - Top 50 Banks (Nov'22)
Sr. No.	UPI Remitter Banks (Nov-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,951.85	92.82%	6.30%	0.88%	8.51	80.40%
2	HDFC Bank Ltd	649.64	94.68%	5.16%	0.16%	2.29	99.46%
3	Bank of Baroda	475.43	93.69%	6.17%	0.15%	1.69	99.38%
4	Union Bank of India	447.27	92.47%	7.07%	0.46%	2.04	78.57%
5	ICICI Bank	396.06	94.60%	4.75%	0.65%	2.91	67.84%
6	Axis Bank Ltd	384.42	96.02%	3.83%	0.15%	2.04	67.34%
7	Paytm Payments Bank	364.00	96.01%	3.82%	0.17%	1.66	93.60%
8	Canara Bank	332.82	92.47%	6.32%	1.21%	1.34	72.91%
9	Punjab National Bank	328.34	92.48%	5.61%	1.90%	1.21	77.31%
10	Kotak Mahindra Bank	325.86	94.62%	5.07%	0.31%	1.18	71.21%
11	Bank of India	249.69	94.97%	4.38%	0.65%	1.10	69.29%
12	Indian Bank	188.36	93.72%	5.57%	0.71%	0.98	70.54%
13	Airtel Payments Bank	140.25	81.21%	13.36%	5.43%	1.78	45.26%
14	Federal Bank	122.16	93.88%	5.53%	0.59%	0.94	74.30%
15	India Post Payment Bank	121.93	81.41%	15.23%	3.36%	1.02	73.79%
16	Central Bank Of India	117.72	88.09%	8.95%	2.96%	0.47	91.37%
17	Indian Overseas Bank	95.82	93.58%	5.27%	1.15%	0.49	94.66%
18	IDBI Bank Limited	95.50	94.39%	4.27%	1.35%	0.52	75.92%
19	Bank of Maharashtra	87.16	93.61%	4.69%	1.70%	0.87	47.79%
20	UCO Bank	83.44	91.91%	5.84%	2.26%	0.60	94.87%
21	Yes Bank Ltd	80.19	94.81%	4.34%	0.85%	0.30	93.50%
22	INDUSIND BANK	66.86	93.88%	5.68%	0.44%	0.34	80.08%
23	Karnataka Bank	62.76	85.92%	7.53%	6.55%	0.30	83.33%
24	IDFC FIRST Bank	56.30	89.48%	5.99%	4.53%	1.01	29.94%
25	Fino Payments Bank	54.03	81.88%	16.09%	2.03%	0.43	47.55%
26	Karur Vysya Bank	40.64	91.68%	7.13%	1.19%	0.26	56.68%
27	South Indian Bank	31.42	93.95%	5.87%	0.18%	0.24	93.38%
28	Bandhan Bank	31.07	90.25%	6.53%	3.22%	0.11	98.27%
29	City Union Bank	22.51	92.79%	6.28%	0.93%	0.15	64.69%
30	Equitas Bank	21.51	86.38%	13.09%	0.53%	0.10	96.99%
31	Jammu and Kashmir Bank	21.45	87.84%	6.64%	5.52%	0.09	95.31%
32	Ujjivan Small Finance Bank	19.93	89.69%	6.55%	3.76%	0.09	88.48%
33	AU small Finance Bank	19.43	93.71%	5.94%	0.35%	0.17	62.66%
34	Maharashtra Gramin Bank	19.41	51.76%	42.89%	5.35%	0.09	93.90%
35	Tamilnad Mercantile Bank	18.78	91.64%	7.21%	1.15%	0.23	27.49%
36	Standard Chartered	18.34	95.99%	2.59%	1.42%	0.07	87.00%
37	Punjab and Sind Bank	18.14	88.48%	9.83%	1.68%	0.07	76.50%
38	Citibank	17.81	95.45%	4.07%	0.48%	0.06	95.73%
39	DBS Bank India Limited	17.33	95.17%	4.73%	0.11%	0.09	53.62%
40	Pragathi Krishna Gramin Bank	15.27	86.54%	12.67%	0.78%	0.20	21.84%
41	Andhra Pradesh Grameena Vikas Bank	14.66	85.56%	12.28%	2.16%	0.12	35.40%
42	Saraswat Bank	14.61	95.83%	3.57%	0.60%	0.04	93.96%
43	Kerala Gramin Bank	12.77	88.69%	10.93%	0.37%	0.09	45.06%
44	Rajasthan Marudhara Gramin Bank	11.61	79.24%	11.94%	8.83%	0.07	94.36%
45	ESAF Small Finance Bank Ltd.	11.29	89.50%	9.00%	1.50%	0.10	42.87%
46	RBL	9.68	90.98%	7.19%	1.83%	0.05	87.11%
47	Andhra Pragathi Grameena Bank	9.67	77.93%	17.06%	5.01%	0.10	41.25%
48	Sarva Haryana Gramin Bank	9.11	87.10%	10.98%	1.92%	0.05	99.45%
49	Baroda UP Gramin Bank	7.82	82.96%	12.50%	4.53%	0.13	35.54%
50	Baroda Rajasthan Kshetriya Gramin Bank	7.40	83.30%	10.93%	5.77%	0.07	43.80%

UPI Top 50 Banks Performance (Nov'22)

UPI Beneficiary Banks - Top 50 Banks (Nov'22)
Sr.No.	UPI Beneficiary Banks (Nov-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	1617.99	99.63%	0.27%	0.08%	0.02%
2	Yes Bank Ltd	1261.66	99.87%	0.12%	0.01%	0.00%
3	State Bank Of India	877.76	99.07%	0.22%	0.63%	0.08%
4	Axis Bank Ltd	541.43	99.82%	0.11%	0.04%	0.03%
5	ICICI Bank	493.34	99.30%	0.36%	0.28%	0.07%
6	HDFC Bank Ltd	361.21	99.22%	0.66%	0.08%	0.04%
7	Bank of Baroda	233.63	99.59%	0.26%	0.10%	0.05%
8	Union Bank of India	226.28	99.35%	0.28%	0.29%	0.08%
9	Canara Bank	173.68	98.62%	0.43%	0.72%	0.24%
10	Federal Bank	166.71	99.22%	0.34%	0.41%	0.03%
11	Punjab National Bank	163.42	96.87%	0.58%	1.84%	0.71%
12	Kotak Mahindra Bank	150.77	99.05%	0.59%	0.27%	0.09%
13	Bank of India	129.98	99.12%	0.25%	0.50%	0.13%
14	Indian Bank	94.58	98.69%	0.33%	0.82%	0.16%
15	Airtel Payments Bank	84.21	94.82%	0.43%	3.37%	1.37%
16	IndusInd Bank	62.72	98.90%	0.46%	0.36%	0.28%
17	Central Bank Of India	60.87	96.54%	0.63%	1.88%	0.95%
18	India Post Payment Bank	56.87	96.45%	0.73%	2.62%	0.20%
19	Indian Overseas Bank	50.30	98.92%	0.28%	0.59%	0.21%
20	IDBI Bank Limited	48.77	98.14%	0.47%	1.19%	0.20%
21	UCO Bank	44.71	97.31%	0.68%	1.56%	0.45%
22	Bank of Maharashtra	38.54	98.02%	0.31%	1.51%	0.16%
23	IDFC FIRST Bank	37.91	91.59%	1.43%	6.48%	0.50%
24	Karnataka Bank	29.87	93.52%	0.64%	4.91%	0.94%
25	Karur Vysya Bank	24.80	98.56%	0.53%	0.82%	0.09%
26	South Indian Bank	21.40	99.21%	0.65%	0.13%	0.01%
27	Bandhan Bank	20.13	96.34%	0.37%	3.11%	0.18%
28	Fino Payments Bank	19.40	95.99%	2.08%	1.48%	0.45%
29	AU small Finance Bank	15.63	97.57%	2.07%	0.21%	0.15%
30	City Union Bank	12.88	98.44%	0.85%	0.63%	0.08%
31	Tamilnad Mercantile Bank	11.78	98.77%	0.26%	0.81%	0.16%
32	Citibank	11.30	99.62%	0.00%	0.08%	0.30%
33	Ujjivan Small Finance Bank	11.14	95.80%	0.29%	3.62%	0.29%
34	Equitas Small Finance Bank	10.67	97.64%	1.88%	0.46%	0.02%
35	Punjab and Sind Bank	8.84	98.27%	0.22%	1.20%	0.31%
36	Pragathi Krishna Gramin Bank	8.58	99.14%	0.43%	0.20%	0.23%
37	Kerala Gramin Bank	8.36	98.99%	0.71%	0.11%	0.18%
38	Jammu and Kashmir Bank	8.27	95.56%	0.61%	3.57%	0.25%
39	Andhra Pradesh Grameena Vikas Bank	7.64	98.46%	0.26%	0.89%	0.39%
40	DBS Bank India Limited	6.87	98.51%	1.41%	0.06%	0.02%
41	Maharashtra Gramin Bank	6.62	91.06%	4.57%	3.62%	0.76%
42	ESAF Small Finance Bank Ltd.	6.56	99.05%	0.24%	0.61%	0.11%
43	RBL	6.00	96.96%	1.55%	1.13%	0.36%
44	Rajasthan Marudhara Gramin Bank	5.97	95.14%	0.45%	3.49%	0.92%
45	Saraswat Bank	5.87	99.18%	0.22%	0.54%	0.06%
46	Baroda UP Gramin Bank	5.41	93.56%	2.43%	3.37%	0.64%
47	Andhra Pragathi Grameena Bank	5.39	94.46%	1.55%	3.58%	0.41%
48	Sarva Haryana Gramin Bank	4.67	89.96%	1.93%	7.94%	0.16%
49	Baroda Rajasthan Kshetriya Gramin Bank	4.21	92.85%	2.34%	4.33%	0.48%
50	Karnataka Vikas Grameena Bank	3.83	96.13%	1.19%	2.43%	0.25%

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 (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 Payer PSP Performance

UPI Payer PSP Performance (Nov'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,575.97	98.34%	1.66%	0.00%
2	Axis Bank Ltd	1289.43	98.36%	1.64%	0.00%
3	ICICI Bank	1102.30	98.46%	1.53%	0.00%
4	Paytm Payments Bank	995.21	98.31%	1.69%	0.01%
5	HDFC Bank Ltd	690.60	98.88%	1.11%	0.01%
6	State Bank Of India	690.36	98.38%	1.62%	0.01%
7	IDFC FIRST Bank	15.81	97.48%	2.50%	0.02%
8	Kotak Mahindra Bank	11.23	97.34%	2.65%	0.01%
9	Airtel Payments Bank	9.10	95.92%	4.04%	0.05%
10	India Post Payment Bank	4.77	97.62%	2.37%	0.01%
11	Federal Bank	4.26	97.23%	2.74%	0.03%
12	RBL Bank	1.64	98.47%	1.53%	0.00%
13	Jio Payments Bank	1.39	94.63%	5.17%	0.20%
14	Bank of Baroda	1.35	92.72%	7.27%	0.01%
15	Deutsche Bank	1.30	99.93%	0.07%	0.00%

UPI Payee PSP Performance (Nov'22)
Sr. No.	Payee PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	2,658.35	99.53%	0.39%	0.08%
2	Paytm Payments Bank	1,638.48	99.68%	0.27%	0.05%
3	Axis Bank Ltd	904.83	99.19%	0.80%	0.01%
4	ICICI Bank	813.95	98.83%	1.08%	0.08%
5	HDFC Bank Ltd	378.74	99.13%	0.81%	0.06%
6	State Bank Of India	351.11	98.87%	1.04%	0.09%
7	Federal Bank	111.84	97.56%	1.76%	0.68%
8	IndusInd Bank	29.37	97.34%	2.02%	0.64%
9	Kotak Mahindra Bank	23.13	99.16%	0.73%	0.11%
10	Airtel Payments Bank	15.16	98.90%	0.84%	0.27%
11	IDFC FIRST Bank	15.02	93.66%	4.93%	1.41%
12	Citibank	11.42	99.06%	0.88%	0.06%
13	Cosmos Bank	8.41	94.14%	5.01%	0.85%
14	Bank of Baroda	7.40	99.68%	0.25%	0.07%
15	Canara Bank	5.85	99.47%	0.46%	0.07%

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) - November 22

Sr. No.	Name of Banks #
1	Ambarnath Jai Hind Cooperative Bank Ltd
2	Kanaka Mahalakshmi Co-Operative Bank Ltd
3	Kolhapur Dist. Central Co-Op. Bank Ltd
4	Malviya Urban Co-Operative Bank Ltd
5	Mann Deshi Mahila Sahakari Bank Ltd
6	People's Urban Co-Operative Bank Ltd
7	Shivalik Mercantile Co-operative Bank Ltd
8	Sree Charan Souhardha Co-Operative Bank
9	The Udaipur Urban Co-Operative Bank Ltd
10	Abhyudaya Co-operative Bank Ltd
11	Adarsh Co-Operative Bank Ltd
12	Ahmednagar Merchant'S Co Operative Bank Ltd
13	Ahmednagar Shahar Sahakari Bank Ltd
14	Ajantha Urban Co Op Bank Ltd
15	Akhand Anand Co-Op Bank Ltd
16	Akola Janata Commercial Co-Operative Bank
17	Ambajogai Peoples Co-Operative Bank Ltd
18	Andhra Pradesh Grameena Vikas Bank
19	Andhra Pragathi Grameena Bank
20	AP Mahesh Bank
21	Apna Sahakari Bank Ltd
22	Arunachal Pradesh Rural Bank
23	Arvind Sahakari Bank Ltd
24	AU Small Finance Bank
25	Axis Bank Ltd
26	Balotra Urban Co-Op Bank Ltd
27	Banaskantha District Central Co-op Bank
28	Bandhan Bank
29	Bank of Baroda
30	Bank of India
31	Baran Nagrik Sahkari Bank Ltd
32	Baroda Gujarat Gramin Bank
33	Baroda Rajasthan Kshetriya Gramin Bank
34	Bassein Catholic Co-operative Bank
35	Bhadradri Co-Operative Urban Bank Ltd
36	Bharat Co-Operative Bank (Mumbai) Ltd
37	Bhavnagar DCB
38	Bhilwara Urban Co-Operative Bank Ltd
39	Bicholim Urban Cooperative Bank
40	Canara Bank
41	Central Bank Of India
42	Chaitanya Godavari Grameena Bank
43	Chhatisgarh Rajya Gramin Bank
44	Chhattisgarh Rajya Sahakari Bank Mydt
45	Chittorgarh Urban Co-Operative Bank Ltd
46	Citibank
47	Citizens Co-Operative Bank Ltd
48	City Union Bank
49	Coastal Area Local Bank
50	Colour Merchants Co-Operative Bank Ltd
51	Cosmos Bank
52	CSB Bank
53	Dapoli Urban Co-Operative Bank Ltd
54	Dausa Urban Co-Op Bank Ltd
55	DCB Bank
56	Deendayal Nagari Sahakari Bank Ltd
57	Deogiri Nagari Sahakari Bank Ltd
58	Dhanera Mercantile Co-Op Bank Ltd
59	Dhanlaxmi Bank Ltd
60	Equitas Small Finance Bank
61	ESAF Small Finance Bank
62	Federal Bank
63	Fincare Small Finance Bank Ltd
64	Fingrowth Cooperative Bank Ltd
65	Gayatri Bank
66	GP Parsik Bank
67	Gujarat Ambuja Co-Operative Bank Ltd
68	HDFC Bank Ltd
69	Himatnagar Nagarik Sahakari Bank Ltd
70	HSBC
71	Hutatma Sahakari Bank Ltd
72	ICICI Bank
73	IDFC First Bank
74	India Post Payment Bank
75	Indian Bank
76	Indrayani Co- Op. Bank Ltd
77	IndusInd Bank
78	J&K Grameen Bank
79	Jalgaon Janata Sahkari Bank Ltd
80	Jharkhand Rajya Gramin Bank
81	Jivan Commercial Co-Operative Bank Ltd
82	Jodhpur Nagrik Sahakari Bank Ltd
83	Kankaria Maninagar Nagarik Sahakari Bank Ltd
84	Karnataka Gramin Bank
85	Karnataka Mahila Sahakara Bank Niyamitha
86	Karur Vysya Bank
87	Kerala Gramin Bank
88	Kolhapur Mahila Sahakari Bank Ltd
89	Kotak Mahindra Bank
90	Lonavala Sahakari Bank Ltd
91	Madhya Pradesh Rajya Sahakari Bank Maryadit
92	Mahanagar Nagrik Sahakari Bank Maryadit
93	Maharashtra State Co-op Bank Ltd
94	Mahaveer Cooperative Urban Bank Ltd
95	Mahila Nagrik Sahakari Bank Mahasamund
96	Mansing Co-Operative Bank Ltd
97	Maratha Cooperative Bank Ltd
98	Meghalaya Rural Bank
99	Mizoram Rural Bank
100	Model Co-Op. Bank Ltd
101	Nagarik Sahakari Bank Maryadit
102	Nainital Bank
103	Navi Mumbai Co-Operative Bank Ltd
104	Navsarjan Industrial Co-Op Bank Ltd
105	Nutan Nagrik Sahakari Bank
106	Pali Urban Co-Operative Bank Limited
107	Palus Sahakari Bank Ltd
108	Patan Nagarik Sahakari Bank Ltd
109	Paytm Payments Bank
110	Poornawadi Nagrik Sahakari Bank Ltd
111	Pune Cantonment Sahakari Bank Ltd
112	Pune Urban Co Operative Bank Ltd
113	Punjab and Sind Bank
114	Rajarshi Shahu Sahakari Bank Ltd
115	Rajasthan Marudhara Gramin Bank
116	Rajgurunagar Sahakari Bank Ltd
117	Rajkot District Central Coop Bank
118	Rajkot Peoples Co-Operative Bank Ltd
119	Rani Channamma Mahila Sahakari Bank Niyamit
120	RBL Bank
121	Sabarkantha District Central Cooperative Bank Ltd
122	Sadhana Sahakari Bank Ltd
123	Sadhana Sahakari Bank Ltd Nagpur
124	Saibaba Nagari Sahakari Bank Maryadit Sailu
125	Samarth Sahakari Bank Ltd. Solapur
126	Samata Sahakari Bank Ltd,Mumbai
127	Saraspur Nagarik Co-Op Bank Ltd
128	Saraswat Bank
129	Sardar Bhiladwala Pardi Peoples Coop Bank Ltd
130	Sardar Vallabhbhai Sahakari Bank Ltd
131	Sarvodaya Commercial Co Op Bank Ltd
132	Saurashtra Gramin Bank
133	SBM Bank India
134	Shivalik Small Finance Bank
135	Shree Basaveshwar Urban Co-Op Bank Ltd Ranebennur
136	Shree Kadi Nagarik Sahakari Bank Ltd
137	Shree Mahalaxmi Urban Co-Op Credit Bank Ltd
138	Shri Mahila Sewa Sahakari Bank Ltd
139	Smriti Nagrik Sahakari Bank Maryadit Mandsaur
140	South Indian 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 Udupi Town Co-Op. Bank Ltd., Udupi
215	The Varachha Co-Op Bank Ltd
216	The Vijay Cooperative Bank Ltd
217	The Visakhapatnam Cooperative Bank Ltd
218	The Vishweshwar Sahakari Bank Ltd. Pune (Multi-State)
219	Tirupati Urban Co-Operative Bank Ltd
220	TJSB Sahakari Bank Ltd
221	UCO Bank
222	Union Bank Of India
223	Union Co-Operative Bank Ltd
224	Urban Co-Operative Bank Ltd Bareilly
225	Uttarakhand Gramin Bank
226	Vaishya Nagari Sahakari Bank Ltd
227	Valmiki Urban Co-Op Bank Ltd.,Pathri
228	Vardhaman [Mahila] Co-Op. Urban Bank Ltd
229	Vasai Janata Sahakari Bank Ltd
230	Vasai Vikas Sahakari Bank Ltd
231	Veerashaiva Sahakari Bank Ltd
232	Vikramaditya Nagrik Sahakari Bank
233	Yes Bank
234	Janata Sahakari Bank Ltd Ajara
235	Punjab National Bank
236	IDBI Bank Limited
237	Indian Overseas Bank
238	Karnataka Bank
239	Tamilnad Mercantile Bank
240	Ujjivan Small Finance Bank
241	Fino Payments Bank
242	KARNATAKA VIKAS GRAMEENA BANK
243	Maharashtra Gramin Bank
244	Jammu And Kashmir Bank
245	Janata Sahakari Bank Ltd,Pune
246	Baroda UP Gramin Bank
247	Dombivali Nagri Sahakari Bank
248	Jana Small Finance Bank Ltd
249	The Kalyan Janata Sahakari Bank Ltd.
250	NKGSB Bank
251	GS Mahanagar Coop bank
252	NSDL Payments Bank
253	SUCO SOUHARDA SAHAKARI BANK LTD
254	Janaseva Sahakari
255	Jio Payments Bank
256	Rajkot Nagrik Sahakari Bank Ltd.
257	KAIJSB- Ichalkaranji
258	The Baramati Sahakari Bank Ltd
259	The Satara District Central Coop Bank Ltd
260	Suvarnayug Sahakari Bank Ltd
261	THE GUJARAT STATE COOPERATIVE BANK
262	Capital Small Finance Bank Ltd
263	The Hasti Co-operative Bank Ltd
264	Bhagini Nivedita Sahakari Bank
265	The Priyadarshini Nagari Sahakari Bank
266	SHRI CHHATRAPATI RAJARSHI SHAHU URBAN CO-OP. BANK LTD. BEED
267	Janakalyan Sahakari Bank Ltd
268	The Muslim Cooperative Bank Ltd
269	Kokan Mercantile Coop Bank Ltd
270	The Sutex Co.op.Bank Ltd.
271	Vikas Souharda Co-operative Bank Ltd
272	The Andhra Pradesh State Co-operative Bank Ltd.
273	North East Small Finance Bank Ltd
274	Shri Veershaiv Co-Op Bank Ltd.
275	The Prime Cooperative Bank Ltd
276	Krishna Bhima Samruddhi Local Area Bank
277	Darussalam Co-Operative Urban Bank Ltd.
278	The Malad Sahakari Bank Ltd.
279	Sterling Urban Cooperative Bank Ltd
280	SHRI ARIHANT CO-OP BANK LTD
281	Jalna Merchant Cooperative Bank Ltd
282	Yadagiri Co-op Bank
283	THE URBAN CO OP BANK LTD DHARANGAON
284	Associate Co.op. Bank Ltd.
285	The Udaipur Mahila Samridhi Urban Co-operative Bank Ltd.
286	The Chartered Sahakari Bank
287	The SSK Co-operative Bank Ltd.
288	The Udaipur Urban Co-Operative Bank Ltd.
289	Sandur Pattana Souharda Sahakari Bank
290	SHREE MAHAVIR SAHAKARI BANK LTD
291	SAMRUDDHI CO-OPERATIVE BANK LTD. NAGPUR
292	The Vallabh Vidyanagar Commercial Co-Operative Bank Ltd.
293	BANK Of AMERICA
294	INDORE PARASPAR SAHAKARI BANK LTD. INDORE
295	The Anand Mercantile Co-operative Bank Ltd
296	Shree Dharati Co-Operative Bank Ltd
297	The Modasa Nagarik Sahakari Bank Limited
298	The Merchants Souharda Sahakara Bank Ni.
299	Irinjalakuda Town Co
300	SHRI BHARAT URBAN CO-OPERATIVE BANK LTD JAYSINGPUR
301	People's Urban Co-operative Bank Ltd., Tripunitura
302	Mahesh Sahakari Bank Ltd
303	PUNE PEOPLES CO BANK
304	Shri Mahalaxmi Co-Operative Bank Ltd., Kolhapur
305	UTKARSH SMALL FINANCE BANK LIMITED
306	The Pratap Co-Operative Bank Ltd
307	The Karnataka State Co-Operative Apex Bank Ltd
308	THE SARVODAYA NAGARIK SAHAKARI BANK LTD
309	THE GREATER BOMBAY CO-OPERATIVE BANK
310	NAGRIK SAHAKARI MARYADIT GWALIOR
311	AMRELI JILLA MADHYASTHA SAHAKARI BANK LTD
312	VAISHYA SAHAKARI BANK LTD
313	MANVI PATTANA SOUHARDA SAHAKARI BANK NI.
314	THE AKOLA DISTRICT CENTRAL CO-OP.BANK LTD
315	JIJAMATA MAHILA SAHAKARI BANK LTD
316	SHREE PANCHGANGA NAGARI SAHAKARI BANK LTD
317	SHRI JANATA SAHAKARI BANK LTD.HALOL
318	Indore Premier Co-operative Bank Ltd, Indore
319	The Thane Dist. Central Co-op. Bank Ltd
320	JILA SAHKARI KENDRIYA BANK MARYADIT KHARGONE
321	The Kodinar Taluka Cooperative Banking Union Ltd
322	The Junagadh Jilla Sahakari Bank Ltd
323	ICICI Bank Pockets
324	Bombay Mercantile CO Operative Bank Ltd
325	JILA SAHAKARI KENDRIYA BANK MARYADIT RAIPUR
326	Jila Sahakari Kendriya Bank Mydt. Durg
327	Rajarambapu Sahakari Bank Ltd
328	The Financial Co-operative Bank Ltd
329	Kottakkal Co- Op Urban Bank Ltd
330	Shree Warana Sahakari Bank Ltd
331	The Bhuj Commercial Co-Operative Bank Ltd
332	VALSAD DISTRICT CENTRAL COOP BANK LTD
333	The Bellary District Coop Central Bank Ltd
334	Amazon PPI
335	PDP BANK KARAD bank
336	JANATHA SEVA COOPERATIVE BANK LTD bank
337	Unjha Nagarik Sahakari Bank Ltd
338	Indore Cloth Market Co-Op Bank Ltd
339	Shri Chatrapati Shivaji Maharaj Sahakari
340	Tamil Nadu State Apex Co-op Bank Ltd
341	SHARAD SAHAKARI BANK LTD MANCHAR
342	Spice Money
343	Prerana Co-Operative Bank Ltd
344	Sant Sopankaka Sahakari Bank Ltd.
345	The Kukarwada Nagrik Sahakari Bank Ltd
346	The District Cooperative Central Bank Ltd. Medak
347	Shree Mahesh Co-Operative Bank Ltd Nashik
348	Warangal Urban Cooperative Bank Ltd
349	TRIPURA STATE COOPERATIVE BANK LTD
350	Arihant Urban Co-Operative Bank Ltd
351	Rajadhani Co-operative Urban Bank
352	Godavari Urban Co-Op Bank
353	Khattri Co-op Bank
354	Samata Co-Operative Development Bank Ltd
355	Mahatma Fule Urban 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) - November 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
40	Punjab National Bank
41	Bank of India
42	Central Bank Of India
43	Indian Overseas Bank
44	UCO Bank
45	Fino Payments Bank
46	Punjab And Sind Bank
47	Esaf Small Finance Bank Ltd
48	Equitas Bank
49	CSB BANK LTD
50	Dhanlaxmi Bank Ltd
51	Fave (Pinelabs)
52	Samsung Pay
53	Ultracash

Note:

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

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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UDIR
UPI Merchant Category Classification

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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UDIR
UPI Merchant Category Classification

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 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)
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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UDIR
UPI Merchant Category Classification

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 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)
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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
UDIR

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 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)
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
UPI Apps
Top 15 PSPs
UPI P2P and P2M Transactions
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 hundred (100) 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
UPI Apps
Top 15 PSPs
UPI P2P and P2M Transactions
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 hundred (100) 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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs
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 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)
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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs

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 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)
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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs

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 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)
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	97.85%	0.04%	2.11%
8	INDUSIND BANK	23.53	96.35%	2.11%	1.54%
9	Airtel Payments Bank	15.75	99.34%	0.08%	0.58%
10	Kotak Mahindra Bank	10.77	98.65%	0.74%	0.61%
11	Citibank	9.04	99.42%	0.00%	0.58%
12	BHIM	8.19	88.62%	0.21%	11.17%
13	IDFC FIRST Bank	6.00	98.73%	0.13%	1.14%
14	Bank of Baroda	3.60	99.12%	0.17%	0.71%
15	AU small Finance Bank	2.88	99.26%	0.00%	0.74%

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
UPI Apps
UPI P2P and P2M Transactions
Top 15 PSPs

UPI Top 50 Banks Performance (Jan'22)

UPI Remitter Banks - Top 50 Banks (Jan'22)
Sr. No.	UPI Remitter Banks (Jan-2022)	Total Volume (In Mn)	Approved %	BD %	TD%	Total Debit Reversal Count (In Mn)	Debit Reversal Success %
1	State Bank Of India	1,291.88	91.70%	7.10%	1.21%	8.17	95.66%
2	HDFC Bank Ltd	406.61	94.01%	5.71%	0.29%	2.52	91.30%
3	Bank of Baroda	299.12	92.13%	7.38%	0.49%	1.55	98.88%
4	Union Bank of India	287.21	90.21%	8.82%	0.97%	3.17	46.80%
5	ICICI Bank	274.00	95.14%	4.69%	0.17%	1.22	69.88%
6	Paytm Payments Bank	262.28	94.95%	4.97%	0.08%	1.06	94.04%
7	Axis Bank Ltd	243.68	95.25%	4.49%	0.25%	0.96	97.79%
8	Punjab National Bank	213.48	92.49%	6.90%	0.61%	1.67	90.03%
9	Canara Bank	206.30	92.47%	7.05%	0.47%	1.26	92.99%
10	Kotak Mahindra Bank	186.34	94.30%	5.42%	0.29%	0.93	86.27%
11	Bank of India	171.56	93.02%	5.38%	1.60%	1.82	50.40%
12	Indian Bank	115.76	88.38%	6.29%	5.33%	4.23	40.42%
13	Central Bank Of India	95.53	90.13%	6.97%	2.90%	2.34	63.32%
14	IDBI Bank Limited	66.58	94.57%	4.69%	0.75%	0.57	64.13%
15	Federal Bank	62.84	93.07%	5.39%	1.55%	0.55	71.18%
16	Airtel Payments Bank	62.35	86.08%	11.94%	1.98%	0.59	72.95%
17	Bank of Maharashtra	59.90	93.98%	5.36%	0.66%	0.33	83.88%
18	Indian Overseas Bank	56.35	93.65%	6.03%	0.32%	0.36	85.81%
19	Yes Bank Ltd	49.25	93.93%	5.92%	0.15%	0.11	95.73%
20	UCO Bank	48.84	91.28%	7.47%	1.25%	0.56	52.87%
21	India Post Payment Bank	46.70	76.03%	17.56%	6.42%	2.33	15.73%
22	Karnataka Bank	43.45	88.64%	8.92%	2.44%	0.50	32.26%
23	IndusInd Bank	39.77	90.66%	8.82%	0.52%	0.27	92.96%
24	IDFC First Bank	27.57	92.69%	6.07%	1.24%	0.36	32.94%
25	Karur Vysya Bank	27.44	90.87%	8.20%	0.93%	0.25	66.96%
26	Fino Payments Bank	23.19	78.89%	18.67%	2.44%	0.21	99.04%
27	Bandhan Bank	19.49	87.73%	10.99%	1.28%	0.17	14.62%
28	South Indian Bank	19.31	92.59%	7.17%	0.24%	0.08	95.71%
29	DBS Bank India Limited	17.27	92.94%	5.77%	1.29%	0.14	53.46%
30	City Union Bank	14.54	89.16%	6.49%	4.35%	0.32	66.19%
31	Citibank	14.16	94.68%	4.59%	0.72%	0.07	99.50%
32	Equitas Small Finance Bank	13.53	83.50%	15.72%	0.78%	0.10	82.94%
33	Andhra Pradesh Grameena Vikas Bank	12.37	67.73%	17.88%	14.39%	0.59	5.74%
34	Standard Chartered	12.23	94.56%	3.44%	2.00%	0.11	50.59%
35	Ujjivan Small Finance Bank	11.96	89.62%	7.81%	2.57%	0.22	36.94%
36	Tamilnad Mercantile Bank	10.67	90.33%	8.76%	0.91%	0.11	38.94%
37	Maharashtra Gramin Bank	10.52	82.13%	15.25%	2.62%	0.19	15.73%
38	AU small Finance Bank	10.33	92.78%	6.36%	0.86%	0.11	0.03%
39	Saraswat Bank	10.21	94.69%	4.89%	0.43%	0.06	74.07%
40	Pragathi Krishna Gramin Bank	10.21	87.48%	11.41%	1.11%	0.08	64.09%
41	Jammu and Kashmir Bank	9.80	89.15%	9.41%	1.43%	0.07	79.09%
42	Punjab and Sind Bank	9.60	88.55%	11.08%	0.37%	0.07	89.90%
43	Andhra Pragathi Grameena Bank	8.63	61.73%	33.23%	5.04%	0.26	5.75%
44	Rajasthan Marudhara Gramin Bank	7.57	75.62%	14.19%	10.19%	0.32	7.37%
45	Kerala Gramin Bank	7.18	87.13%	12.14%	0.73%	0.04	87.28%
46	ESAF Small Finance Bank Ltd.	6.81	84.30%	11.88%	3.81%	0.05	75.80%
47	RBL Bank	6.05	91.98%	7.87%	0.15%	0.03	92.58%
48	Baroda Rajasthan Kshetriya Gramin Bank	5.75	87.79%	9.44%	2.77%	0.09	33.87%
49	Sarva Haryana Gramin Bank	5.65	88.63%	8.19%	3.19%	0.09	79.14%
50	Telangana Grameena bank	5.26	78.85%	15.20%	5.96%	0.16	7.75%

UPI Top 50 Banks Performance (January'22)

UPI Beneficiary Banks - Top 50 Banks (January'22)
Sr.No.	UPI Beneficiary Banks (January-2022)	Total Volume (In Mn)	Approved %	BD%	TD%	Deemed Approved %
1	Paytm Payments Bank	957.39	99.27%	0.69%	0.04%	0.01%
2	State Bank Of India	647.80	98.59%	0.50%	0.77%	0.14%
3	Yes Bank Ltd	593.69	99.91%	0.06%	0.02%	0.01%
4	ICICI Bank	378.39	99.07%	0.78%	0.04%	0.12%
5	Axis Bank Ltd	353.13	99.51%	0.44%	0.00%	0.05%
6	HDFC Bank Ltd	246.23	98.41%	1.35%	0.06%	0.17%
7	Bank of Baroda	161.69	99.20%	0.47%	0.13%	0.20%
8	Union Bank of India	157.03	98.87%	0.63%	0.16%	0.35%
9	Canara Bank	122.30	98.63%	0.97%	0.25%	0.14%
10	Punjab National Bank	114.09	98.30%	0.71%	0.63%	0.37%
11	Bank of India	99.09	97.88%	0.67%	1.08%	0.37%
12	Kotak Mahindra Bank	94.65	98.61%	1.22%	0.03%	0.14%
13	Federal Bank	90.94	98.89%	0.26%	0.69%	0.16%
14	Indian Bank	62.69	92.59%	3.98%	1.67%	1.75%
15	Central Bank Of India	52.47	97.24%	0.78%	0.70%	1.29%
16	Airtel Payments Bank	50.67	97.93%	0.79%	0.95%	0.33%
17	IndusInd Bank	41.99	98.24%	0.71%	0.22%	0.82%
18	IDBI Bank Limited	38.58	98.84%	0.76%	0.22%	0.18%
19	Indian Overseas Bank	33.42	99.21%	0.58%	0.09%	0.13%
20	Bank of Maharashtra	30.65	99.00%	0.37%	0.45%	0.18%
21	UCO Bank	28.06	97.52%	1.27%	0.74%	0.47%
22	IDFC First Bank	24.19	98.20%	1.02%	0.29%	0.49%
23	Karnataka Bank	23.95	97.13%	0.79%	1.41%	0.67%
24	India Post Payment Bank	22.84	97.61%	0.50%	0.99%	0.90%
25	Karur Vysya Bank	18.68	98.84%	0.58%	0.36%	0.22%
26	South Indian Bank	13.71	99.03%	0.72%	0.22%	0.02%
27	Bandhan Bank	13.17	98.07%	0.78%	1.00%	0.15%
28	Citibank	12.15	98.54%	1.43%	0.02%	0.00%
29	AU small Finance Bank	9.54	98.61%	0.88%	0.23%	0.28%
30	Fino Payments Bank	9.41	94.59%	3.54%	1.81%	0.06%
31	City Union Bank	9.21	96.00%	1.33%	2.41%	0.26%
32	DBS Bank India Limited	8.68	95.63%	3.44%	0.65%	0.27%
33	Equitas Small Finance Bank	7.12	97.83%	1.38%	0.67%	0.12%
34	Ujjivan Small Finance Bank	7.12	97.29%	0.51%	1.22%	0.98%
35	Tamilnad Mercantile Bank	7.03	98.59%	0.64%	0.38%	0.39%
36	Pragathi Krishna Gramin Bank	6.40	99.09%	0.31%	0.19%	0.41%
37	Andhra Pradesh Grameena Vikas Bank	6.04	90.63%	0.16%	6.25%	2.96%
38	Maharashtra Gramin Bank	5.52	97.32%	0.36%	1.35%	0.97%
39	Punjab and Sind Bank	5.22	99.05%	0.59%	0.29%	0.08%
40	Saraswat Bank	4.93	98.97%	0.68%	0.24%	0.11%
41	Kerala Gramin Bank	4.88	99.37%	0.36%	0.12%	0.15%
42	RBL Bank	4.34	96.76%	3.15%	0.05%	0.05%
43	Rajasthan Marudhara Gramin Bank	4.27	92.64%	0.36%	4.16%	2.83%
44	ESAF Small Finance Bank Ltd.	4.22	96.17%	0.38%	3.26%	0.20%
45	Andhra Pragathi Grameena Bank	4.12	94.82%	0.29%	2.57%	2.31%
46	Jammu and Kashmir Bank	4.05	97.07%	1.73%	1.10%	0.11%
47	Sarva Haryana Gramin Bank	3.47	87.71%	1.02%	11.02%	0.25%
48	Baroda Rajasthan Kshetriya Gramin Bank	3.43	96.13%	2.10%	1.00%	0.77%
49	Karnataka Vikas Grameena Bank	3.14	97.09%	0.88%	1.04%	0.99%
50	Standard Chartered	3.05	95.83%	2.67%	1.23%	0.28%

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 (Jan'22)

UPI Apps (Jan'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	8.53	2,047.45	-	-	-	-	4.69	2,682.32	13.22	4,729.77
2	Allahabad Bank App	0.02	7.36	-	-	-	-	-	-	0.02	7.36
3	Amazon Pay	73.50	6,729.66	-	-	-	-	-	-	73.50	6,729.66
4	AU Small Finance Bank App	0.23	81.15	-	-	-	-	-	-	0.23	81.15
5	Axis Bank Apps	6.78	1,058.77	40.47	34.25	-	-	-	-	47.25	1,093.02
6	Bajaj Finserv	0.24	12.88	-	-	-	-	-	-	0.24	12.88
7	Bank of Baroda Apps	0.71	342.85	-	-	-	-	-	-	0.71	342.85
8	Bank of India App	0.05	20.23	-	-	-	-	-	-	0.05	20.23
9	Bank of Maharashtra App	0.05	12.46	-	-	-	-	-	-	0.05	12.46
10	BHIM	25.82	8,511.91	-	-	-	-	-	-	25.82	8,511.91
11	Canara Bank App	0.26	98.95	-	-	-	-	-	-	0.26	98.95
12	Central Bank of India App	0.13	47.33	-	-	-	-	-	-	0.13	47.33
13	Citi Bank App	0.09	77.80	-	-	-	-	-	-	0.09	77.80
14	City Union Bank App	0.02	4.92	-	-	-	-	-	-	0.02	4.92
15	Cointab	1.21	179.22	-	-	-	-	-	-	1.21	179.22
16	Cred	10.68	14,189.86	-	-	-	-	-	-	10.68	14,189.86
17	DBS Digibank App	0.51	186.79	-	-	-	-	-	-	0.51	186.79
18	Dena Bank App	0.02	26.50	-	-	-	-	-	-	0.02	26.50
19	Deutsche Bank App	0.92	61.95	-	-	-	0.13	-	-	0.92	62.08
20	Dhanlaxmi Bank App	0.01	2.95	-	-	-	-	-	-	0.01	2.95
21	Federal Bank App	0.54	109.25	-	-	-	-	-	-	0.54	109.25
22	Fino Payments bank App	0.03	2.79	-	-	-	-	-	-	0.03	2.79
23	Finshell Pay	0.07	3.69	-	-	-	-	-	-	0.07	3.69
24	Google Pay	1,584.20	298,267.07	-	-	-	-	-	-	1,584.20	298,267.07
25	HDFC Bank Apps	4.94	1,366.89	-	-	-	-	-	-	4.94	1,366.89
26	HSBC Bank App	0.08	54.47	0.00	0.09	-	-	-	-	0.08	54.57
27	ICICI Bank Apps	29.87	8,491.18	3.57	215.87	-	-	-	-	33.43	8,707.05
28	IDBI Bank App	0.02	12.54	-	-	-	-	-	-	0.02	12.54
29	IDFC Bank App	1.22	316.37	-	-	-	-	-	-	1.22	316.37
30	India Post Payments Bank App	2.65	309.42	-	-	-	-	-	-	2.65	309.42
31	Indian Bank App	0.13	47.42	-	-	-	-	-	-	0.13	47.42
32	IndusInd Bank App	0.74	1,218.79	-	-	-	-	-	-	0.74	1,218.79
33	Jammu and Kashmir Bank App	0.01	2.47	-	-	-	-	-	-	0.01	2.47
34	Janta Sahakari Bank App	0.01	4.46	-	-	-	-	-	-	0.01	4.46
35	Jio Payments Bank App	2.05	114.39	-	-	-	-	-	-	2.05	114.39
36	Jupiter Money	1.02	156.15	-	-	-	-	-	-	1.02	156.15
37	Karnataka Bank App	0.25	31.19	-	-	-	-	-	-	0.25	31.19
38	Karur Vysya Bank App	0.04	17.37	-	-	-	-	-	-	0.04	17.37
39	Kotak Mahindra Bank Apps	6.88	1,333.06	-	-	-	-	-	-	6.88	1,333.06
40	MakeMy Trip	0.06	19.63	-	-	-	-	-	-	0.06	19.63
41	MI Pay	0.27	40.51	-	-	-	-	-	-	0.27	40.51
42	Mobikwik	3.87	886.55	-	-	-	-	-	-	3.87	886.55
43	NSDL Payments Bank App	0.02	1.45	-	-	-	-	-	-	0.02	1.45
44	Paytm Payments Bank App	615.90	70,892.01	8.00	13.36	-	-	86.38	14,220.60	710.28	85,125.97
45	PhonePe	2,140.28	405,173.78	-	-	-	-	-	-	2,140.28	405,173.78
46	Punjab National Bank App	0.09	44.86	-	-	-	0.00	-	-	0.09	44.86
47	Punjab Sindh Bank App	0.01	2.87	-	-	-	-	-	-	0.01	2.87
48	RBL Bank App	0.42	101.45	-	-	0.01	0.00	-	-	0.43	101.45
49	Samsung Pay	3.17	431.07	-	-	-	-	-	-	3.17	431.07
50	South Indian Bank App	0.13	41.40	-	-	-	-	-	-	0.13	41.40
51	Standard Chartered Bank App	0.11	60.49	-	-	-	-	-	-	0.11	60.49
52	State Bank of India Apps	3.62	1,967.04	-	-	0.00	0.01	-	-	3.62	1,967.05
53	UCO Bank App	0.16	37.26	-	-	-	-	-	-	0.16	37.26
54	Ultracash	2.14	177.63	-	-	-	-	-	-	2.14	177.63
55	Union Bank Apps	0.39	182.27	-	-	-	-	-	-	0.39	182.27
56	WhatsApp	2.34	205.83	-	-	-	-	-	-	2.34	205.83
57	Yes Bank Apps	27.24	5,816.96	0.35	0.20	-	-	-	-	27.59	5,817.16
58	YuvaPay	0.05	77.12	-	-	-	-	-	-	0.05	77.12
59	Others	0.02	9.08	-	-	-	-	-	-	0.02	9.08

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)
Jan'22	4,617.15	8,31,993.11	2,757.61	6,67,270.65	1,859.54	1,64,722.46

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 (Jan'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	1,822.82	98.20%	1.79%	0.01%
2	Axis Bank Ltd.	727.18	98.10%	1.54%	0.36%
3	Paytm Payments Bank	637.22	97.91%	1.76%	0.33%
4	ICICI Bank	570.85	98.08%	1.59%	0.33%
5	State Bank Of India	463.35	97.71%	1.79%	0.50%
6	HDFC BANK LTD	426.94	98.48%	0.99%	0.53%
7	BHIM	28.08	91.94%	7.67%	0.39%
8	Airtel Payments Bank	10.34	82.46%	17.27%	0.27%
9	Kotak Mahindra Bank	7.11	96.67%	3.33%	0.00%
10	IDFC FIRST Bank	3.49	96.09%	3.83%	0.08%
11	India Post Payment Bank	2.85	93.07%	6.92%	0.01%
12	Jio Payments Bank	2.19	93.71%	5.29%	1.00%
13	Federal Bank	1.82	96.50%	3.09%	0.41%
14	Deutsche Bank	0.94	99.91%	0.09%	0.00%
15	INDUSIND BANK	0.85	86.48%	13.46%	0.06%

UPI Payee PSP Performance (Jan'22)
Sr. No.	Payer PSP	Total Volume (In Mn)	Approved %	BD %	TD %
1	Yes Bank Ltd	1,749.57	99.09%	0.68%	0.23%
2	Paytm Payments Bank	901.14	99.39%	0.50%	0.11%
3	Axis Bank Ltd.	563.88	98.94%	0.67%	0.39%
4	ICICI Bank	519.30	98.82%	0.88%	0.30%
5	HDFC BANK LTD	249.47	97.12%	2.46%	0.42%
6	State Bank Of India	236.59	97.91%	1.02%	1.07%
7	Federal Bank	57.95	97.47%	0.03%	2.50%
8	INDUSIND BANK	21.39	97.85%	0.99%	1.16%
9	Airtel Payments Bank	15.75	99.15%	0.09%	0.76%
10	Kotak Mahindra Bank	11.53	98.67%	1.00%	0.33%
11	IDFC FIRST Bank	11.17	99.07%	0.14%	0.79%
12	Citibank	9.79	99.59%	0.00%	0.41%
13	BHIM	8.75	97.25%	0.23%	2.52%
14	Bank of Baroda	3.60	99.24%	0.14%	0.62%
15	AU small Finance Bank	2.76	97.11%	0.00%	2.89%

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.
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 Ecosystem Statistics

UPI

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UPI Merchant Category Classification - Jun 24

Glossary

UPI Top 50 Banks Performance (May'24)

UPI Top 50 Banks Performance (May'24)

Glossary

UPI Apps (May'24)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

Glossary

UPI Merchant Category Classification - May 24

Glossary

UPI Top 50 Banks Performance (Apr'24)

UPI Top 50 Banks Performance (Apr'24)

Glossary

UPI Apps (Apr'24)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

Glossary

UPI Merchant Category Classification - Apr 24

Glossary

UPI Top 50 Banks Performance (Mar'24)

UPI Top 50 Banks Performance (Mar'24)

Glossary

UPI Apps (Mar'24)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

Glossary

UPI Merchant Category Classification - Mar 24

Glossary

UPI Top 50 Banks Performance (Feb'24)

UPI Top 50 Banks Performance (Feb'24)

Glossary

UPI Apps (Feb'24)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

Glossary

UPI Merchant Category Classification - Feb 24

Glossary

UPI Top 50 Banks Performance (Jan'24)

UPI Top 50 Banks Performance (Jan'24)

Glossary

UPI Apps (Jan'24)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

Glossary

UPI Merchant Category Classification - Jan 24

Glossary

UPI Top 50 Banks Performance (Dec'23)

UPI Top 50 Banks Performance (Dec'23)

Glossary

UPI Apps (Dec'23)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

Glossary

UPI Merchant Category Classification - Dec 23

Glossary

UPI Top 50 Banks Performance (Nov'23)

UPI Top 50 Banks Performance (Nov'23)

Glossary

UPI Apps (Nov'23)

UPI P2P and P2M Transactions

Glossary

UPI Payer PSP Performance

Glossary

UPI Merchant Category Classification - Nov 23

Glossary

UPI Top 50 Banks Performance (Oct'23)

UPI Top 50 Banks Performance (Oct'23)

Glossary

UPI Apps (Oct'23)

UPI P2P and P2M Transactions