National Payment Corporation of India shares the payment statistics as on 15th August,2023

NPCI or national payment corporation of India- the name you might have heard frequently whenever it comes to the payment system of India. NPCI was an initiative taken by the RBI and Indian Bank’s Association to operate retail payments and settlement systems in India. This corporation shares daily payment statistics which show that on which online transaction method the highest payments were made.

NPCI has today shared the Payment systems statistics for 15^th August 2023 via Twitter.

15th August 2023: DAILY PAYMENTS STATISTICS #BHIMUPI #IMPS #NETC #AePS pic.twitter.com/Pt0o2GSsXT

— NPCI (@NPCI_NPCI) August 16, 2023

According to this data, BHIM and UPI modes have once again surpassed the other modes which indicates that UPI still continues to see growth in its transaction numbers when compared to others.

As per the stats 2.78 Mn transactions were made from AEPS (Adhaar-enabled payment system)on 15^th August resulting in a total transaction value of 678.19 crore. While with IMPS (Immediate payment service) 13.91Mn transactions were made on the same day with a total transaction value of 10,754.85 crores. On NETC (National Electronic toll collection)9.96Mn transactions were made with a total transaction value of 161.82 crores.

BHIM (Bharat Interface for money) and UPI (Unified Payment Interface) were once again widely used methods on 15^th August with 328.46Mn transactions made resulting in a total transaction value of 39,607.89 crores. These payment methods account for more than half of India’s digital transactions.