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Bengaluru recorded highest number of digital transactions among cities while MH topped among states in 2019: Report by Worldline India

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In accordance with the report by online payment processor Worldline India titled “Wordline India Digital Payments 2019”, Bengaluru (Karnataka) accounted for the highest number of digital transactions in India in 2019, followed by Chennai (Tamil Nadu), Mumbai and Pune in Maharashtra.

  • Among states, Maharashtra (MH) has topped with the highest number of digital transactions.It is followed by Karnataka, Tamil Nadu, and Delhi.
  • The most preferred mode of payment was United Payments Interface (UPI). It was followed by debit cards, immediate payment service (IMPS), and credit cards, in terms of volume share of digital transactions. UPI is also the fastest payment mode to hit 1 billion monthly transactions.

Key Points:

-In 2019, payment modes recorded a combined transaction volume of over 20 trillion and a combined value of over Rs54 trillion.

-UPI recorded around 10.8 billion transactions in 2019, a 188% year-on-year (YoY). In terms of value, UPI facilitated transactions worth Rs 18.36 trillion in 2019, up 214% YoY compared to 2018.

-On the other hand, the transaction value of debit cards stood at Rs 6.8 trillion in 2019 while transaction value of credit cards stood at Rs7.1 trillion, registering YoY growth of 21% and 33% respectively.

-Number of debit cards transactions at point-of-sale (PoS) terminals stood at 4.9 trillion in 2019, a 16% growth as compared with previous the year. While the number of credit card transactions at PoS machines stood at 2 trillion in 2019, achieving a 20% YoY growth.

-Merchants in grocery, restaurants, fuel stations, apparel stores, and specialty retail recorded the highest volume share of transactions in 2019.

About UPI
Established– 2016
Owner– National Payments Corporation of India (NPCI)