Payment System Indicators - March 2024 - RBI - Reserve Bank of India
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Payment System Indicators - March 2024
Payment System Indicators | ||||||||
PART I - Payment System Indicators - Payment & Settlement System Statistics | ||||||||
Volume (lakh) | Value (₹ crore) | |||||||
FY 2023-24 | 2023 March |
2024 | 2024 | FY 2023-24 | 2023 March |
2024 | 2024 | |
February | March | February | March | |||||
1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | |
A. Settlement Systems | ||||||||
Financial Market Infrastructures (FMIs) | ||||||||
1 CCIL Operated Systems | 43.04 | 3.66 | 3.60 | 3.48 | 259206893 | 22458408 | 21907760 | 21627756 |
1.1 Govt. Securities Clearing | 16.80 | 1.25 | 1.46 | 1.14 | 170464587 | 14269424 | 14722762 | 13374679 |
1.1.1 Outright | 9.51 | 0.65 | 0.87 | 0.60 | 13463848 | 952079 | 1273135 | 981057 |
1.1.2 Repo | 4.94 | 0.40 | 0.39 | 0.35 | 76718788 | 6682508 | 6575139 | 6226720 |
1.1.3 Tri-party Repo | 2.35 | 0.20 | 0.20 | 0.19 | 80281951 | 6634836 | 6874488 | 6166902 |
1.2 Forex Clearing | 24.92 | 2.28 | 2.04 | 2.27 | 80984671 | 7329087 | 6537554 | 7795104 |
1.3 Rupee Derivatives @ | 1.31 | 0.13 | 0.09 | 0.07 | 7757636 | 859897 | 647444 | 457973 |
B. Payment Systems | ||||||||
I Financial Market Infrastructures (FMIs) | ||||||||
1 Credit Transfers - RTGS | 2700.16 | 248.01 | 238.26 | 278.47 | 170886670 | 16122902 | 14614297 | 18128366 |
1.1 Customer Transactions | 2686.04 | 246.66 | 237.09 | 277.25 | 152406168 | 14416322 | 13083464 | 16588625 |
1.2 Interbank Transactions | 14.12 | 1.35 | 1.17 | 1.22 | 18480503 | 1706580 | 1530833 | 1539741 |
II Retail | ||||||||
2 Credit Transfers - Retail | 1486106.89 | 100851.12 | 137733.21 | 152969.08 | 67542859 | 5906936 | 6039675 | 7152557 |
2.1 AePS (Fund Transfers) @ | 3.92 | 0.36 | 0.32 | 0.34 | 261 | 24 | 21 | 22 |
2.2 APBS $ | 25888.17 | 1932.07 | 2965.77 | 3014.53 | 390743 | 26400 | 48312 | 44707 |
2.3 IMPS | 60053.35 | 4970.56 | 5346.35 | 5806.36 | 6495652 | 546235 | 568092 | 634706 |
2.4 NACH Cr $ | 16227.27 | 1962.73 | 1504.81 | 1808.71 | 1525104 | 178757 | 123887 | 173928 |
2.5 NEFT | 72639.50 | 5469.06 | 6889.23 | 7939.10 | 39136014 | 3750569 | 3471495 | 4320840 |
2.6 UPI @ | 1311294.68 | 86516.34 | 121026.73 | 134400.04 | 19995086 | 1404951 | 1827869 | 1978353 |
2.6.1 of which USSD @ | 26.19 | 1.50 | 1.66 | 1.78 | 352 | 18 | 19 | 20 |
3 Debit Transfers and Direct Debits | 18249.53 | 1403.39 | 1611.25 | 1661.00 | 1687658 | 126113 | 153734 | 165047 |
3.1 BHIM Aadhaar Pay @ | 193.59 | 12.92 | 15.43 | 22.68 | 6112 | 492 | 376 | 584 |
3.2 NACH Dr $ | 16426.49 | 1246.53 | 1464.78 | 1492.00 | 1678769 | 125376 | 153173 | 164223 |
3.3 NETC (linked to bank account) @ | 1629.45 | 143.94 | 131.04 | 146.32 | 2777 | 246 | 184 | 240 |
4 Card Payments | 58469.79 | 5016.79 | 4634.92 | 5034.13 | 2423563 | 191035 | 190658 | 209208 |
4.1 Credit Cards | 35610.15 | 2634.29 | 3112.44 | 3439.38 | 1831134 | 137311 | 149206 | 164459 |
4.1.1 PoS based $ | 18614.08 | 1404.60 | 1618.50 | 1800.04 | 651911 | 50920 | 54431 | 60378 |
4.1.2 Others $ | 16996.08 | 1229.69 | 1493.94 | 1639.34 | 1179223 | 86391 | 94775 | 104081 |
4.2 Debit Cards | 22859.64 | 2382.50 | 1522.47 | 1594.75 | 592429 | 53724 | 41452 | 44749 |
4.2.1 PoS based $ | 16477.95 | 1652.35 | 1108.96 | 1163.77 | 393589 | 35222 | 27918 | 29309 |
4.2.2 Others $ | 6381.69 | 730.15 | 413.51 | 430.98 | 198840 | 18502 | 13534 | 15440 |
5 Prepaid Payment Instruments | 78775.39 | 6402.38 | 6470.84 | 5804.84 | 283048 | 24005 | 22674 | 18200 |
5.1 Wallets | 63256.69 | 5183.32 | 5211.85 | 4489.88 | 234353 | 19681 | 18434 | 13741 |
5.2 Cards | 15518.70 | 1219.06 | 1259.00 | 1314.96 | 48694 | 4324 | 4240 | 4459 |
5.2.1 PoS based $ | 8429.87 | 705.70 | 702.41 | 699.02 | 11247 | 1041 | 919 | 964 |
5.2.2 Others $ | 7088.83 | 513.36 | 556.58 | 615.94 | 37447 | 3283 | 3321 | 3494 |
6 Paper-based Instruments | 6632.10 | 642.76 | 541.88 | 585.31 | 7212333 | 706181 | 602630 | 688745 |
6.1 CTS (NPCI Managed) | 6632.10 | 642.76 | 541.88 | 585.31 | 7212333 | 706181 | 602630 | 688745 |
6.2 Others | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Total Retail Payments (2+3+4+5+6) | 1648233.71 | 114316.43 | 150992.11 | 166054.36 | 79149461 | 6954270 | 7009371 | 8233757 |
Total Payments (1+2+3+4+5+6) | 1650933.87 | 114564.44 | 151230.37 | 166332.84 | 250036131 | 23077172 | 21623668 | 26362123 |
Total Digital Payments (1+2+3+4+5) | 1644301.77 | 113921.68 | 150688.49 | 165747.53 | 242823798 | 22370991 | 21021038 | 25673378 |
PART II - Payment Modes and Channels | ||||||||
Volume (lakh) | Value (₹ crore) | |||||||
FY 2023-24 | 2023 March |
2024 | 2024 | FY 2023-24 | 2023 March |
2024 | 2024 | |
February | March | February | March | |||||
1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | |
A. Other Payment Channels | ||||||||
1 Mobile Payments (mobile app based) | 1252424.21 | 81648.69 | 117275.04 | 128450.58 | 30683078 | 2250094 | 2828120 | 3127951 |
1.1 Intra-bank $ | 83000.56 | 5868.83 | 7774.97 | 8771.04 | 5676805 | 436885 | 530845 | 602816 |
1.2 Inter-bank $ | 1169423.65 | 75779.86 | 109500.07 | 119679.54 | 25006272 | 1813209 | 2297275 | 2525135 |
2 Internet Payments (Netbanking / internet browser based) @ | 45034.98 | 3879.51 | 3800.36 | 4250.54 | 102117756 | 8981727 | 8867591 | 10374065 |
2.1 Intra-bank @ | 12033.40 | 987.21 | 1008.05 | 1143.12 | 53247090 | 4769894 | 4540083 | 5235883 |
2.2 Inter-bank @ | 33001.58 | 2892.30 | 2792.31 | 3107.43 | 48870666 | 4211833 | 4327508 | 5138182 |
B. ATMs | ||||||||
3. Cash Withdrawal at ATMs $ | 66440.72 | 5921.71 | 5172.34 | 5563.96 | 3259388 | 286761 | 257238 | 278271 |
3.1 Using Credit Cards $ | 95.80 | 8.26 | 7.91 | 8.83 | 4648 | 402 | 395 | 446 |
3.2 Using Debit Cards $ | 66001.01 | 5878.89 | 5139.17 | 5528.63 | 3241538 | 284949 | 255809 | 276714 |
3.3 Using Pre-paid Cards $ | 343.90 | 34.56 | 25.26 | 26.50 | 13202 | 1411 | 1034 | 1111 |
4. Cash Withdrawal at PoS $ | 15.18 | 2.32 | 0.55 | 0.53 | 148 | 23 | 5 | 5 |
4.1 Using Debit Cards $ | 15.06 | 2.31 | 0.53 | 0.51 | 147 | 23 | 5 | 5 |
4.2 Using Pre-paid Cards $ | 0.12 | 0.02 | 0.01 | 0.02 | 1 | 0 | 0 | 0 |
5. Cash Withdrawal at Micro ATMs @ | 11754.95 | 1083.61 | 812.15 | 1059.56 | 314003 | 30015 | 21543 | 27303 |
5.1 AePS @ | 11754.95 | 1083.61 | 812.15 | 1059.56 | 314003 | 30015 | 21543 | 27303 |
PART III - Payment Infrastructures (lakh) | ||||
As on March 2024 | 2023 March |
2024 | 2024 | |
February | March | |||
1 | 2 | 3 | 4 | |
Payment System Infrastructures | ||||
1 Number of Cards | 10667.22 | 10465.62 | 10612.71 | 10667.22 |
1.1 Credit Cards | 1018.03 | 853.03 | 1006.00 | 1018.03 |
1.2 Debit Cards | 9649.19 | 9612.59 | 9606.71 | 9649.19 |
2 Number of PPIs @ | 16743.63 | 16441.50 | 17118.53 | 16743.63 |
2.1 Wallets @ | 13381.80 | 13268.53 | 13795.76 | 13381.80 |
2.2 Cards @ | 3361.82 | 3172.97 | 3322.78 | 3361.82 |
3 Number of ATMs and CRMs | 2.58 | 2.59 | 2.57 | 2.58 |
3.1 Bank owned ATMs$ and CRMs# | 2.23 | 2.23 | 2.23 | 2.23 |
3.2 White Label ATMs $ | 0.35 | 0.36 | 0.34 | 0.35 |
4 Number of Micro ATMs @ | 17.55 | 16.11 | 17.01 | 17.55 |
5 Number of PoS Terminals | 89.03 | 77.90 | 87.73 | 89.03 |
6 Bharat QR @ | 62.50 | 53.82 | 61.50 | 62.50 |
7 UPI QR * | 3462.03 | 2563.77 | 3371.80 | 3462.03 |
PART IV - Payment Modes and Channels (International) | ||||
Details of International transactions done using cards (credit, debit and PPI) issued in India | ||||
Volume (lakh) | Value (₹ crore) | |||
2024 | 2024 | 2024 | 2024 | |
February | March | February | March | |
1. Card Payments | 87.22 | 98.62 | 6809 | 7718 |
1.1 Credit Cards | 53.99 | 62.55 | 5002 | 5734 |
1.1.1 PoS based | 19.65 | 23.27 | 1475 | 1727 |
1.1.2 Online | 34.35 | 39.27 | 3527 | 4006 |
1.2 Debit Cards | 33.22 | 36.07 | 1807 | 1984 |
1.2.1 PoS based | 13.73 | 14.88 | 648 | 683 |
1.2.2 Online | 19.50 | 21.19 | 1159 | 1301 |
2. Prepaid Payment Instruments | 24.16 | 27.27 | 946 | 1058 |
2.1 PoS based | 20.68 | 23.44 | 728 | 836 |
2.2 Online | 3.48 | 3.83 | 218 | 222 |
3. Cash Withdrawal at ATMs | 6.22 | 6.64 | 1563 | 1558 |
3.1 Using Credit Cards | 0.35 | 0.41 | 60 | 70 |
3.2 Using Debit Cards | 4.21 | 4.45 | 858 | 873 |
3.3 Using PPIs | 1.67 | 1.78 | 644 | 616 |
Total International Payments | 117.60 | 132.53 | 9318 | 10334 |
PART V - Domestic Payment Frauds | ||||
Volume (Lakh) | Value (Crore) | One in every X payment transaction fraudulent | FTS (Fraud / Payment Value * 10000) | |
September 2022 | 1.71 | 249 | 58177.41 | 0.127 bps |
October 2022 | 1.79 | 220 | 59533.35 | 0.127 bps |
November 2022 | 2.06 | 257 | 50620.69 | 0.143 bps |
December 2022 | 1.54 | 204 | 72426.75 | 0.103 bps |
January 2023 | 1.57 | 195 | 71681.44 | 0.106 bps |
February 2023 | 2.29 | 317 | 47018.00 | 0.177 bps |
March 2023 | 2.25 | 333 | 53907.48 | 0.142 bps |
April 2023 | 1.75 | 273 | 68927.36 | 0.152 bps |
May 2023 | 2.03 | 285 | 63051.71 | 0.147 bps |
June 2023 | 1.74 | 265 | 72554.96 | 0.128 bps |
July 2023 | 2.24 | 286 | 59898.87 | 0.146 bps |
August 2023 | 2.40 | 320 | 58391.71 | 0.157 bps |
September 2023 | 2.52 | 366 | 55057.76 | 0.174 bps |
October 2023 | 2.23 | 335 | 66950.05 | 0.164 bps |
November 2023 | 2.57 | 428 | 57618.81 | 0.209 bps |
December 2023 | 2.92 | 432 | 53327.09 | 0.187 bps |
January 2024 | 2.69 | 435 | 56335.82 | 0.207 bps |
February 2024 | 2.53 | 503 | 62171.93 | 0.230 bps |
March 2024 | 2.57 | 471 | 67394.38 | 0.177 bps |
Note : 1. Data is provisional. 2. ECS (Debit and Credit) has been merged with NACH with effect from January 31, 2020. 3. The data from November 2019 onwards for card payments (Debit/Credit cards) and Prepaid Payment Instruments (PPIs) may not be comparable with earlier months/ periods, as more granular data is being published along with revision in data definitions. 4. Only domestic financial transactions are considered. The new format captures e-commerce transactions; transactions using FASTags, digital bill payments and card-to-card transfer through ATMs, etc.. Also, failed transactions, chargebacks, reversals, expired cards/ wallets, are excluded. 5. Data on domestic payment fraud statistics as reported by Scheduled Commercial Banks (excluding RRBs), Non-bank PPI issuers and Non-bank Credit Card issuers in CPFIR (Central Payments Fraud Information Registry). 6. Data does not include attempts to perpetrate frauds. |
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