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1900 spent via UPI for every 100 on debit cards in FY23 Report

Admin - 2 years ago
Economy
For every ₹100 spent on debit cards, consumers spent over ₹1,900 via UPI in FY23, Mint reported citing government data. As per the data, aggregate debit card transactions by value stood at ₹7.2 trillion in FY23, against ₹139.2 trillion for UPI. Overall, debit card transaction volume stood at 3.4 billion, while UPI transaction volume in FY23 was at 83.8 billion.
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