Electronic Payments Data : Before And After Demonetization

This is the change encountered by electronic payments instruments between Nov and December 2016.
– UPI is up by 533% (though remains very small in absolute terms).
– Mobile banking went down by 7% (in terms of volume).
– USSD recorded the maximum growth (in terms of volume and value).

Electronic Payment Value (percentage change by value)
Electronic Payment Value (percentage change by value)
Electronic Payment Value (percentage change by volume)
Electronic Payment Value (percentage change by volume)

How big is UPI? Take a look at data of share captured by different electronic payment instrument (by volume).

 


» Link to RBI data / announcement

What insights are you deriving from these?

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