RuPay records 1 billion transactions, 70% growth since last year

RuPay has clocked 1 billion transactions through both online and offline merchant payment modes in FY 2019, almost 70% jump compared to the 667 million transactions last year, as per data from NPCI and RBI.

As far as transactions are concerned, RuPay has witnessed 135% increase, compared to the previous year.

This growth is largely driven by discounts/offers during the Cricket World Cup.

“RuPay currently has 33% market share of card transactions. Today, there are over 1,100 banks issuing around 600 million RuPay cards, half of which are in the mid and premium segments,” said Praveena Rai, chief operating officer, Rupay (via).

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