Dataset - Digital Payments and Transactions: Year-, Month- and Bank-wise Volume and Performance of UPI Payer and Payee Payment Service Provider (PSP) Transactions
Digital Payments and Transactions: Year-, Month- and Bank-wise Volume and Performance of UPI Payer and Payee Payment Service Provider (PSP) Transactions
High Frequency Indicator: The dataset contains year-, month- and bank-wise compiled data from the year 2022 to till date on the volume and performance of Unified Payment Interface (UPI) Payer and Payee Payment Service Provider (PSP), along with percentage of transactions which have been approved, business declined (BD) and technical declined (TD)
Notes:
1. Business Declines (BD) are declined transactions due to a customer entering an invalid pin, incorrect beneficiary account etc. or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc.
2. Technical Declines (TD) transactions are those transactions are declined due to any technical reasons such as bank ID is empty or not in correct format or exception code not in Database or not in correct format, etc
3. Payer PSP is a system bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication. Using this function, a customer can enter their UPI PIN to approve a financial transaction or non financial request, wherever necessary.
4. Payee PSP is a system where a bank can onboard a customer/merchant and allow them to receive money on the basis basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.
Digital Payments and Transactions: Year-, Month- and Bank-wise Volume and Performance of UPI Payer and Payee Payment Service Provider (PSP) Transactions
High Frequency Indicator: The dataset contains year-, month- and bank-wise compiled data from the year 2022 to till date on the volume and performance of Unified Payment Interface (UPI) Payer and Payee Payment Service Provider (PSP), along with percentage of transactions which have been approved, business declined (BD) and technical declined (TD)
Notes:
1. Business Declines (BD) are declined transactions due to a customer entering an invalid pin, incorrect beneficiary account etc. or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc.
2. Technical Declines (TD) transactions are those transactions are declined due to any technical reasons such as bank ID is empty or not in correct format or exception code not in Database or not in correct format, etc
3. Payer PSP is a system bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication. Using this function, a customer can enter their UPI PIN to approve a financial transaction or non financial request, wherever necessary.
4. Payee PSP is a system where a bank can onboard a customer/merchant and allow them to receive money on the basis basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.
Rows: 1695
Columns: 10
Time period: 2021-22 to 2026-27
Last Updated: 12 October 2026
Data preview
fiscal_year
month
category
bank_name
total_volume
approved
bd
td
units
notes
2026-27
August
Payee
Airtel Payments Bank Limited
374.067
79.13
20.79
0.08
total_volume in millions, approved in percentage, bd in percentage, td in percentage
2026-27
August
Payee
Axis Bank Ltd.
4982.939
91.84
8.09
0.07
total_volume in millions, approved in percentage, bd in percentage, td in percentage
2026-27
August
Payee
Canara Bank
105.802
97.33
2.6
0.07
total_volume in millions, approved in percentage, bd in percentage, td in percentage
2026-27
August
Payee
Federal Bank Ltd.
267.311
97.36
2.57
0.07
total_volume in millions, approved in percentage, bd in percentage, td in percentage
2026-27
August
Payee
HDFC Bank Ltd.
1661.104
94
5.93
0.07
total_volume in millions, approved in percentage, bd in percentage, td in percentage
2026-27
August
Payee
ICICI Bank Ltd.
1814.114
92.63
7.3
0.07
total_volume in millions, approved in percentage, bd in percentage, td in percentage
2026-27
August
Payee
Indusind Bank Ltd.
127.384
92.46
7.42
0.12
total_volume in millions, approved in percentage, bd in percentage, td in percentage
2026-27
August
Payee
Kotak Mahindra Bank
204.905
89.78
10.15
0.07
total_volume in millions, approved in percentage, bd in percentage, td in percentage
2026-27
August
Payee
NPCI BHIM Services Ltd (NBSL)
75.139
96.09
3.85
0.05
total_volume in millions, approved in percentage, bd in percentage, td in percentage
2026-27
August
Payee
NSDL Payments Bank Limited
305.951
38.93
60.97
0.1
total_volume in millions, approved in percentage, bd in percentage, td in percentage
The fiscal year to which the transaction data pertains, expressed as a two-year span.
month
String
12
1695
The calendar month of the reporting period for the transaction data.
category
String
2
1695
The side of the transaction the record refers to, such as the bank acting as payee or payer.
bank_name
String
100
1695
Name of the bank or payments institution for which the transaction metrics are reported.
total_volume
Float64
1599
1695
Total volume of transactions processed, expressed in millions.
approved
Float64
788
1695
Percentage of transaction requests that were successfully approved.
bd
Float64
757
1680
Percentage of transactions in the 'bd' (likely business decline) category, i.e., declined for business rather than technical reasons.
td
Float64
136
1695
Percentage of transactions in the 'td' (likely technical decline) category, i.e., declined due to system or processing failures.
units
String
1
1695
Units of measurement for the row's metrics: total_volume in millions, with approved, bd, and td expressed as percentages.
notes
String
1
0
Optional remarks or supplementary notes associated with the record.
Citation
National Payments Corporation of India. (2026). Digital Payments and Transactions: Year-, Month- and Bank-wise Volume and Performance of UPI Payer and Payee Payment Service Provider (PSP) Transactions [Data set]. Dataful. https://dataful.in/datasets/18242