Year, Month and Bank wise UPI Autopay Execution Statistics - Total volume. Approved volume, Business Declined and Technical Declined volume

The dataset contains Year, Month and Bank wise UPI Autopay Execution Statistics - Total volume. Approved volume, Business Declined and Technical Declined volume Note: 1. From Dec'24 the total volume is in millions, prior to Dec'24 the Total Volume is in absolute terms. 2. All payer and payee PSP contributing to total volume of more than 10,000 are listed above. 3. Business Decline (BD) - Transaction decline due to a customer's bank / account facing issues like insufficient funds, account blocked/frozen, account closed, etc. Or due to other business reasons such as customer entering an invalid pin, incorrect beneficiary account, exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. Such declined transactions are termed as Business Decline. Any decline which is not because of a technical reason of the bank or NPCI is termed as Business Decline. 4. Technical Decline (TD) - Transaction decline due to technical reasons, such as unavailability of systems and network issues on bank or NPCI side. 5. PSP - Payment Service Provider 6. Payer PSP - Under this function a bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication, using this customer can enter their UPI PIN to approve a financial transaction or non-financial request where ever necessary. 7. Payee PSP - Under this function a bank can onboard a customer/merchant & allow them to receive money basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.