Downloads: 6 | Views: 200 | Weekly Hits: ⮙1 | Monthly Hits: ⮙3
Comparative Studies | Business and Finance | India | Volume 14 Issue 2, February 2025 | Popularity: 5.4 / 10
A Comparative Study on Growth of UPI over Debit Card Transactions in India
Megha Bhoote
Abstract: Information technology have made a lot of impact on our daily lives. It forced the common people to move from traditional payment system towards the digital payment system which ensured safe, secure and convenience. There are different types of digital payments are available such as Payment Cars, USSD, AEPS, UPI, Digital Wallets and so on. The present paper made a highlight on Debit cards and UPI transactions. Debit card payment remained sluggish due to the surge in the digital transactions after the pandemic and UPI emerged as the most popular mode of money transfer particularly small value of transactions according to RBI data. The research paper attempt to analyse the value and volume of UPI and Debit card transactions and also compare the growth of UPI over the debit card transactions in India. The study is based on the secondary data gathered from official website of RBI &NPCI. The graphs are used for analysing the data and Trend analysis technique used to interpret the data. The conclusion of the paper is that there is mass acceptance of UPI mode of payment drastically declined the usage of debit cards in India.
Keywords: UPI, Debit Card, Transaction, RBI, NPCI, Growth
Edition: Volume 14 Issue 2, February 2025
Pages: 237 - 241
DOI: https://www.doi.org/10.21275/SR25124112037
Please Disable the Pop-Up Blocker of Web Browser
Verification Code will appear in 2 Seconds ... Wait