UPI's top checkout by volume in July: The grocery aisle

Grocery stores and supermarkets recorded the highest over three billion Unified Payments Interface (UPI) transactions worth ₹64,881.98 crore in July, accounting for nearly a quarter of all UPI peer-to-merchant (P2M) transactions by volume, according to the National Payments Corporation of India (NPCI) data.

- AJINKYA KAWALE

This is the first time the payments body has released such detailed category-wise numbers.

Moreover, debt collection agencies topped the charts by value, recovering ₹93,857 crore through 161.36 million transactions, showcasing new use cases of the real-time payments system, data reviewed by Business Standard showed.

NPCI uploads new data points on UPI from time to time. One of the reasons to do that is to provide an ecosystem-level overview to all ecosystem participants, including banks and fintechs. The apex retail payments body has also published state-wise data on UPI transaction volumes and value recently.

In July, UPI hit a record 19.46 billion transactions, processing a total value of ₹25.08 trillion. Out of this total volume, 63.63 per cent payments were P2M, with the rest being made to other peers (P2P) in terms of the volume of transactions.

The volume and value of P2M UPI transactions stood at 12.38 billion and ₹7.34 trillion, respectively in July.