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UPI beats IMPS, debit cards to remain most preferred payment mode in 2019, says report

Updated : February 28, 2020 11:11 AM IST

UPI recorded a transaction volume of 10.8 billion in 2019, a year-over-year increase of 188 per cent, said the report from payments company Worldline India (WI).
Immediate Payment Service (IMPS) recorded 55 percent year-over-year increase by facilitating about 2.3 billion transactions in volume.
The country has witnessed full range of Aadhaar enabled banking services through AePS over the past few years.
UPI beats IMPS, debit cards to remain most preferred payment mode in 2019, says report

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