Sign up to save your podcasts
Or
Share Autos to tea stalls: UPI makes inroads
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Autos to tea stalls: UPI makes inroads
As a result, the average ticket size of UPI transactions has more than halved from Rs 3,902 in FY17 to Rs 1,751 in FY20 till date.While the ticket size is getting smaller the frequency of use is increasing.
The decline in average ticket size has been secular in FY20.
From Rs 2,078 in May 2019, it dropped to Rs 1,942 in June, Rs 1,780 in July, and to Rs 1,552 in November.NPCI said more people are using UPI to shop.
“Increasing share of P2M is shrinking the average transaction size.
He added that the P2M transactions are on an average between Rs 450-700, while P2P transactions are largely above Rs 1,000. | To read full story, visit https://startuparound.com/read/1576045907.0531952/Autos-to-tea-stalls:-UPI-makes-inroads?ref=audio_experience
View all episodes
By Startup AroundAs a result, the average ticket size of UPI transactions has more than halved from Rs 3,902 in FY17 to Rs 1,751 in FY20 till date.While the ticket size is getting smaller the frequency of use is increasing.
The decline in average ticket size has been secular in FY20.
From Rs 2,078 in May 2019, it dropped to Rs 1,942 in June, Rs 1,780 in July, and to Rs 1,552 in November.NPCI said more people are using UPI to shop.
“Increasing share of P2M is shrinking the average transaction size.
He added that the P2M transactions are on an average between Rs 450-700, while P2P transactions are largely above Rs 1,000. | To read full story, visit https://startuparound.com/read/1576045907.0531952/Autos-to-tea-stalls:-UPI-makes-inroads?ref=audio_experience