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Systematix Research Report
In Indian banking sector, retail payments (in value terms) fell 17.2% month-on-month, but were up 54.8% YoY to Rs 50.1 trillion in April 2022.
Within retail payments, credit transfers maintained their sizable composition at ~81%. Within credit transfers, NEFT transactional value reduced sharply month-on-month, as transaction payments under UPI and IMPS rose.
Card payment contributed ~3.4% of total retail payments, and within this, credit cards garnered higher transactional value at ~2.1% of total retail payments.
The ticket size in cards (both credit and debit) payments has been rising since last seven months, while that in NEFT, ticket size has been stable at Rs 66,800 over last four-five months.
The ticket size in UPI transactions has also been falling gradually. Non-retail RTGS transactional value moved in a narrow range, with the ticket size having moderated in last six-seven months.
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