The Reserve Bank of India (RBI), the central bank of the country, has decided to publish select payment systems data daily.
In a statement, RBI noted that the practice will support research and contribute to innovations in payment systems.
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The data published include several prominent payment systems such as national electronic funds transfer (NEFT) and real-time gross settlement (RTGS).
It also includes Aadhaar-enabled payment system (AePS), immediate payment service (IMPS) and unified payments interface (UPI) among others.
The data includes volume and value of transactions undertaken across the payment systems.
“The data relating to transactions undertaken during the day will be published on the subsequent working day. Data relating to cards will be published once the daily reporting systems are in place,” the statement added.
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By GlobalDataThe first set of data for 3 June shows that 430,000 transactions were conducted through RBI’s RTGS channel.
In the same day, NPCI-operated UPI recorded 45 million transactions, while there were 9.5 million ATM withdrawals.
Recently, it was reported that digital payments in India rebounded in the month of May. The number of online transactions fell for a brief period after the country imposed a country-wide lockdown to restrict Covid-19 spread.
India has reported more than 227,000 Covid-19 cases, as of 5 June. The number of deaths due to the novel coronavirus also surged to 6,300.
