Page 2 - Payment System Review -Q2 FY24

Contents

Executive Summary ................................................................................................................................ 1

Payment Systems Snapshot ................................................................................................................... 3
Payments Infrastructure ........................................................................................................................ 6

Payment Instruments & Users ............................................................................................................... 7
Payments Summary ............................................................................................................................... 8

Large-Value Payments .......................................................................................................................... 10
Retail Payments .................................................................................................................................... 11
Major Developments ........................................................................................................................... 13

Digital Services provided by Banks & MFBs ........................................................................................ 15
Annexures ............................................................................................................................................. 16

A-1: Payment Systems Infrastructure.............................................................................................. 16
A-2: Composition of Payment Cards issued by Banks, MFBs, EMIs and BBs ................................. 17

A-3: Large Value Transactions (PRISM – RTGS) ............................................................................... 18
A-4: Retail Value Payments (Banks, MFBs and EMIs) ..................................................................... 18

A-5: Funds Transfer Transactions .................................................................................................... 19
A-6: POS Purchases .......................................................................................................................... 19
A-7: E-Commerce Purchases ............................................................................................................ 20

A-8: Bill Payments & Mobile Top-ups .............................................................................................. 20
A-9: Cash Withdrawals ..................................................................................................................... 21

A-10: Cash/ Cheque Deposits .......................................................................................................... 21
A-11: Paper-Based Instruments Payments ...................................................................................... 22
A-12: Miscellaneous Transactions ................................................................................................... 22

A-13: Payment Card Transactions ................................................................................................... 23
B: Raast Transactions ....................................................................................................................... 24

C: A Short Guide to Using QR Code Payments ................................................................................ 25
Acronyms .............................................................................................................................................. 27