The number of transactions on the Bharat Interface for Money (BHIM) UPI app was 17.8 million in December 2019, up by 13% from 15.7 million last month. The total value of the transactions stood at Rs 6,316.4 crore, up 8% from Rs 5,853.5 crore over November, according to data provided by the National Payments Corporation of India (NPCI). NPCI is a bank-owned organisation that runs the Unified Payments Interface (UPI), among other services. PhonePe processed 380 million transactions in August 2019. In May 2019, the Economic Times reported that Google Pay had reported 240 million transactions, Flipkart-owned PhonePe around 230 million, and Alibaba-owned Paytm 200 million in transactions.

There is no data available on WhatsApp payments regarding its ongoing pilot programme.

There were 1.31 billion UPI transactions in December 2019, and Rs 2,02,521 crore were transacted. Thus, BHIM processed only 1.4% of all UPI transactions and accounted for 3.1% of the amount transacted in December. In the previous month, BHIM had accounted for 1.3% of all UPI transactions and processed 3.1% of the amount transacted.

Currently, BHIM is live on 128 banks, which is slightly up over the previous month, and has seen over 50 million app downloads. However, the NPCI, which developed BHIM, does not give information on the number of virtual payment addresses (VPAs) created and the number of accounts linked to the UPI.

In terms of net additions, the number of transactions for BHIM grew by 2.06 million in December 2019 – the highest addition was in this month – while the total amount transacted went up by Rs 462.9 crore. In the previous month (November 2019), the number of transactions went down by 1.2 million and the amount transacted decreased by Rs 486.1 crore.

With more increase in the number of transactions, the average amount per transaction for BHIM has been on the decline. In December, the average amount per transaction was Rs 3,544.