Digital Payments and Transactions: Year-, Month- and Bank-wise Volume and Performance of Autopay UPI Payment Service Provider (PSP) Registrations and Transactions

High Frequency Indicator: The dataset contains year-, month- and bank-wise compiled data from the year 2021 to till date on the volume and performance of UPI Autopay Payment Service Provider (PSP) mandate registrations and transactions, along with percentage of transactions which have been approved, business declined (BD) and technical declined (TD)

Notes:

1. Autopay is a system which gives the users the option to enable recurring e-mandate using any UPI application for making recurring payments such as mobile bills, electricity bills, EMI payments, entertainment/OTT subscriptions, insurance, mutual funds, etc.
2. Business Declines (BD) are declined transactions due to a customer entering an invalid pin, incorrect beneficiary account etc. or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc.
3. Technical Declines (TD) transactions are those transactions are declined due to any technical reasons such as bank ID is empty or not in correct format or exception code not in Database or not in correct format, etc
4. Payer PSP is a system bank can onboard a customer, create his/ her UPI ID, create device binding which is used as a first factor of Authentication. Using this function, a customer can enter their UPI PIN to approve a financial transaction or non financial request, whereever necessary.
5. Payee PSP is a system where a bank can onboard a customer/merchant and allow them to receive money on the bsis basis allocated UPI ID or raise a Collect request. It is also known as beneficiary PSP/resolving PSP.

高频指标数据集：本数据集收录了自2021年起至当前年度，按年、月及银行分类汇总的UPI自动支付服务提供商（PSP）授权登记及交易量数据，并包含已批准交易、业务拒绝（BD）及技术拒绝（TD）交易的比例。

备注：
1. 自动支付系统赋予用户启用周期性电子授权的选项，用户可通过任何UPI应用程序实现周期性支付，如手机账单、电费账单、分期付款、娱乐/流媒体订阅、保险、共同基金等。
2. 业务拒绝（BD）是指由于客户输入无效的PIN码、错误的收款人账户等或其他业务原因，如超过单次交易限额、超过每日允许的交易次数限制、超过每日金额限制等而拒绝的交易。
3. 技术拒绝（TD）交易是指由于技术原因而拒绝的交易，例如银行ID为空或格式不正确、异常代码不在数据库中或格式不正确等。
4. 付款方PSP是指银行可以注册客户，创建其UPI ID，创建设备绑定作为认证的第一因素。通过此功能，客户可以在需要时输入其UPI PIN以批准财务交易或非财务请求。
5. 收款方PSP是指银行可以注册客户/商户，并允许他们基于分配的UPI ID接收资金或发起收款请求。它也被称为受益人PSP/解析PSP。