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

High Frequency Indicator: The dataset contains year-, month- and bank-wise compiled data from the year 2022 to till date on the volume and performance of Unified Payment Interface (UPI) Payer and Payee Payment Service Provider (PSP), along with percentage of transactions which have been approved, business declined (BD) and technical declined (TD)

Notes:

1. 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.
2. 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
3. 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.
4. 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2022年起至当前年度，按年度、月份及银行分类汇总的统一支付接口（Unified Payment Interface，简称 UPI）支付方与收款方支付服务提供商（Payment Service Provider，简称 PSP）的交易量与业绩数据，并包含了交易批准率、业务拒绝（Business Decline，简称 BD）和技术拒绝（Technical Decline，简称 TD）的交易百分比。

备注：
1. 业务拒绝（BD）指因客户输入无效的PIN码、账户信息错误等，或因超出每笔交易限额、超出每日交易次数限制、超出每日金额限制等其他业务原因导致的交易拒绝。
2. 技术拒绝（TD）交易指因技术原因导致的交易拒绝，例如银行ID为空或格式不正确、数据库中不存在或格式不正确的异常代码等。
3. 支付方PSP是指银行可接入的系统，用于吸纳客户，为其创建UPI ID，并绑定设备作为身份验证的第一要素。通过此功能，客户可在必要时输入他们的UPI PIN码以批准金融交易或非金融请求。
4. 收款方PSP是指银行可接入的系统，用于吸纳客户或商家，并允许他们通过分配的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。