Rupee value of Cash withdrawals from ATMs using Debit Cards were in an atypical fashion overtaken by UPI transaction values
The gap between Debit Card Cash withdrawals and UPI transaction values came close in May 2020, largely attributed to the relaxations in mobility.
Debit Card Value of Transactions (Rs Lakh cr)
UPI Value of Transactions (Rs Lakh Cr)
2.18
X
0.5
1
1.5
2
2.5
2.67
Mar-20
2.06
1.35
Apr-20
1.51
2.07
May-20
2.18
