As of 2020, UPI emerged as the preferred payment method within ** percent of the bottom income pyramid in India. The penetration rate was same in the top tier of the income pyramid. United Payment Interface is a widely used payment method in India and the recent introduction of UPI 123Pay for feature phone users and UPILite for offline transactions has enabled its wider penetration in the market.
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Indian council for research on International Economic Relations. (March 3, 2023). United payment interface (UPI) penetration rate in India 2020, by average annual household income [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /statistics/1390091/india-upi-penetration-rate-by-income-group/
Indian council for research on International Economic Relations. "United payment interface (UPI) penetration rate in India 2020, by average annual household income." Chart. March 3, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /statistics/1390091/india-upi-penetration-rate-by-income-group/
Indian council for research on International Economic Relations. (2023). United payment interface (UPI) penetration rate in India 2020, by average annual household income. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /statistics/1390091/india-upi-penetration-rate-by-income-group/
Indian council for research on International Economic Relations. "United Payment Interface (Upi) Penetration Rate in India 2020, by Average Annual Household Income." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 3 Mar 2023, /statistics/1390091/india-upi-penetration-rate-by-income-group/
Indian council for research on International Economic Relations, United payment interface (UPI) penetration rate in India 2020, by average annual household income ÌÇÐÄÆƽâ°æ, /statistics/1390091/india-upi-penetration-rate-by-income-group/ (last visited July 28, 2026)
United payment interface (UPI) penetration rate in India 2020, by average annual household income [Graph], Indian council for research on International Economic Relations, March 3, 2023. [Online]. Available: /statistics/1390091/india-upi-penetration-rate-by-income-group/
