Adoption of UPI Across Indian States: A Comparative Study

The research studies the UPI adoption and its performance by Indian states through the analysis of transaction volumes and other operational metrics. These metrics are related to transaction outcomes, and system performance reliability. The article used descriptive statistics to study the spread and variation of UPI usage. After that, association and correlation testing are done to study relationships between major performance indicators. A regression model helps identify which variables predict the amount of transactions. The results suggest that OUPI’s usage is not homogenous, as the level of transaction volumes vary widely across the observations, implies that the intensity of adoption varies largely across states. There is a strong positive relationship between total transaction volume and total debit reversal count, as demonstrated in the correlation and regression results. It largely reflects a scale effect which is shown by areas with high activity. TD% exhibits a considerable negative correlation with transaction volume, indicating that elevated transaction friction or negative consequences are associated with diminished utilization levels.