Proceedings of the 2nd International Conference on Innovations and Challenges in Financial Technology (ICICFT 2025)

2nd International Conference on Innovations and Challenges in Financial Technology (ICICFT 2025)

📍Bangalore, India🗓️ 7-8 November 2025
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Role of Bank Participation in the Growth of UPI and IMPS in India’s Digital Payment System

Authors
Sagar V. Sogi1, *, K. T. Srinivas1
1Department of Studies in Commerce, Davangere University, Shivagangothri, Davangere, Karnataka, India
*Corresponding author. Email: sagarsogi555@gmail.com
Corresponding Author
Sagar V. Sogi
Available Online 7 September 2026.
DOI
10.2991/978-94-6239-772-9_30How to use a DOI?
Keywords
Bank Participation; Digital payments; Immediate Payment Services (IMPS); Financial Inclusion; Transaction Volume & Transaction Value and Unified Payments Interface (UPI)
Abstract

The contemporary study examined the banks participation on India’s UPI and IMPS services during the period from 2016-17 to 2025-26, focusing on their complementary nature in India’s digital payment system. The research design has been empirical in nature by using secondary data. Statistical assumptions such as Pearson Correlation and Linear Regression equation modelling have been used in this study to analyse the interrelationships among bank participation, transaction amount and volume. Findings of the study signify that there is strong positive correlation among the variables and there is significant effect of bank participation with volume and value of transactions in which the null statements were rejected in UPI and IMPS conditions. The study concludes, that UPI leads in the growth of more volume and small amount of retail transactions but IMPS continued to sustain the stabilized growth with support of high-value settlements.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Conference on Innovations and Challenges in Financial Technology (ICICFT 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
7 September 2026
ISBN
978-94-6239-772-9
ISSN
2352-5428
DOI
10.2991/978-94-6239-772-9_30How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sagar V. Sogi
AU  - K. T. Srinivas
PY  - 2026
DA  - 2026/09/07
TI  - Role of Bank Participation in the Growth of UPI and IMPS in India’s Digital Payment System
BT  - Proceedings of the 2nd International Conference on Innovations and Challenges in Financial Technology (ICICFT 2025)
PB  - Atlantis Press
SP  - 403
EP  - 423
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-772-9_30
DO  - 10.2991/978-94-6239-772-9_30
ID  - Sogi2026
ER  -