For every ₹100 spent on debit cards, consumers spent over ₹1,900 via UPI in FY23, Mint reported citing government data. As per the data, aggregate debit card transactions by value stood at ₹7.2 trillion in FY23, against ₹139.2 trillion for UPI. Overall, debit card transaction volume stood at 3.4 billion, while UPI transaction volume in FY23 was at 83.8 billion.