Archive · 30 Jul 2025
Indian Digital Payments to Merchants Rise by 19% in June
Imagine digital money!
In India, businesses are getting paid more and more using online systems.
In June, these payments increased a lot, especially with people using their phones to pay.
Most of this money came from people using UPI, like PhonePe or Google Pay.
People are also spending more with credit cards.
The government is working with banks and other companies to make it easier for everyone to use digital payments, including in smaller cities.
Digital payments to merchants in India grew nearly 19% YoY in June, reaching Rs 9.1 trillion.
UPI person-to-merchant (P2M) payments increased 22% YoY to Rs 6.8 trillion, the largest driver.
Credit card spending rose 15% YoY to Rs 1.8 trillion, while debit card spending declined.
UPI-P2M accounted for 74.5% of the total market share in June, and credit cards held 20%.
E-commerce dominated credit card spending, accounting for 63.1% of total spends in June.
- Who
- Consumers and merchants, with contributions from banks and fintech companies.
- What
- Digital payments to merchants in India saw significant growth in June.
- When
- Digital payments increased nearly 19% YoY in June.
- Where
- India
- Why
- Driven by government initiatives and the adoption of digital payment methods.
Digital Payments Growth
Potential Risks
Growth vs. Risk
Digital Payments Growth
Rapid growth and increased adoption.
Potential Risks
Potential risks associated with rapid expansion.
- Total Digital Payments (June)
- Rs 9.1 trillion
- UPI-P2M Growth (YoY)
- 22%
- Credit Card Spending (YoY)
- 15%
- UPI-P2M Market Share (June)
- 74.5%
- E-commerce Credit Card Spend
- 63.1% of total
