Archive · 30 May 2025
UPI Dominates India's Digital Payments with 83.7% Share
India's digital payment systems continued to grow strongly in 2024-25.
UPI, a popular way to pay, became even more dominant, handling over 80% of digital transactions.
Total digital payments grew by 35%, including payments through cards and other systems.
The amount of money moved through these digital systems increased significantly, too.
This shows that digital payments are very popular in India.
India is also leading in real-time payments globally.
Meanwhile, authorities are working to expand UPI use to more countries to benefit Indian travelers.
UPI's share in digital transactions rose to 83.7% in FY25.
UPI facilitated 185.8 billion transactions in 2024-25, a 41% increase.
Total digital payments grew 35% to 221.9 billion transactions in FY25.
Total digital payments in value terms increased 17.97% to Rs 2,862 lakh crore.
The RBI aims to extend UPI to 20 countries by 2028-29.
- Who
- The Indian payment and settlement systems.
- What
- A significant increase in the use of digital payment systems in India.
- When
- Fiscal year 2024-25
- Where
- India
- Why
- The expansion of large-value payment systems like UPI drove this increase.
- UPI Share of Digital Transactions (FY25)
- 83.7%
- UPI Transaction Volume Increase (FY25)
- 41%
- Total Digital Payment Value Growth (FY25)
- 17.97%
- Total Digital Transactions (FY25)
- 221.9 billion
- India's Share of Global Real-Time Payments (by volume)
- 48.5%
