The value of UPI-based digital payments in the south Asian country of India was over 200 trillion Indian rupees in financial year 2024. This was a strong increase from the previous financial year's value of over 139 trillion Indian rupees. Increased penetration of smart service applications and digital technologies are the primary contributors to the enormous growth in digital payments in the country.
Value of UPI-based digital payments across India from financial year 2017 to 2024
(in billion Indian rupees)
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Reserve Bank of India. (June 3, 2024). Value of UPI-based digital payments across India from financial year 2017 to 2024 (in billion Indian rupees) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India. "Value of UPI-based digital payments across India from financial year 2017 to 2024 (in billion Indian rupees)." Chart. June 3, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India. (2024). Value of UPI-based digital payments across India from financial year 2017 to 2024 (in billion Indian rupees). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India. "Value of Upi-based Digital Payments across India from Financial Year 2017 to 2024 (in Billion Indian Rupees)." Statista, Statista Inc., 3 Jun 2024, https://www.statista.com/statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India, Value of UPI-based digital payments across India from financial year 2017 to 2024 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1171872/india-value-of-digital-payments/ (last visited December 22, 2024)
Value of UPI-based digital payments across India from financial year 2017 to 2024 (in billion Indian rupees) [Graph], Reserve Bank of India, June 3, 2024. [Online]. Available: https://www.statista.com/statistics/1171872/india-value-of-digital-payments/