The value of UPI-based digital payments in the south Asian country of India was over 139 trillion Indian rupees in financial year 2023. This was a strong increase from the previous financial year's value of over 84 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 2023
(in billion Indian rupees)
Characteristic
Digital payments in billion Indian rupees
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Reserve Bank of India. (May 30, 2023). Value of UPI-based digital payments across India from financial year 2017 to 2023 (in billion Indian rupees) [Graph]. In Statista. Retrieved July 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 2023 (in billion Indian rupees)." Chart. May 30, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India. (2023). Value of UPI-based digital payments across India from financial year 2017 to 2023 (in billion Indian rupees). Statista. Statista Inc.. Accessed: July 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 2023 (in Billion Indian Rupees)." Statista, Statista Inc., 30 May 2023, 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 2023 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1171872/india-value-of-digital-payments/ (last visited July 22, 2024)
Value of UPI-based digital payments across India from financial year 2017 to 2023 (in billion Indian rupees) [Graph], Reserve Bank of India, May 30, 2023. [Online]. Available: https://www.statista.com/statistics/1171872/india-value-of-digital-payments/