The volume of UPI-based digital payments in the south Asian country of India was over 131 billion in financial year 2024. This was a significant increase from the previous financial year's value of around 83 billion. Increased penetration of smart service applications and digital technologies are the primary contributors to the enormous growth in digital payments in the country.
Volume of UPI-based digital payments across India from financial year 2017 to 2024
(in millions)
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Reserve Bank of India. (June 3, 2024). Volume of UPI-based digital payments across India from financial year 2017 to 2024 (in millions) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1171874/india-volume-of-digital-payments/
Reserve Bank of India. "Volume of UPI-based digital payments across India from financial year 2017 to 2024 (in millions)." Chart. June 3, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1171874/india-volume-of-digital-payments/
Reserve Bank of India. (2024). Volume of UPI-based digital payments across India from financial year 2017 to 2024 (in millions). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1171874/india-volume-of-digital-payments/
Reserve Bank of India. "Volume of Upi-based Digital Payments across India from Financial Year 2017 to 2024 (in Millions)." Statista, Statista Inc., 3 Jun 2024, https://www.statista.com/statistics/1171874/india-volume-of-digital-payments/
Reserve Bank of India, Volume of UPI-based digital payments across India from financial year 2017 to 2024 (in millions) Statista, https://www.statista.com/statistics/1171874/india-volume-of-digital-payments/ (last visited December 21, 2024)
Volume of UPI-based digital payments across India from financial year 2017 to 2024 (in millions) [Graph], Reserve Bank of India, June 3, 2024. [Online]. Available: https://www.statista.com/statistics/1171874/india-volume-of-digital-payments/