India's financial year begins in April and ends in March. For example, FY 2026 started in April 2025 and ended in March 2026.
Note: RTGS denotes real-time gross settlement systems; paper clearing denotes all the paper-based payment systems such as checks and cash; NEFT denotes the national electronic funds transfer system maintained by the Reserve Bank of India; UPI denotes unified payments interface; PPI denotes the prepaid payment instruments such as vouchers and mobile wallets; NACH denotes the national automated clearing house to help bulk and repetitive transactions through banks; IMPS denotes immediate payment services as instant interbank transfers.
In financial year 2026, BHIM UPI dominated India's payment systems by volume with an overwhelming **** percent share, underscoring the platform's central role in the country's digital payments ecosystem. Prepaid payment instruments (PPI) and NEFT followed at a distant **** percent and *** percent, respectively, while NACH accounted for **** percent. IMPS, NETC, and credit cards each held shares below *** percent, at **** percent, **** percent, and **** percent respectively. Debit cards, RTGS, and internet banking collectively accounted for less than *** percent of total payment volume.
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MeitY (India). (May 28, 2026). Share of payment systems across India in financial year 2026, by volume [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 16, 2026, from /statistics/1028157/india-payment-systems-share-by-volume/
MeitY (India). "Share of payment systems across India in financial year 2026, by volume." Chart. May 28, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 16, 2026. /statistics/1028157/india-payment-systems-share-by-volume/
MeitY (India). (2026). Share of payment systems across India in financial year 2026, by volume. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 16, 2026. /statistics/1028157/india-payment-systems-share-by-volume/
MeitY (India). "Share of Payment Systems across India in Financial Year 2026, by Volume." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 28 May 2026, /statistics/1028157/india-payment-systems-share-by-volume/
MeitY (India), Share of payment systems across India in financial year 2026, by volume ÌÇÐÄÆƽâ°æ, /statistics/1028157/india-payment-systems-share-by-volume/ (last visited July 16, 2026)
Share of payment systems across India in financial year 2026, by volume [Graph], MeitY (India), May 28, 2026. [Online]. Available: /statistics/1028157/india-payment-systems-share-by-volume/
