The value of UPI-based digital payments in the south Asian country of India was over *** trillion Indian rupees in financial year 2025. That year, P2M, or People to merchant transactions accounted for the highest share of UPI payments. Increased penetration of smart service applications and digital technologies are the primary contributors to the enormous growth in digital payments in the country.
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Reserve Bank of India, & The Hindu. (February 28, 2025). Value of UPI-based digital payments across India from financial year 2017 to 2025 (in billion Indian rupees) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 24, 2026, from /statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India, und The Hindu. "Value of UPI-based digital payments across India from financial year 2017 to 2025 (in billion Indian rupees)." Chart. February 28, 2025. ÌÇÐÄÆÆ½â°æ. Accessed July 24, 2026. /statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India, The Hindu. (2025). Value of UPI-based digital payments across India from financial year 2017 to 2025 (in billion Indian rupees). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 24, 2026. /statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India, and The Hindu. "Value of Upi-based Digital Payments across India from Financial Year 2017 to 2025 (in Billion Indian Rupees)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 28 Feb 2025, /statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India & The Hindu, Value of UPI-based digital payments across India from financial year 2017 to 2025 (in billion Indian rupees) ÌÇÐÄÆÆ½â°æ, /statistics/1171872/india-value-of-digital-payments/ (last visited July 24, 2026)
Value of UPI-based digital payments across India from financial year 2017 to 2025 (in billion Indian rupees) [Graph], Reserve Bank of India, & The Hindu, February 28, 2025. [Online]. Available: /statistics/1171872/india-value-of-digital-payments/