In financial year 2026, almost *** billion digital payments were recorded across India. This was a significant increase compared to the previous three years.
 Variety of digital payments 
The total value of digital payments included large-scale interbank payments, such as Real Time Gross Settlement (RTGS) or National Electronic Funds Transfer (NEFT), as well as payments used by individuals, such as credit and debit cards. India’s mobile payment system, Unified Payments Interface (UPI), recorded strong gains, both in numbers and in value, since 2015. Thereby, it comes as no surprise that international key players, such as Google Pay or Amazon Pay, entered the market. Nevertheless, the most used app in 2021 was domestic app PhonePe.
 COVID-19 effects 
Since the beginning of the COVID-19 pandemic in India, the number of digital payment transactions continued to grow. This was also true for the various methods of credit and debit transfers, including mobile payments through UPI. Nevertheless, the value of card payments and of large value credit transfers, such as RTGS, decreased considerably in financial year 2021.
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Reserve Bank of India. (May 23, 2026). Total number of digital payments across India from financial year 2018 to 2026 (in billions) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/1251321/india-total-volume-of-digital-payments/
Reserve Bank of India. "Total number of digital payments across India from financial year 2018 to 2026 (in billions)." Chart. May 23, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/1251321/india-total-volume-of-digital-payments/
Reserve Bank of India. (2026). Total number of digital payments across India from financial year 2018 to 2026 (in billions). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/1251321/india-total-volume-of-digital-payments/
Reserve Bank of India. "Total Number of Digital Payments across India from Financial Year 2018 to 2026 (in Billions)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 23 May 2026, /statistics/1251321/india-total-volume-of-digital-payments/
Reserve Bank of India, Total number of digital payments across India from financial year 2018 to 2026 (in billions) ÌÇÐÄÆƽâ°æ, /statistics/1251321/india-total-volume-of-digital-payments/ (last visited July 24, 2026)
Total number of digital payments across India from financial year 2018 to 2026 (in billions) [Graph], Reserve Bank of India, May 23, 2026. [Online]. Available: /statistics/1251321/india-total-volume-of-digital-payments/
