This statistic represents the number of digital transactions across India in January 2017, based on channel. Debit and credit cards at point-of-sale had the highest volume with about *** million, while Unified Payments Interface had the lowest volume with just over **** million during the measured time period.
On *, the government announced demonetization of all *** and 1,000 Indian rupee banknotes attempting to crack down on illicit and counterfeit cash that was allegedly funding illegal activity and terrorism. This led to weeks of cash shortages, creating a significant disruption in the Indian economy.
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KPMG. (April 1, 2017). Volume of digital payment transactions across India as of February 1, 2017, by channel (in millions) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 20, 2026, from /statistics/732095/digital-payment-transactions-by-channel-india/
KPMG. "Volume of digital payment transactions across India as of February 1, 2017, by channel (in millions)." Chart. April 1, 2017. ÌÇÐÄÆƽâ°æ. Accessed July 20, 2026. /statistics/732095/digital-payment-transactions-by-channel-india/
KPMG. (2017). Volume of digital payment transactions across India as of February 1, 2017, by channel (in millions). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 20, 2026. /statistics/732095/digital-payment-transactions-by-channel-india/
KPMG. "Volume of Digital Payment Transactions across India as of February 1, 2017, by Channel (in Millions)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Apr 2017, /statistics/732095/digital-payment-transactions-by-channel-india/
KPMG, Volume of digital payment transactions across India as of February 1, 2017, by channel (in millions) ÌÇÐÄÆƽâ°æ, /statistics/732095/digital-payment-transactions-by-channel-india/ (last visited July 20, 2026)
Volume of digital payment transactions across India as of February 1, 2017, by channel (in millions) [Graph], KPMG, April 1, 2017. [Online]. Available: /statistics/732095/digital-payment-transactions-by-channel-india/
