This statistic represents the value of digital transactions across India as of *, based on channel. Real-time gross settlements had the highest value with about **** trillion Indian rupees, while unstructured supplementary service data had the lowest value with about *** million rupees 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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Business Standard. (February 7, 2017). Value of digital payment transactions across India as of February 1, 2017, by channel (in trillion Indian rupees) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 20, 2026, from /statistics/732110/digital-payment-transactions-value-by-channel-india/
Business Standard. "Value of digital payment transactions across India as of February 1, 2017, by channel (in trillion Indian rupees)." Chart. February 7, 2017. ÌÇÐÄÆƽâ°æ. Accessed July 20, 2026. /statistics/732110/digital-payment-transactions-value-by-channel-india/
Business Standard. (2017). Value of digital payment transactions across India as of February 1, 2017, by channel (in trillion Indian rupees). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 20, 2026. /statistics/732110/digital-payment-transactions-value-by-channel-india/
Business Standard. "Value of Digital Payment Transactions across India as of February 1, 2017, by Channel (in Trillion Indian Rupees)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 7 Feb 2017, /statistics/732110/digital-payment-transactions-value-by-channel-india/
Business Standard, Value of digital payment transactions across India as of February 1, 2017, by channel (in trillion Indian rupees) ÌÇÐÄÆƽâ°æ, /statistics/732110/digital-payment-transactions-value-by-channel-india/ (last visited July 20, 2026)
Value of digital payment transactions across India as of February 1, 2017, by channel (in trillion Indian rupees) [Graph], Business Standard, February 7, 2017. [Online]. Available: /statistics/732110/digital-payment-transactions-value-by-channel-india/
