The value of UPI-based digital payments in the south Asian country of India was over 139 trillion Indian rupees in financial year 2023. This was a strong increase from the previous financial year's value of over 84 trillion Indian rupees. Increased penetration of smart service applications and digital technologies are the primary contributors to the enormous growth in digital payments in the country.
Value of UPI-based digital payments across India from financial year 2017 to 2023 (in billion Indian rupees)
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Statistics
- Volume of UPI digital payments across India FY 2017-2023
- Number of NETC transactions India 2016-2023
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- Number of transactions made through *99# India 2018-2023
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Reserve Bank of India. (May 30, 2023). Value of UPI-based digital payments across India from financial year 2017 to 2023 (in billion Indian rupees) [Graph]. In Statista. Retrieved June 13, 2024, from https://www.statista.com/statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India. "Value of UPI-based digital payments across India from financial year 2017 to 2023 (in billion Indian rupees)." Chart. May 30, 2023. Statista. Accessed June 13, 2024. https://www.statista.com/statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India. (2023). Value of UPI-based digital payments across India from financial year 2017 to 2023 (in billion Indian rupees). Statista. Statista Inc.. Accessed: June 13, 2024. https://www.statista.com/statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India. "Value of Upi-based Digital Payments across India from Financial Year 2017 to 2023 (in Billion Indian Rupees)." Statista, Statista Inc., 30 May 2023, https://www.statista.com/statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India, Value of UPI-based digital payments across India from financial year 2017 to 2023 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1171872/india-value-of-digital-payments/ (last visited June 13, 2024)
Value of UPI-based digital payments across India from financial year 2017 to 2023 (in billion Indian rupees) [Graph], Reserve Bank of India, May 30, 2023. [Online]. Available: https://www.statista.com/statistics/1171872/india-value-of-digital-payments/