The value of digital payments in the south Asian country of India was over 41 trillion Indian rupees in the financial year 2021. This was a strong increase from the previous financial year's value of over 21 trillion 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 2021 (in billion Indian rupees)
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Reserve Bank of India. (May 27, 2021). Value of UPI-based digital payments across India from financial year 2017 to 2021 (in billion Indian rupees) [Graph]. In Statista. Retrieved May 24, 2022, 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 2021 (in billion Indian rupees)." Chart. May 27, 2021. Statista. Accessed May 24, 2022. https://www.statista.com/statistics/1171872/india-value-of-digital-payments/
Reserve Bank of India. (2021). Value of UPI-based digital payments across India from financial year 2017 to 2021 (in billion Indian rupees). Statista. Statista Inc.. Accessed: May 24, 2022. 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 2021 (in Billion Indian Rupees)." Statista, Statista Inc., 27 May 2021, 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 2021 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1171872/india-value-of-digital-payments/ (last visited May 24, 2022)