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Value of UPI digital payments across India FY 2017-2021

Published by Sandhya Keelery, Apr 26, 2022
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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Release date

May 2021

Region

India

Survey time period

FY 2017 to FY 2021

Special properties

UPI based payments.

Supplementary notes

One Indian rupee is equal to 0.012 euros and 0.014 U.S. dollars (as of August 2021).

India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.

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