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Volume of digital payments across India FY 2017-2020

The volume of digital payments in the south Asian country of India was over 12 billion in the financial year 2020. This was a significant increase from the previous financial year's value of over five billion. Increased penetration of smart service applications and digital technologies are the primary contributors to the enormous growth in digital payments in the country.

Volume of digital payments across India from financial year 2017 to 2020

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Source

Release date

June 2020

Region

India

Survey time period

FY 2017 to FY 2020

Special properties

UPI based payments.

Supplementary notes

One Indian rupee is equal to 0.011 euros and 0.013 U.S. dollars (as of September 2020).

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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