Volume of UPI digital payments across India FY 2017-2024

Published by Sandhya Keelery, Oct 29, 2024

The volume of UPI-based digital payments in the south Asian country of India was over 131 billion in financial year 2024. This was a significant increase from the previous financial year's value of around 83 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 UPI-based digital payments across India from financial year 2017 to 2024 (in millions)

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Release date

June 2024

Region

India

Survey time period

FY 2017 to FY 2024

Special properties

UPI based payments.

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2024 started in April 2023 and ended in March 2024.

One Indian rupee is equal to 0.011 euros and 0.012 dollars (as of October 2024).

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