Digital payments market value in India FY 2015-2025

Published by Sandhya Keelery, Aug 30, 2024
The digital payments industry in India was estimated to reach a whopping seven quadrillion Indian rupees by financial year 2025. This was an increase from only 823 trillion in fiscal year 2015. Apart from the digital adoption as a result of the coronavirus (COVID-19) pandemic, the government's initiatives had propelled digitization in the country.

Digital payments market value across India in financial year 2015 and 2020, with an estimate for 2025 (in trillion Indian rupees)

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Release date

September 2020

Region

India

Survey time period

FY 2015 and FY 2020

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

One Indian rupee is equal to 0.012 euros and 0.013 U.S. dollars as of March 2022.

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