India's digital payments
ecosystem has grown rapidly, driven by the tremendous surge in UPI
¨ India's digital payments
ecosystem has grown rapidly, driven by the tremendous surge in UPI.
¨ A significant expansion
has been recorded in India’s digital payments ecosystem, led by strong growth
in UPI transactions during 2025.
¨ A total of 228.5 billion
UPI transactions have been processed, reflecting a year-on-year growth of 33%,
while the transaction value reached ₹299.74 trillion.
¨
A shift towards
high-frequency, low-value transactions has been observed, as the average ticket
size declined to ₹1,314 from ₹1,437.
¨ Increased adoption of
merchant payments has been noted, with person-to-merchant transactions growing
faster than peer-to-peer payments.
¨ A major expansion in
merchant infrastructure has been achieved, with UPI QR code deployments
crossing 731 million in 2025.
¨ Point-of-Sale terminals
have also grown by 15% to 11.48 million, though the ecosystem is becoming
increasingly QR-driven.
¨ Total card transactions
have reached ₹28.73 trillion, with credit cards driving growth through an 11%
rise in value and 27% increase in volume.
¨
A decline has been
recorded in debit card usage, indicating a shift in consumer preference towards
UPI for everyday transactions.
¨ Bharat BillPay has shown
strong performance with a 40% rise in transaction volume to 3.05 billion and
value nearly doubling to ₹14.84 trillion.
