India's Digital Payment Revolution: UPI Dominates with 85% Share as Digital Transactions Reach 99.8% of Total Volume

Oct 23, 2025 10:05 pm CST

According to the RBI's June 2025 Payment System Report, digital payments now account for 99.8% of transaction volume and 97.7% of value in India's payment ecosystem. UPI leads with 85% of transaction volume, while RTGS dominates value at 69%. This digital transformation shows remarkable growth from 2019-2025, with UPI transactions increasing from 1,079 crore to over 17,221 crore annually, demonstrating India's rapid shift toward a cashless economy.