In terms of volume, the payment transactions grew from 3,248 crore in Calendar Year (CY) 2019 to 20,849 crore in CY 2024. In terms of value, from ₹1,775 lakh crore to ₹2,830 lakh crore during this period according to Payments Systems Report, a bi-annual publication released by the Reserve Bank of India (RBI) on Thursday (October 23, 2025).

In the Half Year (HY) ending June 2025, transaction volume was 12,549 crore, amounting to ₹1,572 lakh crore. Almost all of the growth in payments was attributable to digital payment transactions.

“In CY 2019, digital payments accounted for approximately 96.7% of the total payment transactions by volume and 95.5% by value,” as per the report.

By CY 2024, these figures had risen to 99.7% in terms of volume and 97.5% in terms of value. This trend continu

See Full Page