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UPI's contribution to payments ecosystem volume reached 83.4%
Business Standard
|May 30, 2025
The contribution of India's real-time payment system, the Unified Payments Interface (UPI), to the payments ecosystem's volume grew to 83.4 per cent in the financial year 2024-2025 (FY25), up from 79.4 per cent in FY24.
According to the Reserve Bank of India's (RBI's) annual report for FY25, UPI recorded 185.8 billion transactions during the year, a 41.7 per cent increase from 131.1 billion transactions processed in FY24.
The volume of credit card transactions rose to 4.7 billion in FY25, up from 3.5 billion in FY24. Debit card transactions contracted 29.5 per cent to 1.6 billion in FY25 from 2.2 billion in the previous year.
Total payments in India—including transactions across payment systems, card payments and prepaid payment instruments (PPIs)—grew to 222.6 billion in FY25, a 34.8 per cent rise from 165.1 billion transactions in the previous year.
Denne historien er fra May 30, 2025-utgaven av Business Standard.
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