In the Half Year (HY) ending June 2025, transaction quantity was 12,549 crore, amounting to ₹1,572 lakh crore. Almost the entire development in funds was attributable to digital cost transactions.
“In CY 2019, digital funds accounted for about 96.7% of the overall cost transactions by quantity and 95.5% by worth,” as per the report.
By CY 2024, these figures had risen to 99.7% by way of quantity and 97.5% by way of worth. This development continued in H1 of 2025, with digital funds comprising 99.8% of quantity and 97.7% of worth.
Unified Payment Interface (UPI) has grow to be essentially the most broadly used retail Fast Payment System (FPS) in India due to its effectivity, around the clock availability, and ease of use. The quantity of UPI transactions has elevated considerably from 1,079 crore transactions in CY 2019 to 17,221 crore transactions in CY 2024. The whole worth of transactions grew from ₹18.4 lakh crore in CY 2019 to ₹246.8 lakh crore in CY 2024.
In H1 of CY 2025, the quantity of UPI transactions stood at 10,637 crore amounting to ₹143.3 lakh crore in worth. The decrease common ticket measurement of UPI transactions signifies that UPI is used primarily for small worth transactions.
“Digital Payments in India have grown exponentially within the final decade. During this era, digital transactions have elevated 38 occasions in quantity phrases and greater than 3 times in worth phrases,” the RBI mentioned.
“The CAGR for the last decade ending 2024 was 52.5% by way of quantity and 13% by way of worth. In the final 5 years alone, digital funds in India have elevated 6.6 occasions in quantity and 1.6 occasions in worth,” RBI added. “This quantities to a five-year CAGR of 46% by way of quantity and 10% by way of worth,” the RBI mentioned.
During the interval CY 2019 to CY 2024, NEFT transactions greater than tripled by way of quantity, from 262.2 crore to 926.8 crore. However, throughout the identical interval, by way of worth, they grew from ₹232.9 lakh crore to ₹432.8 lakh crore.
In H1 of CY 2025, NEFT has already processed 490.5 crore transactions, amounting to ₹237.0 lakh crore, indicating sustained development and widespread adoption.
Large worth cost system RTGS transactions quantity grew from 14.8 crore in CY 2019 to 29.5 crore in CY 2024, whereas transaction worth elevated from ₹1388.7 lakh crore to ₹1938.2 lakh crore throughout this era.
In CY 2025, by H1 alone, RTGS recorded 16.1 crore transactions amounting to ₹1,079.2 lakh crore, indicating sustained development and utilization. As per RBI information bank card transaction volumes elevated from 208.7 crore in 2019 to 447.2 crore in 2024, whereas worth rose from ₹7.1 lakh crore to ₹20.4 lakh crore. In H1 of 2025, 266.3 crore transactions amounting to ₹11.1 lakh crore have been recorded.
Transactions in debit playing cards have witnessed a decline since 2019, each in quantity and worth. In quantity phrases, debit card transactions declined from 495.32 crore in CY 2019 to 173.80 crore in CY 2024, whereas in worth phrases, they declined from ₹6.83 lakh crore to ₹5.15 lakh crore throughout this era.
In H1 of 2025, debit playing cards recorded 69.09 crore transactions valued at ₹2.22 lakh crore. While Prepaid Payment Instrument (PPI) transaction quantity rose from 516.2 crore in CY 2019 to 698.9 crore in CY 2024, transaction worth remained nearly on the similar stage of ₹2.23 lakh crore throughout this era.
During H1 of 2025, PPIs recorded transaction quantity of 404.7 crore and worth of ₹1.23 lakh crore. PPI issuance fell from 190 crore (175.5 crore wallets and 14.5 crore playing cards) in June 2020 to 135.2 crore (86.8 crore wallets and 48.4 crore playing cards) in June 2025.
The development of Bharat Bill Payments System (BBPS) has been exceptional, with transaction quantity rising from 12.6 crore in CY 2019 to 217.5 crore in CY 2024.
Transaction worth surged 41 occasions, from ₹0.2 lakh crore to ₹7.7 lakh crore throughout the identical interval. In H1 of 2025 alone, BBPS recorded a transaction quantity of 149 crore and a worth of ₹ 6.95 lakh crore. The variety of billers additionally expanded considerably, from 134 in June 2019 to 22,378 in June 2025.
The National Electronic Toll Collection (NETC) infrastructure has expanded quickly. The variety of toll plazas onboarded elevated from 505 in June 2019 to 1,782 in June 2025. FASTag issuance grew from 52 lakh to 11.11 crore throughout the identical interval.
The utilization of nationwide automated clearing home NACH has grown considerably in recent times. The quantity of transactions elevated from 324.7 crore in CY 2019 to 677.1 crore in CY 2024.
Transaction worth rose from ₹16.6 lakh crore to ₹42.2 lakh crore throughout the identical interval. In the primary half of 2025 alone, NACH processed 358.8 crore transactions amounting to ₹24.47 lakh crore. Notably, NACH Credit transactions constantly outpace NACH Debit transactions, reflecting the platform’s outstanding position in bulk disbursements.
The Immediate Payment Service (IMPS) is one other FPS in India, enabling real-time settlement of transactions. The particular person transaction restrict below IMPS is ₹5 lakh throughout all channels, apart from SMS and IVR.
IMPS transactions have proven important development, with quantity doubling from 238.3 crore in CY 2019 to 593.8 crore in CY 2024. More notably, the overall transaction worth tripled throughout the identical interval from ₹21.8 lakh crore to ₹70.7 lakh crore. In H1 of CY 2025, IMPS recorded 267.2 crore transactions amounting to ₹37.1 lakh crore.
Clearing Corporation of India Limited (CCIL) operated LVPS embrace Government Securities Market, Forex Clearing, and Rupee Derivative Markets.
In latest years, the CCIL transactions have noticed an rising development. In phrases of quantity, they elevated from 35 lakh in CY 2019 to 45 lakh in CY 2024, whereas, by way of worth, they elevated from ₹1270 lakh crore to ₹2,780 lakh crore throughout this era.
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