Payments Landscape in India With A Focus Lens on UPI

India has witnessed remarkable growth in digital payments, with transaction volumes soaring at a CAGR of ~55% from FY21 to FY24, while transaction value has increased by 20% during the same period.

Read the complete DealsPulse to discover valuable insights for industry stakeholders and business leaders on the evolving payments market with a special focus on UPI. 

Key insights include:

• Rise in disposable income among the middle class boosting online spending.
• Increased card usage post-pandemic, shifting towards digital payments at Point-of-Sale terminals.
• UPI dominates with a ~70-75% share of total digital payment volumes.
• Expansion of UPI into international remittances and merchant payments, supported by government and industry initiatives.