Business News: According to the RBI’s Payments Systems Report, UPI has now wilt India’s most widely used retail digital payment system. Total transactions rose from 117 crore in H1 2024 to 143 crore in H1 2025. The value of UPI payments moreover jumped by 34.7%, from 7,897.1 lakh crore to 10,637 lakh crore, showing strong adoption wideness users.
Everyday Payments Made Easy
The main reasons overdue UPI’s popularity are its ease of use, fast speed, and 24-hour availability. From shopkeepers to large retailers, UPI is the go-to option for quick transactions. By mid-2025, UPI rumored for 84.8% of the total number of transactions in India, proving its dominance in everyday retail payments.
Growth Since 2019
UPI’s journey has been extraordinary. In 2019, India recorded only 1,079 crore UPI transactions worth 18.4 lakh crore. By 2024, this number had surged to 17,221 crore transactions, with the total value skyrocketing to 246.8 lakh crore. This phenomenal rise highlights India’s shift towards digital payments.
RTGS Leads in Value Share
Despite UPI’s dominance in transaction numbers, RTGS (Real-Time Gross Settlement) remains the leader in total transaction value. UPI finance for only 9.1% of value, while RTGS commands 68.7%. However, RTGS contributes just 0.1% of total transactions due to its upper minimum transfer limit of 2 lakh.
Role of NEFT and Cards
NEFT (National Electronic Funds Transfer) rumored for 3.9% of transactions by volume and 15.1% by value. Card payments represented 2.7% of transactions and only 0.8% by value. Cheque transactions have now wilt minimal, written for just 0.2% in volume but still 2.3% in total value.
UPI as the People’s Choice
Today, UPI is used by every section of society, from urban professionals to rural shopkeepers. Whether paying for groceries, bills, or services, UPI has wilt the simplest and most trusted method. The system’s reach has extended into smaller towns and villages, making digital payments a worldwide part of daily life.
Digital India’s True Symbol
The RBI report makes it well-spoken that UPI is not just a payment system but moreover the squatter of Digital India. While UPI drives small, everyday transactions, RTGS and NEFT protract to serve large-value payments. Together, these systems strengthen India’s digital economy, making the country one of the fastest adopters of cashless transactions globally.
