According to the the Central bank, digital payments made up 99.8 per cent of all transactions by volume and 97.7 per cent by value in H1 2025, highlighting India’s fintech revolution. UPI led the surge, handling over 10,637 crore transactions worth Rs 143.3 lakh crore, while RTGS accounted for 69 perc of the total value share
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India’s digital payment landscape continues to sparkle, reflecting the country's rapid growth in online transactions over the past few years. According to Reserve Bank of India (RBI), digital transactions in the first half of 2025 (H1) accounted for 99.8 per cent of the total payment volume and 97.7 per cent of the total transaction value, news agency IANS reported.
As Unified Payments Interface (UPI) continues to dominate the digital ecosystem, India’s growth in the digital banking sector shines bright. With digital transactions accounting for 85 per cent by volume and 9 per cent by value in the first six months of the year, the power of the digital economy is on the rise.
During this period, the UPI system handled 10,637 crore transactions, valued at Rs 143.3 lakh crore, compared to Rs 117 lakh crore in the previous year.
According to the Central bank, UPI's effectiveness, round-the-clock accessibility, and user-friendliness contributed massively to making it one of the most popular retail fast payment systems in India.
On the other hand, although it only made up 0.1 per cent of the total volume, the Real Time Gross Settlement (RTGS) system, which facilitates high-value transfers, held the largest share in terms of value at 69 per cent.
As per RBI’s report, 29.5 crore RTGS transactions took place in the first half of the year, up from 14.8 crore in 2019. The transaction value increased from Rs 1,388.7 lakh crore to Rs 1,938.2 lakh crore.
RTGS handled 16.1 crore transactions in the first half of 2025
RTGS handled 16.1 crore transactions totalling Rs 1,079.2 lakh crore in the first half of 2025 alone. The RBI in its report also explained the divergent trends in volume and value shares, pointing that RTGS mainly handles large-value transfers with a minimum transaction threshold of Rs 2 lakh. UPI, on the other hand, processes a large number of small-value transactions. Of the Rs 1572 lakh crore in total payment transactions that took place during that time, Rs 1536 lakh crore were handled digitally.
The Clearing Corporation of India Limited's (CCIL) large-value payment systems experienced expansion as well. The number of CCIL transactions climbed from 35 lakh in 2019 to 45 lakh in 2024, and the total value increased from Rs 1270 lakh crore to Rs 2780 lakh crore. CCIL processed 28.8 lakh transactions worth Rs 1734 lakh crore in the first half of 2025.
The RBI data shows how UPI and other innovations, combined with constant efforts to encourage cashless transactions across the economy, have resulted in India's payments ecosystem becoming increasingly digital.
(With inputs from IANS)
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