Finance
EnglishUPI Steals the Show as Debit Cards Say Farewell in India
In a wild twist, UPI has become the superstar of India's payment scene, racking up an incredible 85.5% of all transactions by 2025! Meanwhile, debit cards are taking a nosedive, dropping 67% in use. Credit cards, however, are enjoying a glow-up, doubling their transactions! UPI is now the go-to for everything from groceries to bills, leaving cash and cards in the dust.
few days ago | Sunainaa Chadha
Quick rundown
1.UPI accounts for 85.5% of India's payment volumes.
2.Debit card transactions fell by 67% from 2021 to 2025.
3.Credit card usage doubled in transaction volume and value.
4.RTGS handles 68.6% of total transaction value despite low volume.
5.India's digital payments have increased 38 times in volume over a decade.
