India, March 16 -- The Government of India has issued a release:

Retail Digital Payments

Growth in Percentage

Volume

Value

Volume

Value

FY 2021-22

7176.90

457.44

-

-

FY 2022-23

11369.56

587.39

58.42%

28.41%

FY 2023-24

16416.02

719.37

44.39%

22.47%

FY 2024-25

22167.90

849.12

35.04%

18.04%

Financial Year

(in Crore)

(in Lakh Crore)

The digital payment transactions have grown exponentially in the last few years due to coordinated efforts of the Government, Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI). The total retail digital payment transactions including its growth rate during the last four financial years are given below:

Of the total retail digital payment transactions, the Uni...