Significant Increase in Digital Payment Transactions :
Total Transactions : The number of digital payment transactions in the month of Oct, 2016 was 79.67 Cr. This has increased by 207% to 244.81 Cr in Aug, 2018. Total value of transactions in Oct, 2016 was Rs.108.7 Lakh Crore which has increased by 88% to Rs. 204.86 Lakh Crore in Aug, 2018.
High Growth of New Payments Platforms :
Growth of BHIM-UPI : In Oct 2016, the number of transactions on BHIM-UPI was 1.031 lakh with a value of Rs 48 Cr., which has increased to 48.236 Cr transactions with a value of Rs 74,978.27 Cr in Oct 2018.
Growth in AePS : In Oct, 2016, the number of transactions on AePS was 2.57 Cr with a value of Rs 221 Cr, which has increased to 15.07 Cr transactions with a value of Rs. 5893 Cr in Oct 2018.
Growth in Bharat Bill Payment System (BBPS) as Utility Bill Payments : In Oct 2016, the number of transactions on BBPS was 11,000 with a value of Rs. 0.035 Cr, which has increased to 2.94 Cr transactions with a value of Rs. 910 Cr. in Oct 2018.
National e-Toll Collection (NETC): On Dec 2016, NETC was launched for electronic toll collection at toll plazas using FASTAG. Using NETC, the number of electronic transactions using FASTAG at toll plazas is 2.22 Cr with a value of Rs. 502 Cr in Oct 2018.
Growth of Digital Payment Transactions of Existing Payment Modes – Debit Cards, Credit Card, Immediate Payments System (IMPS) and Pre Paid Instruments (PPI).
Growth of Digital Transaction Volume (In Crore) for Existing Four Modes
| FY | Number of Transactions (In crore) | Year on Year Growth Rate (Percentage) | |
| 2007-08 | 38.4 | 9% | |
| 2008-09 | 38.7 | 1% | |
| 2009-10 | 40.4 | 4% | |
| 2010-11 | 50.2 | 24% | |
| 2011-12 | 67.8 | 35% | |
| 2012-13 | 93.2 | 37% | |
| 2013-14 | 127.7 | 37% | |
| 2014-15 | 181.6 | 42% | |
| 2015-16 | 292.8 | 61% | |
| 2016-17 | 595.7 | 103% | |
| 2017-18 | 921.7 | 55% | |
| 2018-19 | 580.1 | NA | |
| (Till Aug) | |||
Figures in Crores, Source : Payments Systems Indicator Report, DBIE, RBI
- Source : RBI, NPCI, Data provided by 56 Banks to MeitY
- Source: NPCI Website
- Source: Information provided by NPCI on Weekly basis to MeitY
- Source: Information provided by NPCI on Weekly basis to MeitY
