India's Digital Payments: UPI, Mobile & Internet Banking
India’s digital payments ecosystem has experienced substantial growth, supported by expanding internet connectivity, smartphone adoption, digital banking infrastructure, and the increasing availability of convenient payment solutions. The Unified Payments Interface (UPI) has emerged as a major driver of this transformation, enabling instant bank-to-bank payments through popular applications such as Google Pay, PhonePe, Paytm, and BHIM. These platforms have made everyday transactions, including retail purchases, bill payments, and person-to-person transfers, faster and more accessible. Alongside UPI, mobile banking and internet banking continue to support a wide range of financial activities, contributing to the digitalization of India’s financial services.
The India’s Digital Payments: UPI, Mobile & Internet Banking dataset tracks monthly transaction volumes across these three categories, measured in millions of transactions. The data highlights the rapid expansion of UPI, supported by its widespread acceptance among merchants, businesses, and consumers. Mobile banking applications offered by banks, such as YONO SBI, ICICI Bank’s iMobile, and HDFC Bank’s MobileBanking app, provide additional services, including fund transfers, bill payments, and account management. Meanwhile, internet banking remains an important channel for individuals and businesses conducting online financial transactions. Comparing these trends provides insights into changing payment preferences and the evolution of India’s digital banking landscape.
Based on statistics published by the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), this dataset provides insights into India’s digital payment activity over time. The accompanying visualization enables users to examine monthly trends, compare transaction volumes, and identify changes in digital payment adoption. These insights are valuable for financial institutions, fintech companies, policymakers, researchers, investors, and businesses seeking to understand the growth of India’s digital economy and evolving payment infrastructure.
