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The mode of payment in India is rapidly changing. According to data from the first half of 2025, 99.8% of total payment transactions were made digitally. This means that almost all payments are now online. According to data released by the Reserve Bank of India (RBI), digital payments also accounted for 97.7% of the total value of payment transactions. During this period, the total value of payments was ₹1572 lakh crore, of which ₹1536 lakh crore was made through digital payments. This shows that digital payments have now become the primary mode of payment in India.

UPI or RTGS... Which is ahead?
There are several digital payment methods, the most prominent of which are UPI (Unified Payments Interface) and RTGS (Real Time Gross Settlement). In the first half of 2025, UPI captured the largest share in terms of transaction volume, i.e., 85%. However, in terms of value, UPI's share was only 9%. The RTGS system recorded the largest share of value at 69%, while its volume share was only 0.1%.

This is because UPI handles a large number of small transactions, resulting in a higher volume share but a lower value share. RTGS, also known as the Wholesale Payment System, is used for larger transactions. It has a minimum transaction limit of ₹2 lakh, making it a larger value share.

CCIL Transactions Also Surge
The Large Value Payment System (LVPS) includes systems operated by the Clearing Corporation of India Limited (CCIL) in addition to RTGS. CCIL transactions have also seen an increase in the past few years. From 3.5 million transactions in 2019, this number increased to 4.5 million in 2024. In terms of value, it increased from ₹1,270 lakh crore to ₹2,780 lakh crore. In the first half of 2025, CCIL saw 28.8 lakh transactions with a total value of Rs 1,734 lakh crore.

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