India · Technology
UPI moved 86% of India's retail payments by count
UPI processed 241.6 billion transactions in 2025-26, about 86% of India's retail payment count. The Reserve Bank of India's largest retail transfer system by value was NEFT, at INR 502.3 trillion.
Sources checked
2023-24 value
Shared scale · 0 INR trillion to 502.3 INR trillion
2024-25 value
Shared scale · 0 INR trillion to 502.3 INR trillion
2025-26 value
Shared scale · 0 INR trillion to 502.3 INR trillion
Choose a fiscal year. The table also shows transaction counts on a different scale.
UPI drove most of the growth in the payment count
The RBI's retail total rose from 222.3 billion transactions in 2024-25 to 282.0 billion in 2025-26. UPI added about 55.8 billion transactions, accounting for roughly 93% of the increase in the total. Source 1
NEFT led the retail systems in money moved
NEFT transferred INR 502.3 trillion across about 10.1 billion transactions. UPI's value was INR 314.2 trillion across about 241.6 billion transactions. Dividing value by volume gives an approximate average of INR 49,735 for NEFT and INR 1,300 for UPI. Source 1
Credit and debit card counts moved apart
The RBI records credit card payments at physical terminals and online. Its credit card payment count rose from 3.56 billion in 2023-24 to 6.02 billion in 2025-26. Debit card payments in those channels fell from 2.29 billion to 1.28 billion. Source 1
The retail total has a defined scope
The RBI separates retail payments from wholesale systems. Its retail total combines credit transfers, debit transfers and direct debits, cards, prepaid instruments and paper instruments. This table shows selected systems, so its rows do not add up to the retail total. Source 1