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Digital transactions could reach Rs 15 trillion a day by 2025: RBI

Daily transactions average 100 million now for a volume of Rs 5 trillion; just before Covid, they daily were averaging 125 million a day, or more than five times the volume in June 2016

The World Health Organisation has advised switching to contactless payments too | File photo
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Digital payments include transactions done through credit and debit cards, apart from various mobile payment modes

Anup Roy Mumbai
Payments through digital modes are expected to jump to 1.5 billion transactions, worth Rs 15 trillion a day in five years, the Reserve Bank of India (RBI) estimates.

The daily transactions average at about 100 million now for a volume of Rs 5 trillion. Just before the Covid outbreak, the daily transactions were averaging around 125 million a day, which is more than five times the volume digital transactions witnessed in 2016 June, according to P Vasudevan, Chief General Manager for the Department of Payment and Settlement Systems at the RBI.

The RBI official was part of a panel on