Reserve Bank of India (RBI) released its Payment Systems Report (June 2025)

Current Context: The Reserve Bank of India (RBI) released its Payment Systems Report (June 2025) on 23 October 2025.

• The report shows that digital payments have grown 38 times in volume and 3 times in value over the past decade.
• In H1 2025, India recorded 12,549 crore transactions worth ₹1,572 lakh crore.
• The Unified Payments Interface (UPI) leads with about 85% of transaction volume, though only ~9% of value.
• The Real-Time Gross Settlement (RTGS) system dominates in value (69%) despite negligible volume.

Question:

Q.1 According to the RBI’s Payment Systems Report (June 2025), by how many times have digital payments grown in volume over the past decade?
a) 20 times
b) 25 times
c) 30 times
d) 38 times

Answer: d) Digital payment volume in India has surged 38 times in the last ten years, showing how deeply digital modes like UPI, cards, and wallets have penetrated daily transactions.