India's wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment landscape has been dominated by the Unified Payments Interface (UPI) for retail transactions. However, a recent reserve bank of india (RBI) report has highlighted a significant shift in the dynamics of high-value transactions, revealing that the Real-Time Gross Settlement (RTGS) system now leads in transaction value.
📊 UPI's Dominance in Transaction Volume
In the first half of 2025, UPI accounted for a substantial 85% of all wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment transactions by volume. This widespread adoption underscores UPI's role in facilitating everyday, small-value transactions across the nation.
💰 RTGS Leads in Transaction Value
Conversely, RTGS, designed for large-value transactions, represented only 0.1% of the total transaction volume during the same period. Yet, it accounted for a remarkable 69% of the total transaction value, highlighting its critical role in high-value financial operations.
🔍 Understanding the Disparity
The disparity between UPI's volume and RTGS's value can be attributed to their respective transaction thresholds. UPI facilitates numerous small-value transactions with no minimum limit, making it ideal for retail payments. In contrast, RTGS transactions require a minimum amount of ₹2 lakh, catering to institutional and corporate clients for large-scale fund transfers.
📈 Growth Trends
From 2019 to 2024, RTGS transactions grew from 14.8 crore to 29.5 crore, with transaction values increasing from ₹1,388.7 lakh crore to ₹1,938.2 lakh crore. In the first half of 2025 alone, RTGS processed 16.1 crore transactions totaling ₹1,079.2 lakh crore.
🏦 Implications for the Financial Ecosystem
The rise of RTGS underscores the evolving landscape of digital payments in India, where both UPI and RTGS play pivotal roles. While UPI continues to drive daily retail transactions, RTGS remains essential for high-value corporate and institutional transfers. This dual system ensures a robust and versatile wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment infrastructure, catering to diverse financial needs across the country.
In conclusion, while UPI maintains its lead in transaction volume, RTGS has emerged as the frontrunner in transaction value, reflecting the nuanced and complementary nature of India's wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment systems.
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