Analyzing the Growth and Composition of Retail Digital Payments in India: A Comprehensive Study of NPCI Platforms (2022–2025)

Author(s)	Anupama Prajapati
Country	India
Abstract	This study analyzes the rapid expansion and evolving structure of India's retail digital payments. Findings reveal a fundamental societal shift, with transaction volume increasing much faster than the total value moved, strongly suggesting widespread adoption for every day, low-value purposes. This growth is overwhelmingly dominated by a single payment rail, which accounts for most digital transactions. However, established mechanisms maintain their critical role for high-value and institutional fund transfers. Additionally, specialized channels for bill payments demonstrate robust growth, signifying the formalization of recurring household expenses. Conversely, services designed for rural cash withdrawal maintain a stable, foundational role in supporting financial access. This confirms a profound change in user behavior across the nation.
Keywords	Retail Digital Payment, NPCI, AEPS, BBPS
Field	Sociology > Banking / Finance
Published In	Volume 6, Issue 6, November-December 2025
Published On	2025-11-23
DOI	https://doi.org/10.63363/aijfr.2025.v06i06.2030
Short DOI	https://doi.org/hbdswt

About AIJFR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9898-79-39-59	editor@aijfr.com

Advanced International Journal for Research