Digital payments to merchants in India rose 19.6 per cent year-on-year to Rs 11.73 lakh crore in July 2026, driven by UPI-P2M and credit card spending. UPI accounted for 77.3 per cent of total digital merchant payments.
Digital payments to merchants in India rose 19.6 per cent year-on-year to Rs 11.73 lakh crore in July 2026, driven by UPI and credit card spending. UPI-P2M accounted for 77.3 per cent of total merchant payments during the month
