According to a report by Sensor Tower, India became the world's largest digital wallet market in 2025 with more than 440 million app downloads.
India contributed over 440 million of the 1.8 billion digital wallet app downloads recorded globally in 2025.
PhonePe became the world's most downloaded digital wallet application in 2025.
Paytm and BHIM remained among India's leading digital payment platforms.
The Unified Payments Interface (UPI) processed about 228.5 billion transactions worth ₹299.7 trillion in 2025, driving India's digital payments revolution.