India’s digital payments landscape is poised for a transformative leap, with transactions expected to surge threefold over the next five years, PwC’s Indian Payments Handbook 2025-2030 said on Wednesday.

The total volume of digital payments is projected to rise from 206 billion in FY25 to 617 billion by FY30, while the value is set to expand from Rs 299 trillion to Rs 907 trillion.

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The influence of AI is another dominant theme, as 73% of respondents expect Gen AI and Agentic AI to significantly impact the payments landscape.

At the forefront of this growth is the Unified Payments Interface (UPI), which continues to dominate India’s retail payments ecosystem, accounting for nearly 90% of total transaction volumes, the report highlighted.

With innovations such as biometric

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