Digital Payment Transactions Growth Expectation 2030 in India

Authors

  • Sweety Das Assistant Professor, Jagannath University, Delhi NCR, Bahadurgarh, India
  • Amitabh Joshi Associate Professor, Prestige Institute of Management & Research, Indore, Madhya Pradesh, India
  • Sudip Banerjee Assistant Professor, SVSM, Shri Vaishnav Vidyapeeth Vishwavidyalaya, Indore, Madhya Pradesh, India
  • Kriti Gupta Senior Research Scholar (SRF), University of Lucknow, Uttar Pradesh, India

Keywords:

Demonetization, Digital Payment, Digital Transactions, CAGR, ARIMA, Linear Regression.

Abstract

India’s digital payment ecosystem has undergone a profound transformation since the 2016demonetisatio India shifting toward a cashless economy. From 2017 onwards, the country has witnessed exponential growth in digital transactions, driven by technological innovation, policy support, easy and convenient facilities changing users’ behaviour. This study aims to examine the historical growth patterns of digital payments and project their future trajectory up to 2030. Historical data of digital transactions collected from 2017 to 2025 both volume and value. These data to be analysed using the compound annual growth rate method. Basis of past data forecast will be predicted in 2025-26 by using Auto Regressive Integrated Moving Average method. Linear regression analysis is utilised to estimate long-term growth to 2030.

How to cite this article:
Das S, Joshi A, Banerjee S, Gupta K. Digital Payment Transactions Growth Expectation 2030 in India. J Adv Res Humani Social Sci 2026; 13(2): 10-14

DOI:https://www.doi.org/10.24321/2349.2872.202605

References

Alamsyah, F., Usman, I., & Lestari, Y. D. (2025). The influence of infrastructure quality on usage smart mobile applications and digital payments. Sustainable Futures, 100983.

Andaregie, A., Abebe, G. K., Gupta, P., Worku, G., Matsumoto, H., Astatkie, T., & Takagi, I. (2024). Exploring individuals’ socioeconomic characteristics and digital infrastructure determinants of digital payment adoption in Ethiopia. Digital Business, 4(2), 100092.

Angamuthu, B. (2020). Growth of digital payments in India. NMIS Journal of Economics and Public Policy.

Hasan, M., Khan, F., & Rizvi, R. (2024). Determinants of behavioral intention to use digital payment among Indian youngsters. SAGE Journals.

Jingar, P., Meena, R., & Gupta, S. (2022). Digital payment: a robust face of modern India. In Integrating

New Technologies in International Business (pp. 173- 186). Apple Academic Press.

Kaur, G. (2022). Literature review on purchase types vs. digital payment methods. Allied Business Academies.

Kumar, S. (2024). Digital payment dynamics in Bhagalpur, Bihar. RR Journals.

Mandal, R. (2024). Adoption of UPI and UPI-ATM: A logit analysis. Lattice Science Journal.

Patnaik, A., Mishra, R., & Nayak, S. (2023). Exploring user acceptance via an extended technology acceptance

model. International Information and Engineering Technology Association (IIETA).

Raman, P., & Aashish, K. (2021). To continue or not to continue: a structural analysis of antecedents of

mobile payment systems in India. International Journal of Bank Marketing, 39(2), 242-271.

Susanto, A., Lee, J., & Tan, J. (2022). Factors influencing mobile payment use in Southeast Asia. SAGE Journals.

Wikipedia Contributors. (2024). Payment and settlement systems in India. Wikipedia.

Published

2026-06-15