Published by Gbaf News
Posted on March 13, 2018
6 min readLast updated: January 21, 2026
UPI payments driving greater financial inclusion as Indian payments ecosystem undergoes rapid transformation, reveals new whitepaper ‘Transactions 2025’
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, together with AGS Transact Technologies(AGSTTL), India’s leading end-to-end payment solutions company, have unveiled ‘Transactions 2025,’ with in-depth insights into India’s digital payments revolution. It outlines the key growth drivers for digital payments in India’s burgeoning banking and fintech industry. Additionally, it highlights the steps that financial institutions, retailers, and billing organizations can take to help them better prepare for – and respond to – shifts in the payments space.
By 2025, digital transactions in India could be worth $1 trillion annually, with four out of every five transactions being made digitally. UPI (Unified Payments Interface) transactions are a key driver of greater financial inclusion, as the Indian payments ecosystem undergoes rapid digital transformation. Mass adoption of e-payments and a thriving fintech scene, combined with regulatory policy, are set to propel India into a leading position in the global payments landscape.
Key findings of the research:
“India is undergoing an incredible transformation driven by the rapid digitalization of payments,” said Manish Patel, Vice President, ACI Worldwide. “The findings of our new research reinforce our view that flexible, scalable and reliable technology will be critical to the future of payments in India as the market continues to experience incredible growth.”
Mahesh Patel, Group Chief Technology Officer, AGS Transact Technologies Limited, said “we understand that rapid rise in internet users nationwide is spurring an increase in digital transactions. However, the Indian market unlike many Western nations is still to mature and remains threatened due to lower awareness levels. Hence, it is necessary that the rise in digital transactions remain holistic thereby supporting growth with scalable processing platform. Also, it should be accompanied by allied precautionary measures such as cyber security and fraud prevention.”
Announced last week, ACI has implemented a customized, UPI-enabled version of its UP Retail Payments solution, supporting the growth of UPI payments across India. AGSTLL, a long-standing strategic partner of ACI, is the first to bring the suite of hosted processing solutions and fraud monitoring to market.
To download a complimentary copy of the new research, please visit: https://www.aciworldwide.com/geo/india; https://www.agsindia.com/newsroom
UPI payments driving greater financial inclusion as Indian payments ecosystem undergoes rapid transformation, reveals new whitepaper ‘Transactions 2025’
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, together with AGS Transact Technologies(AGSTTL), India’s leading end-to-end payment solutions company, have unveiled ‘Transactions 2025,’ with in-depth insights into India’s digital payments revolution. It outlines the key growth drivers for digital payments in India’s burgeoning banking and fintech industry. Additionally, it highlights the steps that financial institutions, retailers, and billing organizations can take to help them better prepare for – and respond to – shifts in the payments space.
By 2025, digital transactions in India could be worth $1 trillion annually, with four out of every five transactions being made digitally. UPI (Unified Payments Interface) transactions are a key driver of greater financial inclusion, as the Indian payments ecosystem undergoes rapid digital transformation. Mass adoption of e-payments and a thriving fintech scene, combined with regulatory policy, are set to propel India into a leading position in the global payments landscape.
Key findings of the research:
“India is undergoing an incredible transformation driven by the rapid digitalization of payments,” said Manish Patel, Vice President, ACI Worldwide. “The findings of our new research reinforce our view that flexible, scalable and reliable technology will be critical to the future of payments in India as the market continues to experience incredible growth.”
Mahesh Patel, Group Chief Technology Officer, AGS Transact Technologies Limited, said “we understand that rapid rise in internet users nationwide is spurring an increase in digital transactions. However, the Indian market unlike many Western nations is still to mature and remains threatened due to lower awareness levels. Hence, it is necessary that the rise in digital transactions remain holistic thereby supporting growth with scalable processing platform. Also, it should be accompanied by allied precautionary measures such as cyber security and fraud prevention.”
Announced last week, ACI has implemented a customized, UPI-enabled version of its UP Retail Payments solution, supporting the growth of UPI payments across India. AGSTLL, a long-standing strategic partner of ACI, is the first to bring the suite of hosted processing solutions and fraud monitoring to market.
To download a complimentary copy of the new research, please visit: https://www.aciworldwide.com/geo/india; https://www.agsindia.com/newsroom
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