New Delhi, Oct. 13 -- India's digital payments ecosystem is entering a pivotal phase of transformation, marked by exponential growth, strategic innovation, and deepening financial inclusion, according to a report by PwC.

The report highlighted that digital payments in India are projected to grow from 206 billion transactions in FY25 to 617 billion in FY30, with the total transaction value expected to rise from Rs 299 trillion to Rs 907 trillion, almost three times in five years.

This sharp growth underscores the country's rapid shift towards a more digital and cashless economy.

It stated "Credit cards are witnessing robust growth, with volumes and values projected to grow at 21.7 per cent and 20.8 per cent compound annual growth rate (...