Sensor Tower Ranks India as World's Largest Digital Wallet Market in Calendar Year (CY) 2025

Key facts

• India recorded over 440 million digital wallet app downloads in Calendar Year (CY) 2025, maintaining its position as the world's largest market for the third consecutive year.
• PhonePe emerged as the most-downloaded digital wallet app globally in 2025, while Paytm also featured among the top three global downloads according to Sensor Tower.
• The Unified Payments Interface (UPI) processed 228.5 billion transactions in 2025, marking a 33 per cent year-on-year increase with a total transaction value of ₹299.7 trillion.
• India’s digital wallet market was valued at $20.1 billion in 2025 and is projected to reach $75.8 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 14.2 per cent.
• The top digital wallet apps in India by downloads for 2025 were PhonePe, Paytm, Google Pay, Bharat Interface for Money (BHIM), Super.money, and FamApp.