TOP 5 PAYMENT TRENDS
FOR 2025 & BEYOND

In recent years, digital payments have drastically changed how Indians handle financial transactions. This transformation is propelled by:

  • Explosive growth of the Unified Payments Interface (UPI): Facilitated by supportive policies from Indian policymakers.
  • Ease of transactions: Making financial activities more convenient than ever, though introducing new challenges.

Significant advancements made in 2024 in the payments landscape include:

  • Introduction of new frameworks: Including conversational voice payments, credit lines, UPI vouchers, and UPI Circle, all designed to enhance user convenience and encourage broader adoption of digital payments.
  • Global standardization: UPI's success has set a global standard, with countries in Asia, Africa, and South America consulting the National Payments Corporation of India to develop digital payment systems modeled after UPI, expected to launch by early 2027.
  • Pilot for digital currencies: The Reserve Bank of India initiated a pilot, indicating a shift towards integrating central bank digital currencies (CBDCs) into the mainstream payment ecosystem.

As a provider of digital payments to enterprise clients, Phi Commerce envisages five key payment trends to emerge in 2025 after consistent deliberations with its ecosystem partners. These touch upon the emerging growth of AI-enabled fraud prevention tools, growing popularity of cross border payments, interoperable mobile wallets and more.

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