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2w ago

India’s UPI Network Processes 185.8 Billion Transactions in FY 2024-25

Daily UPI transaction values topped Rs81,106 crore in May, reinforcing its dominance in the nation’s digital payments ecosystem

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Commerce and Industry Minister Nirmala Sitharaman

Overview

  • The RBI’s annual report shows UPI facilitated 185.8 billion transactions in 2024-25, a 41 percent year-on-year increase.
  • In May 2025, UPI handled 18.68 billion transactions worth Rs25.14 lakh crore, up 33 percent in volume and 5 percent in value from April.
  • Average daily UPI volumes reached 602 million payments in May, with values averaging Rs81,106 crore.
  • UPI’s share of India’s total digital payment volume climbed to 83.7 percent in 2024-25 from 79.7 percent a year earlier.
  • Union government and RBI initiatives to upgrade payment infrastructure and internationalise UPI aim to bolster India’s standing in global fintech innovation.