Overview
- UPI transactions rose 35% year over year to 106.36 billion in the first half of 2025, moving ₹143.34 lakh crore in value, according to Worldline.
- Merchant payments drove the gains with P2M volumes up 37% to 67.01 billion, while the average ticket fell to ₹1,348, reflecting more small, everyday purchases.
- Acceptance expanded sharply as QR deployments more than doubled to 678 million, PoS terminals grew 29% to 11.2 million, and Bharat QR reached 6.72 million.
- UPI processes roughly 650 million transactions a day, surpassing Visa’s 640 million and Mastercard’s 450 million, and accounts for about 83% of India’s retail digital transactions while handling 12 times the value of all card payments.
- Worldline highlights the next wave of growth from biometric authentication, conversational chat‑pay, Autopay and embedded finance, with regulators steering credit on UPI and EMIs and cross‑border use already live in markets such as Singapore, the UAE, Mauritius and France.