Overview
- UPI transactions rose 35% year-on-year to 106.36 billion in the first half of 2025 with value at Rs 143.34 lakh crore, according to Worldline.
- P2M payments grew 37% to 67.01 billion as average ticket size fell to Rs 1,348, while active credit cards rose 23% and debit card PoS usage declined nearly 8%.
- Merchant acceptance expanded with 678 million QRs, 11.2 million PoS terminals and 6.72 million Bharat QR, as daily volumes are reported around 650 million transactions.
- Worldline highlights the next growth drivers as frictionless biometric authentication pilots, chat-based payments, UPI Autopay, embedded finance, and new cross-border corridors.
- Zerodha’s Nikhil Kamath urged positioning UPI as a soft-power export, with acceptance already present in Singapore, the UAE, Mauritius and France, and Business Today noting IMF recognition.