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Key Points

UPI transactions in May have surged to Rs 25.14 lakh crore, marking a significant 23% increase from the same period last year. The National Payments Corporation of India indicated a remarkable 33% growth in transaction volume, illustrating the burgeoning dominance of UPI in India's digital payments landscape. With an average daily transaction value reaching Rs 81,106 crore, UPI continues its upward trajectory. Additionally, the Reserve Bank of India highlights India's leading role in global real-time payments, positioning the country as a digital payment pioneer.

Key Points: UPI Transactions Surge 23 Percent to Rs 25.14 Lakh Crore

  • May UPI transactions hit 18.68 billion up from April
  • 33% YoY growth recorded in UPI transactions
  • Average daily transactions reached Rs 81,106 crore
2 min read

UPI transactions see 23 pc rise at Rs 25.14 lakh crore in May

UPI sees a 23% increase to Rs 25.14 lakh crore in May, reflecting its strengthening role in India's digital payments.

"The success of UPI placed India in a leadership position with 48.5% share in global real-time payments by volume. - RBI"

New Delhi, June 2

The Unified Payments Interface (UPI) has posted a robust recover in the month of May by processing 18.68 billion transactions, up from 17.89 billion in April.

As per data by the National Payments Corporation of India (NPCI), the UPI transactions mark a 33 per cent year-on-year (YoY) surge compared to 14.03 billion transactions in the same month last year.

The UPI transactions rose to Rs 25.14 lakh crore (by value) last month, a 5 per cent increase from Rs 23.95 lakh crore in April. This reflects a 23 per cent rise from Rs 20.45 lakh crore in May last year.

The average daily transaction volume stood at 602 million, while the average daily transaction value reached Rs 81,106 crore.

The UPI has strengthened its dominance in India's digital payments system with its share in the total transaction volume rising to 83.7 per cent in 2024-25 from 79.7 per cent in the previous financial year.

The RBI's annual report shows that UPI facilitated 185.8 billion transactions during 2024-25, which represents a 41 per cent year-on-year increase. In value terms, UPI transactions rose to Rs 261 lakh crore from Rs 200 lakh crore in FY24.

"The success of UPI placed India in a leadership position with a share of 48.5 per cent in global real-time payments by volume," the RBI said.

Total digital payments in the country, including transactions through payment systems, card networks, and prepaid payment instruments (PPIs), grew 35 per cent to 221.9 billion in FY25, from 164.4 billion transactions in FY24. In value terms, total digital payments surged 17.97 per cent to Rs 2,862 lakh crore.

The RBI also said it remains committed to extending UPI to 20 countries by 2028-29. Acceptance of Indian UPI apps via QR codes has already been enabled in Bhutan, France, Mauritius, Nepal, Singapore, Sri Lanka, and the UAE, allowing Indian tourists, students, and business travellers to make merchant payments using their domestic UPI apps.

- IANS

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Reader Comments

R
Rajesh K.
This is amazing progress! UPI has truly revolutionized how we transact in India. From street vendors to big stores, everyone accepts UPI now. The 48.5% global share makes me proud 🇮🇳 Hope we continue this growth while maintaining security standards.
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Priya M.
While the numbers are impressive, I worry about digital literacy in rural areas. My relatives in villages still struggle with UPI. NPCI should focus more on education campaigns alongside expansion. The urban-rural divide in digital payments needs attention.
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Amit S.
UPI going international is the best part! Used it in Dubai last month - so convenient not to carry forex cards. Hope they expand to more countries soon. Maybe Thailand and Malaysia next? 😊
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Sunita R.
The transaction failures need to be addressed though. Last week my payment to vegetable vendor failed but amount got deducted. Had to wait 3 days for refund. NPCI should improve success rates as volumes grow.
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Vikram J.
₹81,106 crore daily average is mind-blowing! Remember when we used to stand in bank queues for hours? UPI has saved so much time and paperwork. Next step should be making it work seamlessly for NRIs too.
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Neha T.
The growth is phenomenal but I hope RBI maintains strict oversight. With so much money moving digitally, cybersecurity must be top priority. One major breach could shake public confidence in the system.
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Karan P.
UPI's success shows what happens when government and private sector work together. From Pay

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