UPI Transactions Reach ₹25.14 Lakh Crore in May
India’s digital payment ecosystem reached a new peak in May 2025, as Unified Payments Interface (UPI) transactions touched a record value of ₹25.14 lakh crore. This marks a significant milestone in the country’s shift toward a cashless economy, with more individuals and businesses embracing digital transactions at unprecedented levels.
UPI Transactions May
The month witnessed a total of 1,867.7 crore UPI transactions, a notable 4.4% increase compared to April’s 1,789.3 crore transactions. In terms of value, there was a 5% month-on-month jump from ₹23.94 lakh crore in April. Year-on-year, the transaction value soared by 23%, up from ₹20.44 lakh crore in May 2024.
On a daily basis, UPI processed an average of 60.2 crore transactions, handling about ₹81,106 crore in value every single day. This consistent rise in both transaction volume and value underscores the mainstream adoption of UPI across sectors and user segments.
Digital Payments India
The growth of digital payments in India is driven by several factors, including increased smartphone usage, deepening internet penetration, and the integration of UPI across banking and fintech platforms. Government incentives and regulatory support have also helped widen access and build user trust in digital transactions.
While cash still plays a dominant role in many parts of the country, particularly in rural and semi-urban regions, the upward trajectory of UPI transactions suggests a steady shift toward digital modes of payment. More merchants and service providers are opting to accept UPI, even in low-income areas, further expanding its reach.
NPCI UPI Growth
The National Payments Corporation of India (NPCI), which manages the UPI system, reported that the platform handled 185.8 billion transactions in the financial year 2024-25—a 41% rise from the previous year. The total transaction value for the fiscal touched ₹261 lakh crore, up from ₹200 lakh crore.
India has emerged as the world’s largest market for real-time digital payments, accounting for nearly half of all global transactions by volume. The Reserve Bank of India and NPCI aim to expand UPI’s reach to at least 20 countries by 2028-29, with the system already active in countries such as Singapore, UAE, Nepal, France, Sri Lanka, Mauritius, and Bhutan.
The record-breaking data from May is not just a statistical achievement—it marks a turning point in India’s digital journey. With global expansion on the horizon and domestic usage on the rise, UPI is not just powering payments but redefining how India moves money.
