UPI transaction rose 33% to 18.68 Bn payments in May 2025

In May 2025, the average daily transaction volume increased to ₹60.2 crore from ₹59.6 crore in April 2025

The value of Unified Payments Interface (UPI) transactions saw a healthy 23 per cent year-on-year (y-o-y) growth in May 2025, rising to ₹25.14 lakh crore as compared to ₹20.44 crore in May 2024.

Further, the volume of UPI transactions too rose by a robust 33 per cent to ₹1,868 crore in the reporting month against ₹1,403 crore in the year ago period, according to NPCI data.

UPI is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing and merchant payments under one hood.

It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.

UPI has features such as immediate money transfer through mobile devices round the clock 24*7 and 365 days; Single Click 2 Factor Authentication; Merchant Payment with Single Application or In-App Payments; Utility Bill Payments, Over the Counter Payments and QR Code (Scan and Pay) based payments.

On a quarter-on-quarter basis, the value and volume of UPI transactions have grown about 5 per cent from ₹23.95 lakh crore and 4.4 per cent from ₹1,889 crore, respectively.

Further, in May 2025, the average daily transaction volume increased to ₹60.2 crore (from ₹59.6 crore in April 2025) and the average daily transaction amount was up at ₹81,106 crore (₹79,831 crore).

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Published on June 2, 2025