India’s digital payments network continues to show robust momentum as the Unified Payments Interface (UPI) recorded 18.68 billion transactions worth ₹25.14 lakh crore in May 2025, according to data released by the National Payments Corporation of India (NPCI).
This marks a strong 33% year-on-year (YoY) growth in transaction count and a 23% YoY rise in the total transaction amount. The average daily transaction volume in May stood at 602 million, while the average daily transaction value reached ₹81,106 crore.
The steady rise highlights the growing acceptance and widespread usage of UPI across both urban and rural parts of the country. The month-on-month growth is also significant when compared to April 2025, which saw 17.89 billion transactions worth ₹23.95 lakh crore.
In comparison, March 2025 recorded 18.30 billion transactions with a total value of ₹24.77 lakh crore, showing that UPI volumes are rebounding after a brief dip in April. With May’s numbers, UPI continues to set new benchmarks in India’s real-time digital payments landscape.
The data reflects the growing shift toward cashless payments, supported by the convenience, speed, and trust UPI provides. From small merchants and local vendors to large businesses and individual transfers, UPI is being used widely for all types of transactions.
As India’s most preferred payment method, UPI’s consistent double-digit growth also shows the increasing reliance on digital financial tools for everyday transactions. With new innovations like UPI Lite, international UPI support, and auto-pay features, this growth trend is expected to continue in the coming months.
