India • Digital payments

India — UPI Digital Payments

Data through 30 Jun 2025 india-upi-npci-2025-06-v1 Azure SQL serving model

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Monthly transactions

Provisional

18B txns Jun 2025

Monthly value

Provisional

₹24 lakh cr Jun 2025

FY 2024-25 transactions

Verified

172B txns FY 2024-25

FY 2024-25 value

Verified

₹246 lakh cr FY 2024-25

Average ticket size

Verified

INR 1,433 FY 2024-25

Featured chart • INR billions

UPI transaction value

Fiscal-year (April–March) value settled over UPI rails.

2017-18–2024-25

Detailed analysis

Four views behind the headline

All values respond to the applicable country, currency, frequency and period filters.

Adoption

Fiscal-year transaction volume

2017-18 0.92B

2018-19 5.35B

2019-20 12.52B

2020-21 22.33B

2021-22 45.97B

2022-23 83.75B

2023-24 131.14B

2024-25 172.22B

Monthly flow

Transaction value by month

Recent months provisional

Jan 2025 16.99B

Feb 2025 16.11B

Mar 2025 18.3B

Apr 2025 17.89B

May 2025 18.68B

Jun 2025 18.4B

Ecosystem

App share of transaction volume

PhonePe

46.5%

Google Pay

36.2%

Paytm

6.9%

Navi

1.9%

super.money

1.6%

Other apps

6.9%

Unit economics

Average ticket size by fiscal year

2017-18 ₹1,193

2018-19 ₹1,639

2019-20 ₹1,702

2020-21 ₹1,837

2021-22 ₹1,830

2022-23 ₹1,661

2023-24 ₹1,524

2024-25 ₹1,433

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