UPI share in digital payments rises to 83.7% in FY25

The Unified Payments Interface (UPI) continued to consolidate its dominance in India’s digital payments ecosystem, accounting for 83.7% of total transaction volume in FY25, up from 79.7% in FY24.

According to the Reserve Bank of India’s (RBI’s) annual report for FY25, UPI facilitated 185.8 billion transactions during the year, marking a 41% year-on-year increase. In value terms, UPI transactions rose to ₹261 trillion, up from ₹200 trillion in FY24.