UPI’s contribution to payments ecosystem volume grows to 83.4% in FY25

The contribution of India’s real-time payments system, the Unified Payments Interface (UPI), to the payments ecosystem’s volume grew to 83.4 per cent in the financial year 2024–2025 (FY25), up from 79.4 per cent in FY24.

According to the Reserve Bank of India’s (RBI’s) annual report for FY25, UPI recorded 185.8 billion transactions during the year, a 41.7 per cent increase from 131.1 billion transactions processed in FY24.