Bihar Conclave 2025

Digital Payments India

India’s Unified Payment Interface (UPI) has witnessed unprecedented growth over the past eight years, says Finance Minister Pankaj Chaudhary.

Transactions on the UPI hit an all-time high in May, reaching 18.68 billion in volume and ₹25.14 trillion in value.

The UPI reinforced its dominance in India’s digital payments, accounting for 83.7% of total transaction volume in FY25, up from 79.7% in FY24

India's digital payments landscape has experienced significant shifts in the financial year 2024–25, with UPI QR codes leading the growth.

Digital payments through UPI were restored after a widespread outage across India disrupted transactions for millions.