Archive · 9 Jun 2025
India's Digital Payment Surge Continues With UPI Growth
India is embracing digital payments like never before!
The government, led by Prime Minister Modi, is pushing for a cashless society, with systems like UPI.
UPI is used for billions of transactions every month, and the total amount of money transferred digitally is enormous.
This change is making it easier for people to pay and is good for businesses.
It's like India is going through a money makeover, using apps and phones instead of cash.
India is experiencing a cashless revolution, according to the Finance Minister.
UPI processes over Rs 70,000 crore worth of transactions daily.
UPI processed 18.68 billion transactions in May, a 33% year-over-year increase.
The value of UPI transactions in May reached Rs 25.14 lakh crore, a 23% increase YoY.
UPI's share of total digital transactions rose to 83.7% in 2024-25.
- Who
- Union Finance Minister Nirmala Sitharaman
- What
- India is experiencing a significant rise in digital payments, particularly through UPI.
- When
- Over the last 11 years, with data from May showing substantial growth.
- Where
- India
- Why
- Digital payments are becoming the norm, making life easier for citizens and boosting business confidence.
- Daily UPI Transactions Value
- Rs 70,000 crore+
- UPI Transactions in a Single Day
- 59.6 crore
- UPI Transactions in May
- 18.68 billion
- UPI Transactions Value in May
- Rs 25.14 lakh crore
- UPI Share of Digital Transactions (2024-25)
- 83.7%
- UPI Transactions in 2024-25
- 185.8 billion
- UPI Transactions Value in FY24
- Rs 261 lakh crore
