UPI Transactions Surge in 2025: A Comprehensive Insight

The Unified Payments Interface (UPI) has seen remarkable growth in 2025, with significant increases in transaction value and volume. A report by the State Bank of India (SBI) highlights UPI's expanding role in India's digital payments landscape, driven by major public and private banks' participation and rising regional adoption.

The Unified Payments Interface (UPI) has witnessed a formidable expansion in 2025, with both transaction value and volume experiencing significant upsurges, according to a State Bank of India (SBI) report. The analysis underscores UPI's rapid integration into India's digital payments framework.

The report revealed a notable rise in average daily transaction value, climbing from Rs 75,743 crore in January to Rs 80,919 crore in July. This momentum continued into August, with values averaging Rs 90,446 crore daily. Such growth reflects the increasing dependence on UPI for various payment transactions nationwide.

In terms of volume, the average daily transactions surged by 127 million, reaching 675 million in August compared to January. The data illustrates a trend where UPI is becoming a primary choice for a range of payments, from everyday small transfers to substantial transactions.

State Bank of India (SBI) has emerged as the foremost remitter member, processing 5.2 billion transactions, with its share eclipsing the nearest competitor by a factor of 3.4. Meanwhile, Yes Bank leads in transaction beneficiaries, managing nearly 8 billion payments. These dynamics highlight the distinct roles of public and private banks within the UPI ecosystem.

For the first time, regional adoption of UPI has been mapped, with Maharashtra leading the way with a 9.8% share in July. Karnataka and Uttar Pradesh follow, the latter marking significant inroads for digital payments in North India.

The comprehensive data indicates UPI's growing preference among consumers and its alignment with the banking sector's strategy toward a cashless economy. (ANI)

(With inputs from agencies.)