Unified Payments Interface (UPI) has achieved a remarkable milestone in June 2025, processing an average of 613 million daily transactions and reaching a total transaction volume of 18.40 billion for the month. This achievement highlights the growing dominance of UPI in India’s digital payments landscape, despite a slight dip in monthly volume compared to May 2025, when 18.68 billion transactions were recorded.
The total transaction value in June also experienced a minor decrease, falling to ₹24.04 trillion from ₹25.14 trillion the previous month. Year-on-year, UPI continues to demonstrate robust growth, with transaction volumes surging by 32 percent and transaction values rising by 20 percent compared to June 2024. This sustained upward trend underscores the rapid expansion and adoption of digital payments across India, fueled by government initiatives, increased smartphone usage, and a growing preference for online transactions among consumers.
The average daily transaction count also climbed from 602 million in May to 613 million in June, reflecting the increasing frequency and acceptance of UPI payments nationwide. On an annual basis, the financial year 2024 marked a significant achievement for UPI, as it crossed the 100 billion transaction mark for the first time, closing at 131 billion transactions worth ₹199.89 trillion. This represents a substantial leap from the previous years, with FY23 recording 83.76 billion transactions totaling ₹139 trillion, and FY22 registering 45.97 billion transactions valued at ₹84 trillion.
Other digital payment channels presented a mixed picture. FASTag, which enables electronic toll payments, registered a 16 percent year-on-year growth but saw monthly transactions decline to 386 million in June from 404 million in May, with the transaction value dropping to ₹67.93 billion.
Immediate Payment Service (IMPS) experienced a 13 percent year-on-year decline in transaction volume, with 448 million transactions in June, but the value of IMPS transactions increased by 5 percent year-on-year to ₹6.06 trillion. Meanwhile, Aadhaar Enabled Payment System (AePS) transactions fell by 3 percent year-on-year, with volumes decreasing to 97 million in June and the transaction value slipping to ₹266 billion.
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These figures reinforce UPI’s pivotal role in India’s digital payments ecosystem, even as other digital payment methods show varied trends in growth and adoption. The continued rise of UPI highlights the platform’s reliability, convenience, and its integral position in driving the country’s digital economy forward.
