In March, transactions conducted via the widely used Unified Payments Interface (UPI) reached an unprecedented level of 24.77 lakh crore, reflecting a growth of 12.7 percent compared to the previous month, as reported by the National Payments Corporation of India (NPCI).
In February, the number of UPI transactions reached 21.96 lakh crore. According to the NPCI, the transaction value in March amounted to 24.77 lakh crore, compared to Rs 19.78 lakh crore during the same month last year.
In a statement, Dilip Modi, founder and CEO of Spice Money, highlighted that the unprecedented UPI transactions amounting to Rs 24.8 lakh crore in March 2025 reflect a remarkable 25 percent increase in value and a significant 36 percent rise in volume compared to the previous year. This surge underscores the relentless progress of India’s digital payments transformation.
Daily transactions have reached an average of Rs 79,903 crore, reflecting a 1.9 percent increase from February, alongside a 2.6 percent rise in volumes. These figures highlight the swift acceptance and growing confidence in digital financial solutions, he stated.
