India Makes History: UPI Crosses 18.6 Billion Transactions. NPCI Report

M Gulshan
14 Jun, 2025
Illustration of UPI digital payment via smartphone showing rising transactions with Indian rupee icons, representing India’s digital finance growth.
UPI Crosses 18.6 Billion Transactions!

UPI Transactions Hit Record 18.68 Billion in May 2025 (according to NPCI)– PhonePe and Google Pay Dominate

Unified Payments Interface (UPI), India's revolutionary digital payment system, has once again broken records. According to the National Payments Corporation of India (NPCI), UPI clocked a whopping 18.68 billion transactions in May 2025, marking a significant increase in volume and value compared to the previous months.

📈 Quick Stats at a Glance

  • Total UPI Transactions: 18.68 billion
  • Total Value: ₹29.88 lakh crore
  • Top Apps: PhonePe, Google Pay, Paytm

India's shift towards a cashless economy continues to grow stronger, with digital payment platforms becoming the preferred method of everyday transactions.

🏆 Who’s Leading the UPI Race?

  • PhonePe continues to dominate India's UPI market with approximately 8.7 billion transactions in May 2025, capturing nearly 46.5% of the total market share. 
  • Google Pay is close behind with around 6.7 billion transactions, holding a 35.8% share.
  • Paytm secured third place with 1.2 billion transactions, accounting for 6.4% of the total UPI volume. 
  • The remaining share, roughly 11.3%, was split among other apps such as BHIM, Amazon Pay, CRED, and several banking apps.
These platforms have become household names for everything from grocery shopping to utility bill payments, thanks to their user-friendly interfaces and wide merchant acceptance.

🔍 Why Is UPI Growing So Fast?

The massive growth in UPI usage can be attributed to several factors:

  1. Convenience: UPI allows instant money transfers, 24x7, including holidays.
  2. Zero Cost: Most transactions are free of charge for users.
  3. Adoption by Merchants: Even small shopkeepers and vendors now accept UPI.
  4. Government Push: The Indian government is actively promoting digital payments as part of the Digital India mission.

💡 UPI vs Traditional Banking – The Game Changer

Unlike traditional NEFT, RTGS, or IMPS, UPI is:

  • Faster – Real-time transfers
  • Smarter – No need for IFSC, account numbers
  • Universal – Works across all banks and wallets

UPI’s ease of use has made it the go-to method for digital transactions across India.

🔐 Security Still Matters – Stay Safe with UPI

While UPI is largely safe, rising usage also means increased risk of fraud. Here's how you can stay protected:

  • Use trusted apps only (PhonePe, Google Pay, Paytm, BHIM)
  • Never share your UPI PIN
  • Avoid clicking on unknown payment links
  • Enable app lock or biometric lock
  • Regularly check for suspicious activity

📊 UPI Growth Trends – What to Expect

Experts predict that by the end of 2025:

  • Monthly transactions could cross 20 billion
  • Offline UPI via NFC (like 'Tap & Pay') will grow
  • Cross-border UPI payments may start with countries like UAE and Singapore
  • More integration with government subsidies and public services
  • India is on the fast track to becoming the global leader in digital transactions.

🎯 Your Smart Tips 

The rise of UPI is a testament to India’s rapid digital transformation. With massive transaction volumes and seamless usability, UPI has become the backbone of daily financial activity. Whether it’s a ₹10 tea stall or a ₹10,000 online purchase, UPI is everywhere.

Want to stay updated on such digital technology trends? Bookmark Smart Tips for regular tech and Latest updates!

🆕Explore More:  How to Use UPI Safely

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