🐘 India🇮🇳: key statistics on UPI’s growth, surpassing all competitors

🐘 India🇮🇳: key statistics on UPI’s growth, surpassing all competitors

In just nine years since its launch, the Unified Payments Interface (UPI) surpassed Visa and became the largest real-time payment system in the world, both in number of transactions and total volume.

➡️ Currently, India accounts for almost half of all digital payments worldwide.

➡️ On June 1st, UPI processed 644 million transactions, surpassing Visa’s average daily volume in 2024, which was 639 million.

➡️ In May 2025, the value of transactions via UPI was 12 times greater than the total sum of all card transactions in the Indian payments market.

➡️ Currently, 83% of all digital transactions in India are made through UPI, compared to 34% in 2019.

➡️ UPI’s success is attributed to its integration with the country’s main banks and its incorporation into external apps like Google Pay. Additionally, the system has adopted modern features such as recurring payments and QR codetransactions.

➡️ The growth trend remains strong, with an annual rate of about 40%, while Visa records growth close to 10%. Support from India’s Central Bank is crucial; in May, the government announced it is studying offering direct discounts to consumers who use UPI, with a reduction of 2% compared to credit card usage costs.
The regulator’s goal is to reach a daily UPI transaction volume of 1 billion, a target considered realistic given current data.

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