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20 April 2026 REPORTS

According to the “India Digital Payments Report- Year 2025 in Review” released by Worldline SA, the UPI processed 228.5 billion transactions in 2025. This is a 33% Year-on-Year (Y-o-Y) increase from 172.2 billion transactions in 2024. The total value of transactions reached ₹299.74 trillion.

Person-to-Merchant (P2M) transactions grew by 34% to 143.82 billion. The merchant acceptance infrastructure expanded as the number of Quick Response (QR) codes increased by 15% Y-o-Y to reach 731.38 million. The report also states that the total number of payment cards in circulation exceeded 1.62 billion by the end of 2025.