India · Digital paymentsApr 2017 - Jul 2025

From a niche experiment to India’s payment backbone

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Period

From To

Measure

Trend scale

Trends

How fast did UPI scale?

Monthly activity for the selected period. Hover any month for exact values; dots mark policy and product milestones.

Monthly transactions

Milestone month — hover for details

What the numbers say

Calculated live for your selected period

Year-on-year growth

Growth vs the same month a year earlier — slowing in % terms as the base explodes

Shown only where the same month a year earlier had ≥100 mn transactions.

Average ticket size

Value per transaction (₹) — climbed to a 2020–21 peak, then drifted lower

Growth

Year by year, month by month

Annual totals by fiscal year (April–March), banks on the network, and a calendar of month-over-month momentum.

Fiscal-year totals

Sum of the months inside your selected period

Lighter bars are partial years: only part of the fiscal year falls in your period, or is reported so far.

Banks live on UPI

Approximate count of participating banks

Month-over-month momentum

Each cell is growth vs the previous month. Rows are fiscal years, columns run April to March.

Decline Growth · colours saturate at ±20%; hover for the exact figure

Ecosystem

Who powers UPI, and what changed along the way

App share is a set of December snapshots and is not affected by the period filter. Milestones follow your selected period.

Share of UPI transactions by app

Approximate, rounded to whole percentages

Milestones

Policy and product moments in this period

Data

The dataset behind every chart

Every monthly record in your selected period. Sort by any column, search, or export what you see. This table is the accessible twin of every chart above.

About this data. Monthly UPI volumes are rounded reference figures based on NPCI’s published UPI statistics and have been calibrated so each fiscal year adds up to NPCI’s reported annual totals. Monthly value comes from volume × an interpolated average ticket size, calibrated the same way. Banks-live and app-share figures are approximate. They were not downloaded live from NPCI, so please verify against NPCI’s official statistics before using them outside this project.