UPI transactions experienced a slight decline in April 2025 compared to the previous month, but the overall trend remains positive, especially when considering year-on-year growth. According to the National Payments Corporation of India (NPCI), UPI processed 17.89 billion transactions in April, which marks a 2.2% decrease from March's 18.30 billion. The total transaction value also saw a decline of 3.3%, dropping to Rs 23.95 lakh crore from Rs 24.77 lakh crore in March.
However, when comparing April 2025 to April 2024, UPI continues to demonstrate significant growth. The number of transactions increased by 34%, and the transaction value rose by 22%, reflecting the expanding adoption of digital payments across the country.
On a daily basis, UPI handled 596 million transactions in April, a slight increase from 590 million in March. The average daily transaction value stood at approximately Rs 79,831 crore. For the first month of FY25, the numbers were even more impressive, with UPI’s transaction value climbing 30% to Rs 260.56 lakh crore, and the number of transactions increasing by 42% to 185.85 billion, compared to FY24.
The minor dip in April can be attributed to technical glitches affecting major payment apps like Google Pay, PhonePe, and Paytm between late March and mid-April. This period of technical issues may have led to a temporary slowdown in transaction volumes.
Other digital payment systems also saw consistent growth. FASTag usage surged, with daily volumes reaching 12.75 million and the total transaction value rising by 17% to Rs 227 crore compared to March. Similarly, IMPS transactions grew slightly, with daily volumes increasing from 14.89 million to 14.98 million.
In response to technical challenges, NPCI has implemented new measures to ensure greater stability in the UPI ecosystem. One such move includes advising banks to limit the use of the ‘Check Transaction’ API after a major five-hour UPI outage on April 12, marking the longest UPI disruption in over three years.
Despite the small drop in April, UPI's overall growth trajectory remains strong, and the focus on improving system stability continues, ensuring its position as a leading digital payment platform in India.
