UPI transaction value dips 1.7% to Rs 29.03 trillion in April

The Unified Payments Interface (UPI) transaction value dipped 1.7 per cent in April to Rs 29.03 trillion, down from Rs 29.53 trillion the previous month. UPI volume also declined 1.3 per cent to 22.35 billion compared to 22.64 billion in March, according to data from the National Payments Corporation of India (NPCI).

Further, on the year-on-year basis, April saw a 25 per cent rise in volume and a 21 per cent jump in value. March clocked the highest volume and value numbers since UPI became operational in April 2016.

Advertisement

As per the NPCI data, the FASTag transactions fell by 1.6 per cent to 358 million compared to 364 million in March. Transactions worth Rs 7,025 crore were made in April, down 2 per cent from Rs 7,193 crore in March. Daily transactions increased from 11.73 million to 11.94 million during the same period.

The number of Aadhaar Enabled Payment System transactions also declined by 15 per cent to 94 million from 111 million in March. Value declined by 14 per cent to Rs 27,640 crore, compared to Rs 31,956 crore in March.

Immediate Payment Service (IMPS) transactions further dipped 1 per cent to 362 million in April, compared to 366 million in March. In value terms, they declined by 5 per cent to Rs 7.01 trillion versus Rs 7.4 trillion in March.

Daily IMPS transactions grew more than 2 per cent from 11.8 million in March to 12.08 million in April.

The Year 2025 marked a significant milestone in the growth trajectory of the UPI as the monthly transaction volumes crossed 2,000 crore transactions for the first time in August 2025, reaching 2,001 crore transactions, signalling a new scale of adoption.

With over 66 crores transactions processed daily, UPI has surpassed the global payment network, reinforcing India’s position as the world leader.