What is UPI? Unified Payments Interface (UPI) is an instant real-time digital payment system developed by the National Payments Corporation of India (NPCI) in 2016. It integrates multiple bank accounts into a single mobile application, enabling seamless peer-to-peer and merchant payments without sharing bank details each time. UPI operates on smartphones using a unique virtual payment address (VPA) or UPI ID, facilitating quick fund transfers between bank accounts through apps like PhonePe, Google Pay, and Paytm. Regulated by the Reserve Bank of India (RBI), it leverages existing infrastructure such as Immediate Payment Service (IMPS) to ensure secure, real-time settlements Key Points UPI transaction value in May 2025: ₹25.14 lakh crore (₹25,14,000 crore), a new all-time high. Month-on-month (MoM) growth: May saw a 5% increase in transaction value over April 2025 (₹23.94 lakh crore). Year-on-year (YoY) growth: UPI transaction value grew 23% compared to May 2024 (₹20.44 lakh crore). Past trend: UPI transaction values have consistently grown every month in 2025, with March at ₹24.77 lakh crore, April at ₹23.94 lakh crore, and May surpassing the ₹25 lakh crore mark. Daily average in May: ₹81,106 crore in transactions per day. Drivers of Growth Widespread adoption: UPI is now foundational to digital finance, with deep penetration across both urban and rural India. Dominant platforms: PhonePe and Google Pay together account for 83% of UPI transaction volume, indicating strong user engagement and competition among leading apps. Government initiatives: Continued policy support for digital payments and mandates for ATM denomination mixes are reinforcing digital adoption.

Will the UPI transactions value in India be ₹25,00,000 crore or more in June?

Qty at Yes

Qty at No

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What Is UPI and Why Does It Matter for India

Please note that while the information is based on historical trends and may not reflect the most current developments, we strongly advise all users to consult the latest information and assess the current situation before engaging in any trading related to the event.

<a href="https://www.npci.org.in/what-we-do/upi/product-statistics" rel="noopener noreferrer">https://www.npci.org.in/what-we-do/upi/product-statistics</a>

TIME: The event will expire at 11:59 PM IST on 30 June 2025 or before whenever the data gets updated on the official website. SETTLEMENT: The event will be settled within 24 hours of expiry. Only the mentioned source of truth will be considered for the settlement. RULE: 1. If the number of UPI transactions value (in crore) reaches or crosses the mentioned number, the event will be closed as Yes. In any other case, the event will be closed at No. 2. The mentioned "source of truth: npci.org.in" updates the UPI numbers by the end of the month or the 1st day of the next month