Article Written By – Tech and Environment
Records of UPI transactions reflect a figure of 18.30 billion in the past month, compared to 16.11 billion just a month earlier, in March 2025.
Such is claimed to be an all-time high volume.
As for the AePS transactions, they also soared to 113 million.
When we talk about IMPS transactions, such also rose to 20 per cent in an year-over-year (YoY) volume and ended up at 462 million.
In the case of FASTag transactions, such plunged by 379 million every month, but also in YoY format, an increase of 12% is there.
National Payments Corporation of India (NPCI) Releases Data:
When we read the latest data from aforementioned institution, today, April 01, 2025, it shows an increase in UPI transactions in a month-over-month (MoM) format and halted at 18.30 billion in the previous month.
Article Written By – Tech and Environment
But on seeing the February data, it stood at 16.11 billion.
Value Worth Of UPI Transactions:
Calculating its total value, UPI transactions in March were at Rs 24.77 trillion, which is a jump from the previous month where it was just Rs 21.96 trillion.
UPI stand tall in the market and the digital payment method has gained a fast momentum.
However, at one end of the spectrum, the average ticket size shrinks but then data thrills us with a massive hike in transaction frequency.
As we think about the 100 billion milestone, this was already crossed in FY 2024 when the transactions (131 billion in number) revealed a value of 199.89 trillion.
Article Written By – Tech and Environment
As compared to FY22, the year had 45.97 transactions which calculated to an amount of Rs 84 trillion but in the following year, the transactions were 83.76 billion which put out the worth of Rs 139 trillion.
The Future Roadmap:
We can easily bet on UPI for its wider acceptance in the coming five years and 90% of total retail digital payments will be through this way and by FY 27, PwC paper sees it touching 1 billion.
There is a 36% YoY increase in volume in NCPI data and a 25% YoY surge in the value which is far different from the March month of 2024.
Such rapid growth indicates the alacrity in its spread across India and the government’s attempts to make it possible.
Besides, there has been a wider smartphone adoption and consumer preferences have also been tilted towards online commerce.
Additional Digital Payment Methods
As for the FASTag transactions, these registered an increase of 12% year over year, but on calculation of month over month, they fell slightly month over month and in February, they were at 384 million but in March month recorded only 379 million.
On the other side of the spectrum, the value of transactions, in February month, jumped from Rs 66.01 billion to Rs 68 billion the following month.
For ease of toll payments, FASTag rides on the Radio Frequency Identification (RFID) framework.
Transactions via IMPS
Talking about Immediate Payment Service (IMPS) transactions, 462 million were on record which shows a 20% decline year over year which translates to 405 million in February 2025.
When we sit to calculate its value, IMPS transactions lowered from Rs5.63 trillion in February to Rs 6.68 trillion in March.
But such registered a hike by 5% year over year in March month after registering a 1% fall.
Article Written By – Tech and Environment
ATM Money Transfers Helped By IMPS:
When we think about instant money transfers via ATMs, the internet, and mobile devices, the IMPS facilitated this which is a virtual interbank electronic fund transfer service.
Transactions Marking AePS
Transactions centring Aadhar Enabled Payment System (AePS) show a 5% flight year over year.
But then, the transaction number soared and recorded at 113 million in March which was just 94 million in February.
When we calculate the value, the AePS transactions also jumped by 9% year over year and rose to Rs 305.3 billion in March while it was 244.1 billion in February.
Banking transactions are facilitated by leveraging Aadhar authentication and by AePS and this strengthens the financial inclusion in and of rural regions.
Article Written By – Tech and Environment
