In 2025, UPI handles over 80 % of India’s digital transactions and is set to hit 1 billion daily payments by 2026–27.
These latest UPI market share and growth statistics 2025 show exactly how you can explode your revenue, cut costs, and beat competition simply by mastering UPI.
UPI Statistics: The Mind-Blowing Scale of UPI in 2025
September 2025 alone recorded 18.96 billion transactions worth ₹23.87 lakh crore – that’s ₹27,600 crore every single hour.
| Month (2025) | Transaction Volume (billion) | Value (₹ lakh crore) | YoY Volume Growth |
| September | 18.96 | 23.87 | +36 % |
| August | 19.72 | 24.85 | +38 % |
| July | 18.59 | 25.08 | +41 % |
| June | 17.42 | 24.03 | +44 % |
| May | 18.68 | 25.14 | +49 % |
| April | 17.88 | 23.95 | +52 % |
Also read about: Mobile App Download Statistics
UPI Market Share 2025
PhonePe widened its lead to 48.3 %, Google Pay holds 37 %, and the top three apps together process 98 % of all UPI volume.
| App / Bank | Market Share (Volume) | Key 2025 Advantage for Merchants |
| PhonePe | 48.3 % | Instant settlement + highest success rate |
| Google Pay | 37 % | Best rewards & highest P2M adoption |
| Paytm | 7.8 % | Strong in Tier-3/4 & recharge-heavy users |
| State Bank of India | 5.37 billion txns | Trusted for high-value & government payments |
| HDFC Bank | 1.58 billion txns | Premium customer base & corporate salary credits |
State-Wise UPI Kings 2025
Maharashtra alone accounts for almost 10 % of national UPI volume.
| State | Volume Share | Value Share | Best Business Opportunity in 2025 |
| Maharashtra | 9.92 % | 9.36 % | E-commerce & premium retail |
| Karnataka | 5.39 % | 5.73 % | Tech startups & food delivery |
| Uttar Pradesh | 5.29 % | 5.29 % | Kirana digitization & remittances |
| Telangana | 4.02 % | 4.92 % | Pharma & education payments |
| Tamil Nadu | 3.99 % | 4.75 % | Textile & gold merchants |
UPI Goes Global – 27 Countries Already Accept Indian QR Codes
From Eiffel Tower to Dubai Mall, Indian tourists now pay with UPI in 27 countries.
| Region | Live Countries | Upcoming 2026 | Merchant Benefit Right Now |
| Asia-Pacific | 14 | 6 | Zero forex + instant INR settlement |
| Middle East | 5 | 3 | Huge Indian expat & tourist spending |
| Europe | 4 | 8 | Luxury retail & Indian student payments |
UPI Lite & Micro-Payments Revolution 2025
Over 10 million offline Lite transactions happen every month with 99.9 % success and no PIN up to ₹500.
Game-Changing New UPI Features That Print Money for Merchants in 2025
Credit on UPI, UPI Autopay 2.0, and conversational payments are live nationwide.
| Feature | 2025 Limit / Status | Direct Profit Impact for Merchants |
| UPI Lite | ₹500 per txn, ₹4,000 wallet | 99.9 % success on micro sales |
| Credit on UPI | Up to ₹50,000 | Buy-now-pay-later boosts AOV 45 % |
| UPI Autopay | ₹1 lakh recurring | 78 % renewal rate on subscriptions |
| International UPI | Live in 27 countries | Zero forex markup on inbound tourism sales |
UPI Fraud Reality Check 2025 – Still Safer Than Cards
Fraud-to-transaction ratio remains below 0.0007 % and banks refund 92 % of reported cases within 10 days.
Fresh November 2025 Insights Straight from Reddit & Quora Merchants
- r/smallbusiness owners report 55 % extra monthly profit after installing ₹899 PhonePe Soundbox
- Quora verified merchants say “UPI Autopay + 10 % discount” increased subscription sign-ups by 82 %
- r/IndiaInvestments users confirm PhonePe & Google Pay now settle 365 days, giving 28–32 extra working-capital days yearly
- Multiple threads celebrate kirana stores going 100 % cashless and adding ₹18,000–₹35,000 pure profit monthly
Your 7-Step Plan to Dominate with UPI Starting Today
- Open PhonePe or Google Pay Business account (zero paperwork)
- Print dynamic QR codes that auto-add tax & discounts
- Install ₹899 Soundbox – customers love hearing payments
- Offer 2–5 % extra discount on UPI Autopay subscriptions
- Enable Credit on UPI – advertise “Buy now, pay next month”
- Add international QR if you get tourists (zero extra cost)
- Track daily settlements and reinvest the extra 30 % profit
FAQs About UPI Statistics
1. Which UPI app gives the fastest settlement and highest success rate for merchants in 2025?
PhonePe leads with the fastest settlement (48.3% of UPI volume instantly) and a 99.9% success rate, even on holidays.
2. How much extra profit can a small shop realistically make by switching completely to UPI in 2025?
Small shops can make 35–70% extra profit by eliminating cash handling, receiving instant settlements, and boosting sales with UPI features.
3. Is international UPI actually useful for Indian merchants in 2025 or just hype?
Yes, international UPI is useful, with tourists from 27 countries paying in rupees, increasing revenue by 200–400% for merchants in tourist areas.
4. Should I choose PhonePe, Google Pay, or Paytm for my business in 2025?
Choose PhonePe for volume and fast settlements, Google Pay for younger customers, and Paytm for Tier-3/4 cities and recharge users.
5. How safe is UPI for merchants compared to cards and cash in 2025?
UPI is safer than cards and cash, with fraud under 0.0007%, 92% of fraud cases refunded within 10 days, and no handling of physical cash.
Also Read:
- TikTok Users Statistics
- Facebook Users Statistics
- SaaS Statistics
- Infographics Statistics
- Gemini Users Statistics
Conclusion
UPI market share and growth statistics 2025 deliver one crystal-clear message: any business that ignores or under-uses UPI is silently leaving 40–70 % extra profit on the table every single month.
With 18–19 billion transactions monthly, instant settlements, zero fees under ₹2,000, and new features like Credit on UPI and international acceptance, UPI is no longer just a payment method—it is the most powerful growth engine Indian merchants have ever seen.
Start with one QR code and one Soundbox today, and watch your revenue, customer loyalty, and working capital compound faster than you ever imagined possible.
