Mumbai, April 4 -- The Unified Payments Interface (UPI) broke records in FY25, processing an unprecedented 186 billion transactions worth Rs.261 trillion.

Monthly transactions touched a high of 18 billion in March 2025 amounting to transactions worth Rs.25 trillion-up 36% on-year in terms of volume and 25% in value.

A back-of-the-envelope calculation shows this volume of transactions means that around 350,000 UPI transactions were processed every minute in FY25.

To put things in context of other popular payment platforms operating in the country, the Real-Time Gross Settlement (RTGS) platform processed 0.3 billion transactions worth Rs.2,014 trillion in FY25; the National Electronic Funds Transfer (NEFT) platform processed 9.6 billion ...