UPI March transactions hit a record 22.64 billion, marking the highest-ever monthly volume since the platform’s launch and highlighting the rapid growth of digital payments in India. The milestone reflects strong adoption of real-time payments across both urban and rural markets.

Key Highlights

• UPI records 22.64 billion transactions in March, highest ever monthly volume driven by digital payments surge.
• UPI transaction value rises to ₹29.53 lakh crore, reflecting strong growth in India payments ecosystem.

UPI March transactions surged as the digital payment activity increased during the financial year-end, driven by increased consumer spending and business transactions. The sharp rise underscores the growing reliance on the Unified Payments Interface for everyday transactions across the country.

UPI transactions value reached Rs 29.53 lakh crore in March, up from Rs 26.84 lakh crore in February, indicating a strong increase in transaction size and frequency. UPI transaction volumes rose from 20.39 billion in February to 22.64 billion in March, reflecting consistent month-on-month growth. On a yearly basis, volumes surged around 24%, showing sustained expansion in digital payment adoption.

Average daily transactions also increased to approximately 730 million per day, indicating widespread usage across the country.

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The surge in UPI transactions in March is increasingly being driven by Tier-2 and Tier-3 cities, which now contribute a significant share of total volumes. Growing smartphone penetration, improved internet access, and government-led digital initiatives have accelerated adoption beyond metro cities.

The record-breaking performance in March highlights the continued transformation of India’s payment ecosystem. With increasing global acceptance and rising domestic usage, UPI is expected to maintain its growth trajectory, further strengthening India’s position as a leader in digital payments.