In Apr'25, India's digital retail transactions reached INR 82.6T, showing a slight decrease of 12% from Mar'25 (INR 94.3T) and a 20% growth compared to Apr'24 (INR 68.8T). NEFT continued to dominate the payment landscape, accounting for 47.2% of all non-cash retail transaction value. Other payment modes like UPI (29.0%), CTS (7.8%), and IMPS (7.5%) maintained their positions in the digital payment ecosystem, collectively representing India's accelerating transition to digital financial transactions
In Apr’25, India's UPI processed 17.8B transactions, averaging approximately 596M transactions per day. This represents a decrease of ~3% from Mar’s 18.3B transactions. The total transaction value for Apr’25 was INR 23.9T, down from INR 24.7T in Mar’25. UPI transactions showed a 34% Y-o-Y increase in volume and a 22% rise in value compared to Apr’24.
In a move to further strengthen transparency and safeguard investor interests, SEBI has mandated that all brokers and mutual fund platforms accept payments only through verified UPI handles, with a daily cap of INR 5L per investor. This directive, introduced in Apr’25, aims to curb fraudulent transactions and ensure that investments flow through secure, authenticated payment channels