UPI statistics: official numbers on volume, value and fraud
How big UPI has become, straight from government records. Every figure on this page comes from datasets published on data.gov.in, taken from answers tabled in the Rajya Sabha. We haven't added estimates of our own.
83,751 million
worth ₹139.2 lakh crore
4,689x
by number of transactions
UPI transactions per year (volume, million)
UPI value per year (₹)
Monthly UPI volume, early 2023 (million)
UPI against other payment modes
UPI overtook cards in transaction count in 2019-20 and has pulled far ahead since. By value it is a different story: RTGS still moves the most money, because it carries large bank-to-bank transfers.
| Year | UPI | Cards | IMPS | NEFT | RTGS |
|---|---|---|---|---|---|
| 2018-19 | 535.34 | 664.19 | 175.29 | 231.89 | 13.66 |
| 2019-20 | 1251.86 | 836.86 | 257.9 | 248.2 | 15.07 |
| 2020-21 | 2233.07 | 675.42 | 327.83 | 309.28 | 15.92 |
| 2021-22* | 4595.61 | 745.52 | 466.25 | 404.07 | 20.78 |
| 2022-23(tillJan) | 6752.8 | 672.24 | 470.84 | 427.03 | 19.77 |
Volume in crore transactions. * The source file labels this row "NA"; it sits between 2020-21 and 2022-23, so it is 2021-22.
UPI fraud cases
| Year | Fraud cases | Fraud-to-sales ratio (by value) |
|---|---|---|
| 2020-21 | 77,299 | 0.0017% |
| 2021-22 | 84,274 | 0.0016% |
| 2022-23* | 95,402 | 0.0015% |
Cases went up as UPI grew, but the fraud-to-sales ratio went down slightly. Fraud grew more slowly than UPI itself. * Labelled "NA" in the source; the dataset covers 2020-21 to 2022-23.
Cross-border UPI
| Year | Transactions | Value (₹) |
|---|---|---|
| 2021-22 | 141 | 2,600 |
| 2022-23 | 675 | 20,03,940 |
| 2023-24 | 44,182 | 22,93,53,291 |
| 2024-25 | 7,34,205 | 2,44,36,40,776 |
RuPay credit cards on UPI
| Year | Volume (lakh) | Value (₹ crore) |
|---|---|---|
| 2022-23 | 8.68 | 135 |
| 2023-24 | 3628.99 | 33,439 |
| 2024-25 | 7500.52 | 63,826 |
| Total | 11138.19 | 97,400 |
Sources
All data: Open Government Data (OGD) Platform India, data.gov.in, published under the Government Open Data License – India. Datasets used: Year-wise Detils of Unified Payments Interface (UPI) Transactional Data from 2016-17 to 2023-24; Year-wise Details of Online Financial Transactions made through Payment Modes like Card, UPI, Immediate Payment Service (IMPS) NEFT, RTGS Volume and value wise from 2018-19 to 2022-23; Year-wise Details of such Unified Payments Interface (UPI) Frauds from 2020-21 to 2022-23; Year-wise Details of Cross-border UPI Transactions from 2021-22 to 2024-25; Year-wise Details of Rupay Credit Card linked UPI Transactions from 2022-23 to 2024-25. Figures are as published; we have only changed layout and units where noted.
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