India’s UPI P2P vs P2M Transactions (Volume & Value)

Monthly UPI transaction volume (million) and value (₹ crore) split between Person-to-Person (P2P) and Person-to-Merchant (P2M) payments from April 2020. Data from NPCI UPI Ecosystem Statistics.

Source:NPCI - UPI Ecosystem Statistics

MoM Growth

-0.58%

Total Growth

130647.21%

Period

Apr 2020 → Sep 2025

Apr 2020

550.35 million

Sep 2025

7,19,567.29 million

Formula: Value = As reported by the official source.

This dataset represents reported values over time. Growth patterns should be interpreted using the chart and filters, not CAGR.

Source: NPCI - UPI Ecosystem Statistics

How to explore this graph:

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