Maharashtra has emerged as the leading state in Unified Payments Interface (UPI) transactions during Q1 FY2025, followed by Karnataka, Uttar Pradesh, and Telangana. Data from the National Payments Corporation of India (NPCI) shows that four Indian states crossed over one billion transactions in May alone, highlighting the country’s growing dependence on digital payment platforms for day-to-day transactions.
In India, Maharashtra has taken the top spot in Unified Payments Interface (UPI) transactions during the April–June 2025 quarter, as per data released by the National Payments Corporation of India (NPCI), the umbrella organisation that manages retail payments and settlement systems across the country.
The NPCI, headquartered in Mumbai, operates and maintains the UPI platform, which has become the country’s most preferred digital payment mode. This quarter marked the first time that NPCI released state-wise transaction data, offering a granular view of digital payment adoption across India.
According to the data, Maharashtra accounted for 13% of all UPI transactions, followed by Karnataka at 7.7%, Uttar Pradesh at 7%, Telangana at 6%, and Tamil Nadu at 4% in May 2025. The four leading states alone crossed over 1 billion UPI transactions in the same month, though volumes dipped slightly in June.
In terms of transaction value, Maharashtra saw approximately ₹3 lakh crore, followed by Karnataka at ₹2 lakh crore, Uttar Pradesh at ₹1.8 lakh crore, and Telangana at ₹1.75 lakh crore. These numbers reflect a strong digital payment culture, especially in urban centers such as Mumbai, Bengaluru, Hyderabad, and Chennai.
Interestingly, nearly 45% of all UPI transactions in June were classified as “unclassified” due to the lack of geolocation data. Despite this, the rankings of the top contributing states remained unchanged.
The National Capital Region’s numbers are split between Delhi, Haryana (Gurugram), and Uttar Pradesh (Noida) and hence do not place Delhi NCR in the top five. However, thanks to its large population, Uttar Pradesh still remains a strong contributor to both transaction volume and value.
With nearly 650 million UPI transactions per day and more than 18 billion per month, UPI is inching closer to surpassing global payment giants like Visa in transaction volumes, positioning itself as the largest retail interbank settlement platform worldwide.
India’s UPI ecosystem continues to grow at 5–7% month-on-month and 40% year-on-year, propelled by rising internet penetration and growing digital payment adoption, especially in semi-urban and rural markets.
