UPI Transactions Surge 35% In H1 2025, Hit ₹143 Lakh Crore

India’s UPI transactions jumped 35% year-on-year in the first half of 2025 to 106.36 billion, worth ₹143.34 lakh crore, according to source report. The “Kirana Effect” drove 37% P2M growth, while QR payments doubled to 678 million. Credit cards and mobile payments surged, even as debit card use declined with smaller payments shifting to UPI.