Graphic of the Day: UPI payments get smaller
The average value of a UPI transaction has dropped 16 percent since FY23, suggesting increased use for small-ticket payments
India’s UPI revolution is maturing. Average ticket size has declined 16 percent over two years, now at ₹1,402 in FY25. While volumes surge, the drop in value points to greater use for everyday low-ticket transactions—a sign of deepening digital adoption.
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