Lok Sabha Question No. 3493 (UNSTARRED), answered on 2025-08-11
Subject: Data on Cross-Border UPI Transaction
Ministry: FINANCE
Asked by: Shri Rao Rajendra Singh, Shri Bidyut Baran Mahato, Dr. K Sudhakar, Shri Alok Sharma, Smt. Kamlesh Jangde, Shri Vishweshwar Hegde Kageri, Shri Dilip Saikia, Smt. Mahima Kumari Mewar, Shri Yogender Chandolia, Shri Lumbaram Choudhary, Smt. Kamaljeet Sehrawat, Dr. Bhola Singh, Shri Tejasvi Surya, Shri Dineshbhai Makwana

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO. 3493

ANSWERED ON MONDAY, AUGUST 11, 2025/ SRAVANA 20, 1947 (SAKA)

## DATA ON CROSS-BORDER UPI TRANSACTION

†3493. SHRI ALOK SHARMA:                                             SHRI VISHWESHWAR HEGDE KAGERI:

SHRI LUMBARAM CHOUDHARY:                        SHRI YOGENDER CHANDOLIA:

DR. BHOLA SINGH:                                                  SMT. MAHIMA KUMARI MEWAR:

SHRI DINESHBHAI MAKWANA:                           SHRI DILIP SAIKIA:

SHRI BIDYUT BARAN MAHATO:                          SMT. KAMLESH JANGDE:

DR. K SUDHAKAR:                                                   SMT. KAMALJEET SEHRAWAT

SHRI TEJASVI SURYA:                                            SHRI RAO RAJENDRA SINGH:

Will the Minister of FINANCE be pleased to state:

- (a) whether it is true that the Unified Payments Interface (UPI) has overtaken other payment systems in world's real-time payment systems and if so, the details thereof;
- (b) the list of countries where UPI payments are accepted and/or considering UPI as a payment option;
- (c) the  number  of  new  merchants  or  small  businesses  registered  on  the  UPI  platform  as  part  of Government initiatives to support/promote digital payments;
- (d) whether the Government has any data on the increase in cross-border UPI transactions since its inception;
- (e) the number of monthly transactions and the quantum recorded during the last five years in the country including Chhattisgarh; and
- (f) whether a relatively higher amounts of phishing and malware infiltration cases have been observed among those who regularly carry out UPI transactions and if so, the details thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

(a) & (b) Since its launch in 2016, Unified Payments Interface (UPI) has grown exponentially both in terms of transaction volume and value. In FY 2024 - 25, UPI has recorded a transactions volume of 18,587 crore and a transaction value of 261 lakh crore. Further, UPI has reached another milestone by recording 1,947 crore (i.e 19.47 billion) transactions in July 2025.

The  International  Monetary  Fund  (IMF)  report  on  'Growing  Retail  Digital  Payments  (The  Value  of Interoperability)' dated June 2025 had recognized UPI as the world's largest retail fast-payment system (FPS) by transaction volume.

The Government, Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) have been working towards linking UPI with the FPSs of other countries to facilitate cross-border payments. Presently, UPI is live in 7 countries i.e. UAE, Nepal, Bhutan, Singapore, Mauritius, France and Sri Lanka.

- (c) NPCI has informed that approximately 6.5 crore merchants including new merchant or small businesses have been registered on the UPI platform.
- (d) The details of cross-border UPI transactions is attached as Annexure-I.
- (e) The details of monthly transactions and the quantum recorded during the last five financial years is attached as Annexure-II.
- (f)  With  increasing  digitization  and  penetration  of  digital  transactions,  the  exposure  of  cyber  threats including phishing and malware infiltration to the bank and customer has increased. However, only social engineering  related  threats  have  been  observed  for  UPI.  The  Government,  RBI  and  NPCI  have  been undertaking various user awareness activities including sending short SMS, radio campaigns and publicity on prevention of cybercrime.

******

Details of UPI Cross-Border transactions

| Financial Year              | Volume   | Value (in Lakhs)   |
|-----------------------------|----------|--------------------|
| FY 2021-22                  | 180      | 0.03               |
| FY 2022-23                  | 144      | 0.04               |
| FY 2023-24                  | 37,060   | 1,970.00           |
| FY 2024-25                  | 7,55,445 | 25,853.00          |
| FY 2025-26 (till July 2025) | 6,01,002 | 16,929.00          |

Annexure-I

Month-wise UPI transactions during FY 2020-21 to FY 2024-25

| Month    | Volume (in Cr)   | Value (in Cr.)   |
|----------|------------------|------------------|
| Jun-2025 | 1,839.50         | 2,403,930.69     |
| May-2025 | 1,867.74         | 2,514,297.01     |
| Apr-2025 | 1,789.34         | 2,394,925.87     |
| Mar-2025 | 1,830.15         | 2,477,221.61     |
| Feb-2025 | 1,610.61         | 2,196,481.69     |
| Jan-2025 | 1,699.60         | 2,348,037.12     |
| Dec-2024 | 1,673.00         | 2,324,699.91     |
| Nov-2024 | 1,548.20         | 2,155,187.41     |
| Oct-2024 | 1,658.49         | 2,349,821.46     |
| Sep-2024 | 1,504.17         | 2,063,994.71     |
| Aug-2024 | 1,496.30         | 2,060,735.57     |
| Jul-2024 | 1,443.55         | 2,064,292.41     |
| Jun-2024 | 1,388.51         | 2,007,081.20     |
| May-2024 | 1,403.58         | 2,044,937.05     |
| Apr-2024 | 1,330.39         | 1,964,464.52     |
| Mar-2024 | 1,344.00         | 1,978,353.23     |
| Feb-2024 | 1,210.26         | 1,827,869.35     |
| Jan-2024 | 1,220.30         | 1,841,083.97     |
| Dec-2023 | 1,202.02         | 1,822,949.42     |
| Nov-2023 | 1,123.52         | 1,739,740.61     |
| Oct-2023 | 1,140.87         | 1,715,768.34     |
| Sep-2023 | 1,055.56         | 1,579,133.18     |
| Aug-2023 | 1,058.60         | 1,576,536.56     |
| Jul-2023 | 996.46           | 1,533,536.44     |
| Jun-2023 | 933.50           | 1,475,464.26     |
| May-2023 | 941.51           | 1,489,145.44     |
| Apr-2023 | 886.32           | 1,415,504.71     |
| Mar-2023 | 868.53           | 1,410,443.01     |
| Feb-2023 | 753.47           | 1,235,846.62     |
| Jan-2023 | 803.68           | 1,298,726.62     |
| Dec-2022 | 782.94           | 1,282,055.01     |
| Nov-2022 | 730.94           | 1,190,593.39     |
| Oct-2022 | 730.54           | 1,211,582.51     |
| Sep-2022 | 678.08           | 1,116,438.10     |
| Aug-2022 | 657.96           | 1,072,792.68     |
| Jul-2022 | 628.84           | 1,062,991.76     |
| Jun-2022 | 586.27           | 1,014,384.31     |
| May-2022 | 595.52           | 1,041,520.07     |
| Apr-2022 | 558.30           | 983,302.27       |
| Mar-2022 | 540.56           | 960,581.66       |

| Feb-2022   |   452.74 | 826,843.00   |
|------------|----------|--------------|
| Jan-2022   |   461.71 | 831,993.11   |
| Dec-2021   |   456.63 | 826,848.22   |
| Nov-2021   |   418.64 | 768,436.11   |
| Oct-2021   |   421.86 | 771,444.98   |
| Sep-2021   |   365.43 | 654,351.81   |
| Aug-2021   |   355.55 | 639,116.95   |
| Jul-2021   |   324.78 | 606,281.14   |
| Jun-2021   |   280.75 | 547,373.17   |
| May-2021   |   253.95 | 490,638.65   |
| Apr-2021   |   264.1  | 493,663.68   |
| Mar-2021   |   273.16 | 504,886.44   |
| Feb-2021   |   229.29 | 425,062.76   |
| Jan-2021   |   230.27 | 431,181.89   |
| Dec-2020   |   223.41 | 416,176.21   |
| Nov-2020   |   221.02 | 390,999.15   |
| Oct-2020   |   207.16 | 386,106.74   |
| Sep-2020   |   180.01 | 329,027.66   |
| Aug-2020   |   161.88 | 298,307.61   |
| Jul-2020   |   149.73 | 290,537.86   |
| Jun-2020   |   133.69 | 261,835.00   |
| May-2020   |   123.45 | 218,391.60   |
| Apr-2020   |    99.95 | 151,140.66   |

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