SBI Report: UPI Transactions Surged in 2025

Current Context: On 18 August 2025, SBI’s Economic Research Department released the report titled SBI Ecowrap – UPI Transactions Surge in 2025.

• It highlighted a sharp rise in UPI usage, with daily transaction value reaching ₹90,446 crore in August, up from ₹75,743 crore in January.
• Daily volume surged to 675 million transactions, reflecting deeper digital adoption across India.
• Maharashtra emerged as the top state in UPI usage, contributing 9.8% of total volume and 9.2% of value.
• SBI led as the top remitter bank with 5.2 billion transactions, while Yes Bank was the top beneficiary bank.
• The report emphasized UPI’s dominance, accounting for 91% of retail digital payments in India.

Question:

Q.1 Which Indian state topped in Unified Payments Interface (UPI) usage as per the SBI Ecowrap – UPI Transactions Surge in 2025?
a) Uttar Pradesh
b) Maharashtra
c) Karnataka
d) Gujarat

Answer: b) Maharashtra contributed 9.8% of UPI transaction volume and 9.2% of value, making it the top state.