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Below the Views on UPI Numbers hitting ATH in May, Crossed Rs 25 trn for the first time by Mr. Dilip Modi, Founder & CEO of Spice Money

“The record-breaking milestone of 18.68 billion UPI transactions worth ?25.14 trillion in May 2025 is a resounding testament to India’s growing digital payment ecosystem and the deepening trust in UPI as a preferred mode of transaction. Across urban centers and into the heart of India, digital finance is no longer aspirational,  it has become foundational. The scale and spread of adoption underscore a silent digital revolution underway, driven by accessibility, simplicity, and trust in the system.

At Spice Money, we are witnessing digital adoption on the back of our 1.5 million-strong Adhikari (non - bank business correspondents) network that are not just facilitating transactions, they are trusted enablers of financial inclusion across India. The increased UPI usage also underscores the urgent need for continued innovation in fraud prevention, customer education, and infrastructure readiness to sustain this growth responsibly.

We believe that empowering rural India with inclusive, and secure digital payment tools is key to achieving true financial inclusion. This milestone by UPI reflects a collective national effort, and Spice Money is proud to be playing a significant role in enabling Bharat to transact digitally with security and convenience.”

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