UPI transactions in February declined to 16.11 billion from 16.99 billion in January 2025. IMPS transactions saw a 25 per cent year-on-year (YoY) decline in volume to 405 million, while AePS transactions remained steady at 94 million. FASTag transactions registered an 18 per cent YoY growth, increasing to 384 million from 380 million in January.