Today, UPI accounts for 85 per cent of all digital transactions in India. Its impact goes beyond national borders, powering nearly 50 per cent of global real-time digital payments.
India's digital payment landscape has achieved a significant new milestone as the number of transactions via the Unified Payments Interface (UPI) has surpassed 20 billion in August 2025, National Payments Corporation of India (NPCI) data released on September 1 showed.
In terms of financial value, UPI transactions amounted to Rs 24.85 lakh crore in August, a slight decline from Rs 25.08 lakh crore recorded in July.
Notably, the highest value transaction to date was in May, reaching Rs 25.14 lakh crore.
Despite this monthly dip in value, the year-on-year growth remains impressive. UPI transaction amounts have surged by 21 per cent compared to Rs 20.60 lakh crore in August of the previous year.
As for transaction volume, August 2025 saw 20.01 billion UPI transactions, a substantial 34 per cent increase from the 14.9 billion transactions during the same month last year.
This pattern reflects a broader acceptance of digital payment methods beyond urban centres, as rural areas increasingly adopt these technologies.
On average, UPI transactions in August saw a daily total of Rs 80,177 crore, with approximately 645 million transactions processed each day. The consistency indicates that digital payments are becoming an ingrained part of financial behaviour for millions of Indians.
Dilip Modi, CEO of Spice Money, told news agency PTI that crossing the 20 billion mark in UPI transactions is a testament to the resilience of India’s digital economy. He underlined the remarkable 34 per cent growth and highlighted the expanding reach of digital payments into rural regions.
What began as an urban phenomenon is now a vital component of life in rural Bharat, Modi said.
Not only has UPI transformed the domestic payment landscape, but its influence is also being felt internationally. UPI now accounts for an astonishing 85 per cent of all digital transactions in India and contributes to nearly 50 per cent of global real-time digital payments.
The interface is operational in seven countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France and Mauritius. Its recent launch in France has been hailed as a significant breakthrough, allowing Indians living or travelling there to conduct transactions without the usual complications associated with foreign payment systems.
NPCI operates under the aegis of the Reserve Bank of India (RBI) and the Indian Banks' Association.
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In terms of financial value, UPI transactions amounted to Rs 24.85 lakh crore in August, a slight decline from Rs 25.08 lakh crore recorded in July.
Notably, the highest value transaction to date was in May, reaching Rs 25.14 lakh crore.
Despite this monthly dip in value, the year-on-year growth remains impressive. UPI transaction amounts have surged by 21 per cent compared to Rs 20.60 lakh crore in August of the previous year.
As for transaction volume, August 2025 saw 20.01 billion UPI transactions, a substantial 34 per cent increase from the 14.9 billion transactions during the same month last year.
This pattern reflects a broader acceptance of digital payment methods beyond urban centres, as rural areas increasingly adopt these technologies.
On average, UPI transactions in August saw a daily total of Rs 80,177 crore, with approximately 645 million transactions processed each day. The consistency indicates that digital payments are becoming an ingrained part of financial behaviour for millions of Indians.
Dilip Modi, CEO of Spice Money, told news agency PTI that crossing the 20 billion mark in UPI transactions is a testament to the resilience of India’s digital economy. He underlined the remarkable 34 per cent growth and highlighted the expanding reach of digital payments into rural regions.
What began as an urban phenomenon is now a vital component of life in rural Bharat, Modi said.
Not only has UPI transformed the domestic payment landscape, but its influence is also being felt internationally. UPI now accounts for an astonishing 85 per cent of all digital transactions in India and contributes to nearly 50 per cent of global real-time digital payments.
The interface is operational in seven countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France and Mauritius. Its recent launch in France has been hailed as a significant breakthrough, allowing Indians living or travelling there to conduct transactions without the usual complications associated with foreign payment systems.
NPCI operates under the aegis of the Reserve Bank of India (RBI) and the Indian Banks' Association.
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