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Upi transactions in August: According to data released by the National Payment Corporation of India (NPCI) on Monday, the Unified Payments Interface (UPI) crossed 20 billion transactions for the first time in its history. The number of UPI transactions in August reached 20.01 billion figures, which shows a 2.8 percent increase compared to the July 19.47 billion. On an annual basis, this is an increase of 34 percent.

In terms of price, UPI recorded transactions of Rs 24.85 lakh crore during August, which is 24 percent higher than the previous year. In addition, according to NPCI data, the average daily transaction number increased to 64.5 crore, which was recorded at 62.8 crores in July. However, the average daily transaction price in August was Rs 80,177 crore, which was Rs 80,919 crore in July.

Record of 70 crores in a day

UPI had earlier set a record of more than 70 crore transactions in a single day on August 2. This achievement has been achieved after the continuous increase in the last few months. In August, this bounce was seen despite the ban on real money gaming platform. In June, 18.40 billion transactions worth Rs 24.04 lakh crore were done from UPI. The following month, it increased by 5.8 percent rapidly and reached 19.47 billion transactions, reaching the value of the transaction to Rs 25.08 lakh crore.

Maharashtra leads in digital payment

According to the latest data from SBI Research, Maharashtra was a rush in digital payments with a 9.8 percent stake in July alone, followed by Karnataka with 5.5 percent stake and Uttar Pradesh with 5.3 percent. The report said that the share of the total value transactions, Peer-to-CRINT (P2M) transaction has increased from just 13 percent in June 2020 to 29 percent in July 2025. During the same period, volume stake has increased from 39 percent to 64 percent, which reflects a strong increase in digital payments and financial inclusion.

Digital payments are increasing rapidly in India

Under the leadership of UPI Digital payment Rapid growing, which is much higher than the number of cash in circulation (CIC). monthly average UPI transaction 24,554 billion rupees, while the monthly average growth of CIC during April-July 2025 is 193 billion rupees. There are around 300 major traders category codes and NPCI has started with only 29 major MCC.