UPI Transactions Surpass 20 Billion In August, 21 Per Cent YoY Growth In Financial Value

India’s digital payment ecosystem reached a major milestone in August 2025, with Unified Payments Interface (UPI) transactions surpassing 20 billion, according to data released by the National Payments Corporation of India (NPCI) on 1 September.

In terms of financial value, UPI transactions totaled Rs 24.85 lakh crore in August, slightly down from Rs 25.08 lakh crore in July, reported The Economic Times.

The highest monthly transaction value to date was recorded in May, at Rs 25.14 lakh crore. Despite the modest monthly dip, year-on-year growth remains robust, with transaction amounts rising 21 per cent from Rs 20.60 lakh crore in August 2024.

Transaction volume also saw a notable increase, with 20.01 billion UPI transactions in August, up 34 per cent from 14.9 billion during the same period last year. On average, daily UPI transactions reached Rs 80,177 crore, with around 645 million transactions processed each day, reflecting the growing integration of digital payments into everyday financial habits.

Dilip Modi, CEO of Spice Money, highlighted the milestone, saying, “Crossing the 20 billion mark in UPI transactions is a testament to the resilience of India's digital economy. The 34 per cent growth underscores 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.”

UPI now accounts for 85 per cent of all digital transactions in India and contributes nearly 50 per cent of global real-time digital payments. The interface operates in seven countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, and Mauritius. Its recent launch in France is expected to simplify cross-border transactions for Indians living or traveling abroad.

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