In August 2025, the Unified Payments Interface (UPI) processed 20.01 billion transactions, marking the first time it had ever surpassed the 20 billion monthly threshold. This was a significant milestone. During the month, UPI recorded transactions totaling Rs 24.85 lakh crore.
Key Highlights
- UPI monthly transactions surged past 20 billion in August 2025, hitting an unprecedented volume milestone.
- Average daily UPI value climbed to ₹90,446 crore in August, further underscoring UPI’s dominant digital payments role.
This accomplishment follows several months of consistent growth. UPI recorded 18.40 billion transactions totaling Rs 24.04 lakh crore in June 2025. The number of transactions increased significantly to 19.47 billion in July, up 5.8% from June, and the transaction value reached Rs 25.08 lakh crore.
August saw a 2.8% increase in UPI transactions over July, surpassing the 20 billion mark. The overall value remained comfortably above June's level even though it decreased by 0.9% from the previous month.
In August, UPI volumes increased 34% year over year, and transaction values increased 21%. The daily value was Rs 80,177 crore, and the average number of transactions increased to 645 million. On August 2, UPI also set a record by surpassing 700 million transactions in a single day.
This increase occurs even though real money gaming platforms, which formerly accounted for a sizable portion of UPI transactions, are now prohibited. Following the August 21 passage of the Promotion and Regulation of Online Gaming Bill, 2025 by Parliament, the majority of these platforms began to shut down.
The steady increase from 18.40 billion transactions in June to 20.01 billion in August highlights the increasing dependence on UPI for routine payments, including merchant transactions and peer-to-peer transfers, solidifying its status as the foundation of India's digital payments ecosystem.
In terms of volume, PhonePe (8.93 billion) held a dominant 45.88% share as of July, with Google Pay (6.92 billion) coming in second with 35.56%. PhonePe accounted for 48.64% of the Rs 25,08,498.09 crore total transaction value, while Google Pay made up 35.53%.
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With a volume of 3.03 billion (3,032 million) and a value of Rs 64,882 crore, groceries and supermarkets topped the list of merchant categories. Fast food came in second with 1.22 billion and restaurants with 1.15 billion UPI transactions. A total of 351.24 million transactions worth Rs 10,076 crore were recorded for digital goods and games, which also include real money gaming. NPCI has not yet released the August breakdown data.
