In terms of value, most users chose to pay for their loans, credit card and ‘buy now, pay later accounts’. | Photocredit: Allen Egenuse J
In a First, Unified Payments Interface (UPI) transaction volume, the 20 billion overrun in August 2025, according to data from National Payments Corporation of India (NPCI).
A total of 20.01 billion transactions, for an amount of £ 24.85 Lakh Crore, were registered in August. The transaction volume increased by 34 percent on a year to year (yo-y), while the UPI transaction value increased by 21 percent in August. On average, 645 million UPI transactions were carried out daily in August.
“A growth of 34 percent JoJ and steady growth of the month in the month show that although digital payments have started as an urban trend, they are now quickly catching in the India countryside and becoming a way of living for millions,” said Dilip Modi, CEO, Spice Money.
Loans, credit card
In July, 19.47 billion transactions, for an amount of £ 25.08 Lakh Crore, were carried out using UPI. Furthermore, most UPI transactions were carried out in July to pay for groceries, restaurants, mobile network account and accounts on service stations, gaming apps. According to the data, more than 3 billion UPI transactions of £ 64,882 crore were carried out at groceries and supermarkets in July. No fewer than 1.22 billion UPI transactions were carried out in fast food restaurants, while in July 1.15 billion transactions were carried out when eating joints and restaurants.
In terms of value, most users chose to pay for their loans, credit card and ‘buy now, pay later accounts’. Maharashtra was at the top of the list of most UPI users in the country in July, while Karnataka and Uttar Pradesh were second and third in the list respectively.
Published on September 1, 2025
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