UPI) Transactions volume of Unified Payments Interface (UPI) rose to high high from 19.47 billion in July, an increase of 35 percent on an annual basis (YOY), according to data from National Payments Corporation of India (NPCI). The total UPI transaction value rose by 22 percent JoJ to RS 25.08 Lakh Crore in July.
On average, 628 million UPI transactions were carried out daily in July. In June a total of 18.40 billion transactions were carried out for an amount of £ 24.04 Lakh Crore using UPI.
According to Dilip Modi, Founder and CEO of Spice Money, the increase in UPI transaction volumes of small companies, local retailers and the last miles of customers who accept digital payments and reduce their dependence on cash.
“From nano-entrepreneurs to daily wage earners, more and more individuals are choosing UPI as their primary way of transaction, replacing the need for money through speed, safety and trust. With increasing digital literacy and increasing trust in India’s digital infrastructure are no longer just as;
Changes in UPI Ecosystem
The massive increase in UPI transactions has also caused peaks in banks and payments -apps IT system load, mandate disruptions and delayed reactions -especially during peak hours.
To tackle these concerns, the NPCI has introduced certain new guidelines that will change the way people currently use UPI. With effect from 1 August, the NPCI said that UPI users can check their account balance via UPI only 50 times per app per day. If necessary, UPI apps must have the option to limit or stop application requests for the balance check to reduce the load during peak hours. UPI apps will add the function to display the available balance after a successful transaction.
Furthermore, the function that has bank and payment apps, which reflects all linked bank accounts, now limits the “list account” API-IS now with 25 requests per user, per app, per day, to reduce unnecessary API tax on bank infrastructure.
It is important that recurring payment mandates for loans, mobile or cable charging or other goal are now only performed during designated non-peak time slots, and each mandate will be limited to a maximum of four total attempts.
Published on August 1, 2025
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