What is the story about?
The Unified Payments Interface (UPI), India’s flagship real-time digital payments system managed by the National Payments Corporation of India (NPCI), crossed the 20 billion monthly transaction mark in August.
According to NPCI data, UPI processed 20.01 billion transactions in August, compared with 19.47 billion in July.
In terms of value, the platform handled ₹24.85 lakh crore, slightly lower than ₹25.08 lakh crore in July.
On a yearly basis, UPI transactions registered a 33% increase from nearly 15 billion in August 2024. Earlier in the month, the platform also crossed the 700 million daily transaction mark for the first time on August 2, and subsequently processed a record 721 million transactions in a single day.
Commenting on the milestone, Dilip Modi, Founder & CEO of Spice Money, said, “A 34% year-on-year surge and steady month-on-month growth show that while digital payments may have started as an urban trend, they are now rapidly catching on in rural Bharat and becoming a way of life for millions.”
He added that UPI’s scale is not only driving inclusivity but also building transaction records that could enable underserved communities to access credit, insurance, and savings products.
Sharing his
perspective, Ramakrishnan Ramamurthy, Chief Delivery and Operations Officer – India, Worldline, noted, “The beginning of the festive season and increase in consumption reflects in the growth of UPI volumes over July. The drive and penetration of UPI as the primary digital payment option continues to drive adoption and continuous overall growth.”
UPI, launched in 2016, has become the backbone of India’s digital payments ecosystem, enabling instant money transfers through mobile devices.
According to NPCI data, UPI processed 20.01 billion transactions in August, compared with 19.47 billion in July.
In terms of value, the platform handled ₹24.85 lakh crore, slightly lower than ₹25.08 lakh crore in July.
Empowering your financial transactions with easy, safe & instant money transfers through UPI. Time to stay #AlwaysForward. #UPI #DigitalPayments@GoI_MeitY I @_DigitalIndia I @RBI I @dilipasbe I @UPI_NPCI pic.twitter.com/dyQduszXjX
— NPCI (@NPCI_NPCI) September 1, 2025
On a yearly basis, UPI transactions registered a 33% increase from nearly 15 billion in August 2024. Earlier in the month, the platform also crossed the 700 million daily transaction mark for the first time on August 2, and subsequently processed a record 721 million transactions in a single day.
Commenting on the milestone, Dilip Modi, Founder & CEO of Spice Money, said, “A 34% year-on-year surge and steady month-on-month growth show that while digital payments may have started as an urban trend, they are now rapidly catching on in rural Bharat and becoming a way of life for millions.”
He added that UPI’s scale is not only driving inclusivity but also building transaction records that could enable underserved communities to access credit, insurance, and savings products.
Sharing his
UPI, launched in 2016, has become the backbone of India’s digital payments ecosystem, enabling instant money transfers through mobile devices.
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