India’s UPI Transactions Reach 20 Billion in August 2025
India’s Unified Payments Interface (UPI) achieved a remarkable milestone by surpassing 20 billion transactions in August 2025. This achievement signifies the highest volume of transactions recorded in a month. PhonePe maintained its dominant position in the digital payments arena with a staggering 9.15 billion transactions, capturing a commanding 45.74% share in transaction volume and an impressive 48.26% share in transaction value, amounting to Rs 11.99 lakh crore.
According to data from NPCI, Google Pay came in second, holding a 35.30% share in transaction volume with 7.06 billion transactions, and a 35.55% share by value, which totals Rs 8.83 lakh crore. Both PhonePe and Google Pay achieved monthly transaction milestones of over 9 billion and 7 billion for the first time, respectively.
Paytm secured the third position, albeit far behind, with a 7.03% share in transactions, translating to 1.41 billion transactions, alongside a 5.77% share in transaction value at Rs 1.43 lakh crore. Recent trends indicate a slight decline in the combined market shares of these top three apps, dropping from 93.22% in January to just above 88% in July. The emergence of new UPI applications, combined with promotional offers and discounts, appears to be influencing this shift in customer preference.
Navi recorded a total of 504 million transactions, representing a 2.52% share by transactions, equivalent to Rs 25,397 crore. Meanwhile, CRED accounted for 150 million transactions, reflecting a 0.75% share by transactions, but managed a relatively strong 2.24% share by value due to higher-value payments processed. Other notable entries in the top 10 include Axis Bank Apps, BHIM, Amazon Pay, FamApp by Trio, and super.money, each holding less than a 1% share in transaction volume. Interestingly, super.money has now overtaken CRED in terms of transaction volume.
In August 2025, the leading categories for UPI spending were debt collection at Rs 77,007 crore, groceries at Rs 68,116 crore, and fuel at Rs 34,547 crore. Spending on digital goods, inclusive of gaming, experienced a drop of 26%, reaching Rs 7,441 crore following the ban on real money applications.
