“Record-Breaking UPI Transactions: PhonePe and Google Pay Soar This August”
India's UPI crossed 20 billion transactions in August 2025, with PhonePe leading at 9.15 billion.
India's UPI crossed 20 billion transactions in August 2025, with PhonePe leading at 9.15 billion.
UPI transactions in August 2025 were led by debt collections, groceries, fuel, and utility payments.
India’s UPI network saw 18.4 billion transactions worth Rs 24.04 lakh crore in June, slightly lower.
UPI transactions slightly declined in June 2025 with 18.40 billion transactions worth Rs 24.04 lakh crore.
NPCI reported a 19% year-on-year increase in revenue, reaching Rs 3,270 crore for FY25.
Banks may soon monetize UPI transactions by charging large merchants a Merchant Discount Rate (MDR).
UPI reached 18.68 billion transactions in May 2025, a 4.4% MoM increase from April's 17.89 billion.
UPI registered 17.89 billion transactions in April, marking a 2.24% decline from March's 18.30 billion.
UPI recorded 18.30 billion transactions in March, a 13.6% increase from February's 16.11 billion.
The Indian government approved a scheme to encourage small merchants to use digital payments via BHIM-UPI.