UPI Transactions Experience Minor Decline in September
UPI transactions in India processed 19.63 billion transactions valued at Rs 24.90 lakh crore in September.
UPI transactions in India processed 19.63 billion transactions valued at Rs 24.90 lakh crore in September.
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.
UPI crossed a milestone in August 2025 with 20.01 billion transactions worth Rs 24.85 lakh crore.
India’s UPI ecosystem saw PhonePe and Google Pay dominate with over 81% of total transactions in July.
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.
PhonePe and Google Pay maintained dominance in the UPI ecosystem in May 2025, processing billions of transactions.
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.