India’s Unified Payments Interface (UPI) reached a new milestone in August 2025, crossing 20 billion monthly transactions for the first time, according to the National Payments Corporation of India (NPCI).
The total number of transactions stood at 20.01 billion, a 34 per cent increase from 14.9 billion in August 2024. In terms of value, UPI clocked ₹24.85 lakh crore, up 21 per cent from ₹20.60 lakh crore during the same period last year.
Although August’s figure was slightly lower than July’s ₹25.08 lakh crore, it stayed close to the all time high of ₹25.14 lakh crore recorded in May 2025.
The average daily transaction count in August was 645 million, while the average daily value reached ₹80,177 crore. These numbers highlight UPI’s expanding role in both small retail payments and large value transfers.
Commenting on the development, Dilip Modi, CEO of a digital finance company, said, “Crossing 20.01 billion UPI transactions in August 2025 is a remarkable milestone that reflects the depth and resilience of India’s digital economy. A 34 per cent 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.”
Currently, UPI accounts for around 85 per cent of all digital payments in India and contributes nearly 50 per cent of global real time digital transactions. The platform is now operational in seven countries including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, and Mauritius. Among these, France represents a key milestone as it is UPI’s first entry into Europe, allowing Indian travellers and residents to make seamless digital payments without the inconvenience of currency exchange or foreign bank charges.
NPCI, which is promoted by the Reserve Bank of India and the Indian Banks’ Association, serves as the umbrella body for retail payments and settlement systems across the country. Since its launch in 2016, UPI has become a cornerstone of India’s financial system, supporting peer to peer transfers, merchant transactions, government benefits, toll payments, and international remittances.
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