The Unified Payments Interface (UPI) network processed over 20 billion transactions in August 2025, marking the first time monthly transactions have crossed this threshold. The total value of transactions during the month reached Rs 24.85 lakh crore, according to data from the National Payments Corporation of India (NPCI).
PhonePe continued to lead in transaction volume with an estimated 9.6 billion transactions, followed by Google Pay at 7.4 billion and Paytm at 1.6 billion. In terms of transaction value, PhonePe held a 48.64 per cent share, Google Pay contributed 35.53 per cent, and Paytm accounted for around 8.5 per cent.
Other platforms in the top five included Navi, which processed around 406 million transactions, and CRED, with approximately 219 million transactions. On average, UPI handled over 645 million transactions per day in August.
Analysis of UPI data indicates that payments were dominated by financial services and essential goods. Debt and securities payments accounted for the highest transaction value, with debt collection agencies leading at Rs 77,007 crore.
Consumer spending was robust in groceries and supermarkets, amounting to Rs 68,116 crore. Other key sectors included payments to securities brokers, telecommunications, and utilities, reflecting UPI’s growing integration into daily financial activities.
-IANS
