New Delhi : The Unified Payments Interface (UPI) network hit a historic milestone in August 2025, processing over 20 billion transactions, the first time it has crossed this threshold in a single month. The total transaction value stood at ₹24.85 lakh crore, reflecting the growing adoption of digital payments across India.
PhonePe led the transaction volume with 9.6 billion transactions, followed by Google Pay at 7.4 billion and Paytm with 1.6 billion. Market share in terms of transaction value mirrored this trend, with PhonePe contributing 48.64%, Google Pay 35.53%, and Paytm about 8.5% of the total.
Other platforms, including Navi and CRED, recorded notable activity, processing 406 million and 219 million transactions, respectively. On average, the UPI network handled more than 645 million transactions daily, showing the seamless integration of digital payments in everyday life.
Spending trends indicate that financial payments and essential goods dominated UPI usage. Debt and securities payments topped the charts with ₹77,007 crore, while grocery and supermarket payments accounted for ₹68,116 crore. Payments to securities brokers, telecom operators, and utilities also contributed significantly, highlighting UPI’s role in both discretionary and necessary spending.
Experts note that the steady growth in UPI transactions underscores India’s shift toward a cashless economy, with users increasingly relying on mobile-based payments for convenience and security. The milestone also reflects the continued dominance of PhonePe and Google Pay in shaping the nation’s digital payment ecosystem.
With the number of UPI-enabled devices and users rising, the NPCI expects the growth trend to continue, setting the stage for higher transaction volumes and expanded adoption of AI-driven and value-added payment services in the coming years.
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