On an average, 628 million UPI deals were carried out daily in July|Image Credit: ALLEN EGENUSE J
Many Unified Payments Interface (UPI) deals are carried out to spend for groceries, dining establishments, mobile network expenses, and costs at filling stations, video gaming apps, and cigarette stores, to name a few, according to National Payments Corporation of India (NPCI) information.
The NPCI has, for the very first time, launched UPI information by merchant classification. According to the information, over 3 billion UPI deals totaling up to 64,882 crore were carried out at groceries and grocery stores in July. As lots of as 1.22 billion UPI deals were performed at junk food dining establishments, while 1.15 billion deals were performed at other consuming joints and dining establishments in July.
Worth sensible, many users picked UPI to spend for their loans, charge card and purchase now, pay later on expenses. In July, 93,857 crore of charges were settled utilizing UPI. With the brand-new, more granular information at hand, the NPCI can now think about launching the names of private merchants, specialists state, to show most significant recipients of absolutely no merchant discount rate (MDR) UPI design.
UPI deals volume increased to all-time high of 19.47 billion in July, up 35 percent year-on-year (y-o-y). General UPI deal worth increased 22 percent y-o-y to 25.08 lakh crore in July. On an average, 628 million UPI deals were carried out daily in July. In June, 18.4 billion deals, totaling up to 24.04 lakh crore, were carried out utilizing UPI.
Released on August 11, 2025
