UPI Achieves New Milestone: 20 Billion Transactions in August, Value Nears Rs 25 Lakh Crore

Upgraded 1 September 2025 at 13:50 IST

The Unified Payments Interface (UPI) has actually surpassed the 20 million month-to-month deal volume turning point in August, according to National Payments Corporation of India (NPCI), which is accountable for running UPI.

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UPI deals increase|Image: X

The Unified Payments Interface(UPI)has actually surpassed the 20 million month-to-month deal volume turning point in August, according to National Payments Corporation of India( NPCI ), which is accountable for running UPI.

The platform tape-recorded 20.01 billion deals in August 2025 as compared to 19.47 billion deals in July.

The overall deal volume for August stood at Rs 24.85 lakh crore, partially lower than the Rs 25.08 lakh crore tape-recorded in July 2025.

Almost 15 billion deals were processed by UPI in August 2024, with the platforms tape-recording a 33 %year-on-year(YoY)development.

Daily UPI deals had actually formerly crossed the 700 million mark for the very first time on August 2, 2025 and a couple of days later on the platform likewise processed 721 million deals.

The federal government has actually likewise set a greater target of one billion(100 crore )deals a day for UPI, which appears better, with the platforms set to accomplish it at some point next year, at the present rate of development.

Although the development has actually decreased as compared to current years, the variety of day-to-day deals has actually folded the last 2 years. In August 2023, UPI was signing up roughly 350 million deals a day, and throughout August in 2015, UPI saw almost 500 million day-to-day deals.

New UPI records information comes in the middle of increasing require a merchant discount rate (MDR) on merchant payments, which is the payment commission merchants require to pay to payment entities, consisting of banks.

In addition, in the period of the in 2015, fintech along with payment business’ associations have actually been asking for Centre to enforce a limited MDR for big merchants and high-value merchant deals.

While the federal government has actually decreased aids for UPI from around Rs 4,500 crore in FY24 to Rs 1,500 crore in FY25, it has actually not yet accepted the MDR need from the environment.

The Reserve Bank of India (RBI) just recently has actually voiced its assistance for the need of MDR on payment business.

Aspects such as the absence of monetisation and lower aids has actually likely required ICICI Bank to charge payment aggregators for helping with UPI payments. Couple of other banks have actually likewise been charging payment business numerous costs.

In July, UPI tape-recorded almost 19.5 billion deals worth over Rs 25 lakh crore. In August, the platform saw around 645 million deals in a day typically, worth around Rs 80,000 crore daily.

Besides one day, UPI had actually handled to cross 600 million everyday deals all throughout August. The platform typically processes more deals throughout the very first couple of days of the month, which start to decrease by the middle of the month.

UPI is India’s most commonly utilized digital payments entrance, with nearly 85% of retail digital deals being assisted in through it.