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UPI records highest ever monthly transactions at 21.63 Bn in December

EntrackrEntrackr · 8d ago
UPI records highest ever monthly transactions at 21.63 Bn in December
Medial

UPI records highest ever monthly transactions at 21.63 Bn in December. Unified Payments Interface processed 21.63 billion transactions in December 2025, the highest monthly transaction count ever recorded on the platform, with a 29% year on year rise in volumes, according to data released by the National Payments Corporation of India. In value terms, UPI transactions stood at Rs 27.97 lakh crore. The platform handled an average of 698 million transactions per day, while the average daily transaction value was Rs 90,217 crore. On a month on month basis, transaction volumes increased from 20.47 billion in November, while transaction value rose from Rs 26.32 lakh crore. In November, UPI had reported 32% YoY growth in volumes and 22% growth in value, with December surpassing all previous months in terms of transaction count. UPI’s continued scale up has been driven by strong adoption across everyday consumer spends and merchant payments. November data showed higher activity across categories such as groceries, food services, telecom and fuel, indicating deeper penetration of digital payments in routine transactions. App wise data for December is yet to be released. However, November figures showed PhonePe strengthening its leadership position, while Google Pay saw a marginal dip in market share. Paytm remained the third largest player, with smaller apps such as Navi, super.money, Cred and BHIM accounting for an increasing share of overall transaction volumes.

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UPI transactions near 17 Bn in January

EntrackrEntrackr · 11m ago
UPI transactions near 17 Bn in January
Medial

UPI transactions near 17 Bn in January The Unified Payments Interface (UPI) recorded 16.99 billion transactions worth Rs 23.48 lakh crore in January, reflecting a 39% year-on-year growth in transaction volume and a 28% increase in transaction value. On a monthly basis, UPI saw a 1.55% growth in volume and nearly a 1% rise in value, compared to 16.73 billion transactions worth Rs 23.25 lakh crore in December. According to data released by the National Payments Corporation of India (NPCI), the average daily transaction count stood at 548 million. PhonePe currently leads the UPI market with a 47.7% share of transaction volume, followed by Google Pay at 36.7% and Paytm at 6.87%. This market share distribution is unlikely to change soon, as NPCI has extended the compliance timeline for Third-Party App Providers (TPAPs) exceeding the UPI volume cap. The new deadline has been extended by two years, until December 31, 2026. Meanwhile, NPCI has lifted the user onboarding limit for WhatsApp Pay, allowing the platform to offer UPI services to its entire user base across India. Recently, NPCI Chief Dilip Asbe disclosed that approximately 450 million users are currently utilizing UPI, with around 200 million daily active users. He emphasized the need for substantial support from the Reserve Bank of India (RBI), the government, and the broader financial ecosystem to explore strategies for onboarding an additional 200-300 million users onto the UPI platform.

UPI processes 20.47 Bn transactions in November

EntrackrEntrackr · 1m ago
UPI processes 20.47 Bn transactions in November
Medial

UPI processes 20.47 Bn transactions in November This marks the third time since its launch that UPI has crossed 20 billion monthly transactions, the earlier instances being in October and August this year. Unified Payments Interface recorded 20.47 billion transactions in November 2025, slightly below the 20.70 billion transactions reported in October, according to fresh data from NPCI. Despite the marginal month-on-month decline, UPI transactions grew 32% year on year. In terms of value, UPI reported Rs 26.32 lakh crore in November compared to Rs 27.28 lakh crore in October. While the annual growth rate stood at 22%, the monthly dip points to a mild cool off after October which was driven by festival-related spending. Average daily transactions rose to 682 million, while the average daily transaction value stood at Rs 87,721 crore, slightly below October which reported Rs 87,993 crore. In October, PhonePe continued to dominate the ecosystem with 9.4 billion UPI transactions, well ahead of Google Pay and Paytm. NPCI has not yet released the UPI app-wise distribution for November. UPI, launched by NPCI in 2016, has expanded steadily beyond India through NPCI International to enable merchant payments and cross-border transactions. It is already live in countries such as Singapore, UAE, Bhutan, Nepal, France, Sri Lanka, and Mauritius, with more overseas partnerships currently under rollout. Recently, the Reserve Bank of India said that UPI will be interlinked with TARGET Instant Payment Settlement, the instant payment system operated by the Eurosystem.

UPI crosses 20 Bn monthly transactions for first time in August

EntrackrEntrackr · 4m ago
UPI crosses 20 Bn monthly transactions for first time in August
Medial

News: UPI crosses 20 Bn monthly transactions for first time in August The Unified Payments Interface (UPI) crossed a major milestone in August 2025 by processing 20.01 billion transactions, the first time it has ever breached the 20 billion monthly mark. In terms of value, UPI recorded transactions worth Rs 24.85 lakh crore during the month. This milestone comes on the back of steady growth over the past few months. In June 2025, UPI clocked 18.40 billion transactions worth Rs 24.04 lakh crore. The following month, July, saw a sharp rise to 19.47 billion transactions, a 5.8% increase from June, with the transaction value climbing to Rs 25.08 lakh crore. In August, UPI transactions crossed the 20 billion mark, posting a 2.8% increase over July. While the total value slipped by 0.9% from the previous month, it still stayed comfortably higher than June’s level. On a year-on-year basis, UPI volumes surged 34%, while the value of transactions jumped 21% in August. The average daily transaction count climbed to 645 million, and the daily value stood at Rs 80,177 crore. UPI also achieved a record of crossing 700 million transactions in a single day on August 2. This surge comes despite the ban on real money gaming platforms, which used to make up a significant share of UPI transactions. Most of these platforms started shutting down after Parliament passed the Promotion and Regulation of Online Gaming Bill, 2025 on August 21. The consistent rise from 18.40 billion transactions in June to 20.01 billion in August underscores the growing reliance on UPI for everyday payments, from peer-to-peer transfers to merchant transactions, cementing its position as the backbone of India’s digital payments ecosystem. As of July, PhonePe (8.93 billion) accounted for a commanding 45.88% share in terms of volume, followed by Google Pay (6.92 billion) with 35.56%. Of the total transaction value of Rs 25,08,498.09 crore, PhonePe held 48.64%, while Google Pay contributed 35.53%. In terms of merchant categories, groceries and supermarkets led UPI transactions with 3.03 billion (3,032 million) in volume and Rs 64,882 crore in value, followed by fast food at 1.22 billion and restaurants at 1.15 billion. Digital goods and games, which also include real money gaming, registered 351.24 million transactions worth Rs 10,076 crore. The breakup data for August is yet to be published by NPCI.

August marks all-time high UPI transactions for PhonePe and Google Pay

EntrackrEntrackr · 4m ago
August marks all-time high UPI transactions for PhonePe and Google Pay
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August marks all-time high UPI transactions for PhonePe and Google Pay India’s Unified Payments Interface (UPI) crossed 20 billion transactions in August 2025, marking its highest monthly volume ever. PhonePe continued to lead the digital payments market with 9.15 billion transactions, holding a 45.74% share by transaction volume (9.15 billion) and 48.26% by value (Rs 11.99 lakh crore). According to NPCI data, Google Pay followed with a 35.30% share by transactions (7.06 billion) and a 35.55% share by value (Rs 8.83 lakh crore). For the first time, PhonePe and Google Pay crossed the 9 billion and 7 billion monthly transaction milestones, respectively. Paytm retained the distant third spot with a 7.03% share by transactions (1.41 billion transactions) and a 5.77% share by value (Rs 1.43 lakh crore). The trend also suggests that the combined market share of the top three apps, PhonePe, Google Pay, and Paytm, has declined from 93.22% in January to a little over 88% in July. The entry of new UPI apps along with discounts and promotional offers could be driving this customer shift. Navi registered 504 million transactions (2.52% share by transactions) worth Rs 25,397 crore, while CRED accounted for 150 million transactions (0.75% share by transactions) but a relatively strong 2.24% share by value owing to higher ticket size payments. Axis Bank Apps, BHIM, Amazon Pay, FamApp by Trio, and super.money rounded out the top 10, each holding less than 1% share by transactions. Notably, super.money surpassed CRED in terms of transaction volume. In August 2025, UPI spending was led by debt collection at Rs 77,007 crore, groceries at Rs 68,116 crore, and fuel at Rs 34,547 crore. Digital goods including gaming fell 26% to Rs 7,441 crore after real money app bans.

PhonePe records 9.4 Bn UPI transactions in October

EntrackrEntrackr · 1m ago
PhonePe records 9.4 Bn UPI transactions in October
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PhonePe and Google Pay continue to dominate UPI based customer initiated transactions in October. The two apps together accounted for close to 80% of the total volume and value processed through the top 10 apps during the month. PhonePe led the chart with 9,412.07 million (9.4 billion) transactions which gives it a market share of 45.47% by volume. In terms of value, it processed Rs 13,06,401.90 crore contributing 47.88% to the total value of Rs 27,27,790.68 crore. Google Pay followed with 7,165.80 million (7.1 billion) transactions with a 34.62% share by volume. It processed Rs 9,54,186.10 crore in value which translates to a 34.98% share. For context, UPI saw an all time high of 20.7 billion monthly transactions in October, surpassing its previous record of 20.1 billion in August. Paytm was a distant third with 1,522.78 million (1.5 billion) transactions which gives it 7.36% share by volume. It processed Rs 1,67,177.27 crore in value or 6.13% of the total. Navi recorded 574.30 million transactions and a market share of 2.77% by volume while super money had 264.79 million transactions or 1.28%. While Navi saw a 9% increase in volume, Super.money recorded only a 3% increase in monthly transactions. Among the smaller players, CRED processed 157.99 million transactions but contributed a relatively higher 2.29% share of the total value at Rs 62,438.03 crore. BHIM and Amazon Pay recorded 125.70 million and 94.32 million transactions respectively with less than 1% share each. According to NPCI data, UPI spending in October was led by groceries and supermarkets with 3,273.16 million transactions worth Rs 76,073 crore. Fast food outlets saw 1,357.89 million transactions worth Rs 16,798 crore, while restaurants logged 1,190.63 million transactions valued at Rs 20,842 crore. Telecom services recorded 867.86 million transactions amounting to Rs 22,169 crore, and service stations saw 657.36 million transactions with a high outlay of Rs 38,072 crore, highlighting UPI’s dominance across essential and everyday spends. Digital gold also emerged as a notable category, rising to 115.95 million transactions worth Rs 2,290.36 crore in October from 103.19 million transactions worth Rs 1,410 crore in September.

UPI records marginal dip in June with 18.4 Bn transactions

EntrackrEntrackr · 6m ago
UPI records marginal dip in June with 18.4 Bn transactions
Medial

UPI records marginal dip in June with 18.4 Bn transactions This reflects a month-on-month (MoM) dip of around 1.5% in volume and 4.4% in value. On a year-on-year (YoY) basis, UPI volumes in June grew 32%, while the transaction value rose 20%. After hitting an all-time high in May, Unified Payments Interface (UPI) transactions slightly declined in June 2025 in both volume and value. According to data released by the National Payments Corporation of India (NPCI), the platform processed 18.40 billion transactions worth Rs 24.04 lakh crore in June, compared to 18.68 billion transactions worth Rs 25.14 lakh crore in May. This reflects a month-on-month (MoM) dip of around 1.5% in volume and 4.4% in value. On a year-on-year (YoY) basis, UPI volumes in June grew 32%, while the transaction value rose 20%. The average daily transaction count stood at 613 million in June, slightly higher than 602 million in May, while the average daily transaction value was marginally lower at Rs 80,131 crore compared to Rs 81,106 crore in the previous month. The higher daily average in June is likely due to the fewer number of days in the month compared to May. As of May, PhonePe retained its lead with a 46.47% share of the total UPI volume, followed by Google Pay with a 36.09% market share. Paytm is the third-largest UPI player with a 6.84% share of the UPI volume. New entrants like Navi, Flipkart’s super.money, and Fampay by Trio are also making notable contributions to the overall UPI volume. Besides India, UPI is currently live in Bhutan, Nepal, Mauritius, Sri Lanka, Singapore, France, Oman, and the UAE. According to media reports, NPCI is also aiming to expand UPI to additional countries, including Qatar, Thailand, Malaysia, and other Southeast Asian nations, while the UK, Oman, and the Maldives have shown interest or are in the early stages of integration.

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