Unified Payments Interface (UPI) transactions up 3% in August to 20 billion as festive demand lifts usage

Unified Payments Interface (UPI) transactions crossed 20.01 billion in August 2025, recording a 3% rise from 19.47 billion in July, according to the National Payments Corporation of India (NPCI). The surge reflects growing digital adoption, supported by the onset of the festive season and rising consumption. Daily transactions also climbed to 645 million in August compared to 628 million in July. In value terms, UPI processed Rs. 24,85,000 crore (US$ 281 billion) during the month, maintaining strong momentum compared to Rs. 25,08,000 crore (US$ 284 billion) in July. On a YoY basis, UPI transactions rose 34% in volume and 21% in value, underscoring its role as the primary mode of digital payments in India.
Complementing UPI’s performance, other digital payment platforms also saw healthy traction. FASTag transactions reached 382 million in August, up 3% from July, with values increasing 6% to Rs. 7,053 crore (US$ 800 million). Daily transactions stood at 12.32 million with a value of Rs. 228 crore (US$ 26 million). Aadhaar Enabled Payment System (AePS) transactions grew sharply, up 24% to 128.17 million in August, with transaction value increasing 22% to Rs. 32,329 crore (US$ 3.67 billion). Immediate Payment Service (IMPS) processed Rs. 5,98,000 crore (US$ 67.83 billion) through 477 million transactions. With consistent growth across platforms, India’s digital payments ecosystem continues to deepen, reflecting higher adoption across consumer and merchant segments. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.