New Delhi, Sep 3
India’s real-time digital payment system Unified Payments Interface (UPI) recorded 20.01 billion transactions in August 2025, fuelled primarily by festive demand, advancements in technology, and policy changes, a report said on Wednesday.
The report in India Narrative stated that a seasonal uptick in consumer spending, especially with early festive demand, led to a 34 per cent year-on-year surge and a 3 per cent month-on-month surge in UPI transactions in August.
Further, the Indian government and RBI have promoted UPI adoption through incentives, regulatory support, and ongoing expansion of features such as UPI credit and improved interoperability, all of which have contributed to the surge, the report added.
In August, UPI processed Rs 24.85 lakh crore ($281 billion) through it with an average of 645 million daily transactions.