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UPI transaction growth
National · 5 updates
UPI reaches new milestone with highest-ever transaction value of Rs 29.88 lakh crore
India's UPI platform achieved its highest monthly transaction value ever. In July, transaction volumes also reached a new record high. The platform processed billions of transactions, surpassing previous records. This sustained growth strengthens India's digital payment ecosystem significantly. UPI is also expanding its global footprint across several countries.
UPI processed 2,366 crore transactions in July, showing significant year-on-year growth. NETC FASTag transactions declined by 6% compared to the previous year. The value of UPI transactions rose to Rs 29.88 lakh crore in July. NETC FASTag transaction value also saw a decrease from the prior month. UPI handled an average of 76.3 crore transactions daily in July.
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