India’s digital payments engine continues to break its own records. Unified Payments Interface (UPI) transactions surged to an unprecedented 19.47 billion in July, marking the highest monthly volume ever recorded. This represents a 5.8 percent jump from June’s 18.40 billion transactions, when the platform briefly witnessed a dip.

UPI Clocked 35% YoY Growth in Transaction Count

According to the latest data released by the National Payments Corporation of India (NPCI), UPI’s transaction count grew a massive 35 percent on a year-on-year basis, highlighting the continued momentum in digital payment adoption across the country.

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Transaction Value Crosses INR 25 Lakh Crore

In terms of transaction value, July also saw a significant rise. UPI recorded transactions worth INR 25.08 lakh crore, a 4.3 percent increase over the INR 24.04 lakh crore processed in June. The surge in both volume and value suggests a growing preference for digital payment modes not just for everyday expenses but also for higher-value transactions.

Daily Usage on the Rise Too

Breaking it down further, the average daily transaction count in July stood at a staggering 682 million, up from 613 million in the previous month. The average daily transaction value reached INR 80,919 crore, showcasing both scale and frequency in UPI usage across urban and rural India.

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Back-to-Back Milestones

Interestingly, this new record comes just two months after UPI had touched its previous peak in May with 18.68 billion transactions. July’s numbers not only recover from June’s dip but also set the bar even higher, pointing to robust user engagement and a maturing digital payments ecosystem.