UPI achieved a milestone in August 2025, surpassing 20 billion monthly transactions, totaling ₹24.85 lakh crore. This represents a significant year-on-year growth of 21% in value and 34% in volume. PhonePe, Google Pay, and Paytm led the market, with financial payments and essential goods driving transaction volume. UPI now constitutes 85% of India's digital transactions and is expanding globally.
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