Archive · 2 Oct 2025
UPI Transactions Dip in Volume, Rise in Value for September
In September, the number of UPI payments went down slightly compared to the month before, but the total amount of money spent using UPI went up a little.
Compared to last year, a lot more people are using UPI.
A Worldline executive noted this shows UPI is becoming more popular in both cities and the countryside, and that people and businesses are depending more on it to pay quickly, securely, and cheaply.
UPI transaction volume decreased by 2% in September.
Transaction value increased by 0.2% in September.
In July, the volume was seen at 19.47 billion, and value at Rs 25.08 trillion.
Yearly, UPI transactions were up 31% in volume and 21% in value against September 2024.
UPI's growth reflects its increasing use in urban and rural India.
- Who
- Consumers and Businesses
- What
- UPI transactions volume dipped by 2% but increased in value by 0.2% in September
- When
- September
- Where
- India
- Why
- To facilitate digital payments
Consumers
Businesses
Adoption of UPI
Consumers
Consumers are increasingly relying on UPI for fast, secure, and low-cost digital payments
Businesses
Businesses are increasing reliance on UPI for fast, secure, and low-cost digital payments
- UPI Transaction Volume (September)
- 19.63 billion
- UPI Transaction Value (September)
- Rs 24.9 trillion
- Monthly Volume Change
- Down 2%
- Monthly Value Change
- Up 0.2%
- Yearly Volume Growth
- Up 31%
- Yearly Value Growth
- Up 21%
Sources
UPI Sees 31% Transaction Count Growth At 19.63 Billion: NPCI
No Proposal To Levy Any Charge On UPI Payments: RBI Governor Sanjay Malhotra
No UPI fees for now, says RBI: Digital payments to stay zero cost under current rule
UPI to Remain Free For Now, RBI Governor Sanjay Malhotra Clears Speculations
Phones bought on credit to be locked on EMI default? RBI says...
