Overview

• UPI processed 19.47 billion transactions worth ₹25.08 trillion in July, up from 18.39 billion and ₹24.04 trillion in June.
• Average daily UPI volumes increased to 628 million in July from 613 million in June, underscoring continued growth in digital payments.
• NPCI’s rules effective August 1 cap balance checks at 50 daily requests, limit account-listing API calls, revise autopay slots, disable dormant IDs and enforce stronger verification for new accounts.
• FASTag transactions fell to 371 million in July from 386 million in June despite a 15% year-on-year gain, while IMPS volumes dipped 2% to 482 million even as value rose to ₹6.31 trillion.
• UPI now accounts for 85% of India’s digital transactions and is live in seven countries, extending real-time payment access to nanopreneurs and last-mile users.