<ul data-eligibleForWebStory="false"><li>India's Unified Payments Interface (UPI) saw 18.40 billion transactions in June 2025, slightly lower than May's peak of 18.68 billion, indicating a 32% year-on-year growth.</li><li>Total transaction value for June was INR 24.04 lakh crore, down 4.4% from May, with average daily transactions reaching 613 million and daily transaction value at INR 80,131 crore.</li><li>India retains a leading position in global digital payments, with over 35 crore UPI users and acceptance at select merchants in seven countries, underlining the ecosystem's global outreach.</li><li>Efficiency reforms by NPCI aim to improve UPI transaction speed, while speculation around potential merchant discount rate (MDR) on transactions above INR 3,000 raises industry concerns.</li></ul>

UPI Transactions See Slight Dip to 18.40 Billion in June; Year-on-Year Growth Remains Strong

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