Unified Payments Interface (UPI) transactions recorded a marginal dip in June 2025, following an all-time high the previous month. Data from the National Payments Corporation of India (NPCI) shows that the platform handled 18.40 billion transactions totaling ₹24.04 lakh crore in June—down from May’s 18.68 billion transactions valued at ₹25.14 lakh crore.
This translates to a month-on-month decline of approximately 1.5% in transaction volume and 4.4% in value. However, compared to the same month last year, UPI transaction volumes jumped 32%, while transaction value increased by 20%.
Interestingly, the average daily transaction count in June rose slightly to 613 million from 602 million in May, likely due to the shorter month. Meanwhile, the average daily transaction value stood at ₹80,131 crore, marginally lower than May’s ₹81,106 crore.
PhonePe maintained its dominant position in the UPI ecosystem with a 46.47% market share, followed by Google Pay at 36.09%. Paytm continued as the third-largest player, handling 6.84% of total UPI volume.
Emerging platforms such as Navi, Flipkart’s super.money, and Fampay by Trio are also contributing to the growing ecosystem.
On the international front, UPI is now operational in countries including Bhutan, Nepal, Mauritius, Sri Lanka, Singapore, France, Oman, and the UAE. Looking ahead, NPCI is working to extend UPI’s reach to Qatar, Thailand, Malaysia, and other Southeast Asian nations. The UK, Oman, and the Maldives are also exploring or initiating UPI integration.
