According to the NPCI data, Unified Payments Interface (UPI) processed an all-time high of 19.47 billion transactions worth Rs 25.08 lakh crore in July.
FinTech BizNews Service
Mumbai, 1 August 2025: According to the NPCI data, Unified Payments Interface (UPI) processed an all-time high of 19.47 billion transactions worth Rs 25.08 lakh crore in July. In this context, Mr. Dilip Modi, Founder & CEO of Spice Money, has shared useful insights on this significant development.
Mr. Dilip Modi, Founder & CEO of Spice Money, explains: “The Unified Payments Interface (UPI) continues to break barriers, clocking an all-time high of 19.47 billion transactions worth ₹25.08 lakh crore in July 2025. The 5.8% month-on-month rise in transaction volume and 4.3% growth in value signal not just greater digital adoption, but habitual usage across all segments including rural India.
This surge signals a critical shift in nanopreneurs, local retailers, and last-mile users are increasingly embracing digital payments, reducing their dependence on cash and gaining access to the formal financial ecosystem. As platforms like UPI evolve, they are becoming the digital backbone of an inclusive economy.
At Spice Money, we have witnessed first-hand how digital payments are transforming lives in the remotest parts of India. From nano-entrepreneurs to daily wage earners, more and more individuals are choosing UPI as their primary mode of transaction, replacing the need for cash with speed, safety, and confidence. With increasing digital literacy and rising trust in India’s digital infrastructure, services like UPI are no longer just enablers; they have become lifelines for small businesses, gig workers, and underserved communities across the country.”
