UPI Sees Marginal Dip in June with 18.4 Billion Transactions
Unified Payments Interface (UPI), India’s flagship digital payments platform, witnessed a slight month-on-month dip in June 2025 following a record-breaking May. According to data from the National Payments Corporation of India (NPCI), UPI processed 18.40 billion transactions in June, totalling Rs 24.04 lakh crore, compared to 18.68 billion transactions worth Rs 25.14 lakh crore in May.
This represents a 1.5% decline in volume and a 4.4% drop in value on a monthly basis. However, on a year-on-year (YoY) scale, UPI continues its robust growth, with volume surging by 32% and transaction value rising 20%.
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Daily Averages Stay Resilient
Despite the monthly decline, daily usage patterns remained strong. The average daily transaction volume stood at 613 million in June, marginally higher than 602 million in May. Meanwhile, the average daily transaction value dipped slightly to Rs 80,131 crore from Rs 81,106 crore. The shorter calendar month may have contributed to this statistical adjustment.
Market Share: PhonePe Leads, Paytm Holds Ground
In terms of market share, PhonePe continued its dominance with 46.47% of total UPI transaction volume as of May, followed by Google Pay with 36.09%. Paytm remains the third-largest UPI player with a 6.84% share. New players such as Navi, super.money (Flipkart), and Fampay by Trio are also steadily gaining traction.
Also Read:- PhonePe, Paytm, Google Pay Users: UPI Transactions to Get Faster From June 16
UPI’s Global Footprint Expands
UPI’s international expansion continues to progress. The platform is already operational in Bhutan, Nepal, Mauritius, Sri Lanka, Singapore, France, Oman, and the UAE. Reports suggest that the NPCI is actively working to integrate UPI with additional countries, including Qatar, Thailand, Malaysia, and other Southeast Asian nations. The UK, Oman, and the Maldives have also shown interest in adopting the Indian digital payment infrastructure.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
