The glory of Digital India! UPI broke its record, crossed the 70 crore mark, and everyone's eyes are now on 100 crores

India has created a new history in the field of digital payments. On August 2, 2025, a record 70.7 crore transactions were done in a single day through UPI. This figure has proved to be a major milestone in the direction of the country's rapidly growing digital acceptance and cashless economy.

India has achieved another historic milestone in the direction of Digital India, yes, the Unified Payments Interface (UPI) has crossed the mark of more than 70 crore transactions in a day for the first time. According to the latest data from the National Payments Corporation of India (NPCI) on August 2, 2025, 70.7 crore transactions were recorded, which is the largest daily transaction record so far.

Transactions of the past year

In the last few years, UPI has completely transformed the Indian digital payment ecosystem. Yes, where there were 35 crore transactions per day in August last year, it has now more than doubled to 70 crore. Although this growth is considered slower than before, but it is still a very important milestone.

The government has now set a target of 100 crore daily transactions for UPI. However, experts believe that at the current pace, this target can be achieved by next year.

New demand raised regarding MDR

Let us tell you that along with the tremendous success of UPI, fintech companies and payment associations are demanding that Merchant Discount Rate (MDR) should be re-implemented on UPI transactions. These organizations say that if the government implements limited MDR on major merchants and high value transactions, then this system can become more sustainable.

At present, UPI transactions are completely free for the common user, and its cost is borne by the government by giving subsidy to banks and other related institutions. But this year the government has reduced this subsidy from 4500 crores to only 1500 crores, due to which questions are being raised on the sustainable financial position of this system.

RBI's warning also came to the fore

Recently, RBI Governor Sanjay Malhotra said that it is necessary to make the UPI interface financially sustainable. He says that "someone will bear this entire cost, be it the government or the users."

It is worth noting that in December 2019, the government waived MDR on RuPay debit card and BHIM-UPI, which helped small merchants to adopt digital payments.

UPI's dominance at the global level

UPI has now overtaken global payment giant Visa as well. Yes, in July 2025, there were 19.5 billion transactions worth about Rs 25 lakh crore, that is, an average of 650 million transactions every day and the total value has been around ₹ 83,000 crores.

Currently, 85% of all digital payments in India and about 50% of the total real-time payments in the world are done through UPI. UPI is showing a growth of 5-7% every month and 40% growth annually, making it the most trusted digital payment instrument of the future. (Input-INS)

FAQ

Q1. How many transactions has UPI recorded in a day?

A1. On August 2, 2025, UPI recorded 70.7 crore transactions in a day, which is the highest number till date.

Q2. By which organization has this figure been released?

A2. This data has been released by the National Payments Corporation of India (NPCI).

Q3. What is the average daily transaction value of UPI?

A3. On an average, transactions worth more than ₹83,000 crore are done daily through UPI.

Q4. What percentage of digital payments in India are made through UPI?

A4. About 85% of all digital payments in India are made through UPI.

Q5. Does the government charge any fee on UPI transactions?

A5. No, currently UPI transactions are free for users and the government bears the cost through subsidies.