New Delhi: Unified Payments Interface (UPI) continues to show strong growth, recording 19.47 billion transactions worth Rs 25.08 lakh crore in July this year. This marks a 35 per cent year-on-year (YoY) growth in transaction volume and a 22 per cent rise in transaction value.
The average daily transaction volume stood at 628 million, with a daily value of Rs 80,919 crore.
In comparison, June 2025 registered 18.40 billion transactions worth Rs 24.04 lakh crore, while May 2025 saw 18.68 billion transactions totalling Rs 25.14 lakh crore. The consistent upward trend highlights UPI’s expanding role in India’s digital payments ecosystem.
It should also be noted that starting on 1 August, today, the National Payments Corporation of India (NPCI) has implemented several new rules for UPI services to improve system efficiency and reduce load during peak hours.
It should be noted that these changes will apply across all digital payment platforms, including Paytm, PhonePe and Google Pay.
A major change is the cap on the number of daily bank balance checks via UPI apps. It should be understood that users can now check their account balance only up to 50 times a day. This move is expected to reduce the burden on backend APIs, especially during high traffic periods.
Furthermore, UPI apps will now display the updated account balance automatically after every transaction, making it easier for users to track their finances without needing to check manually.
Another important update is the restriction on processing scheduled bill payments. Auto-debits to merchants or OTT platforms will now only occur during off-peak hours before 10:00 am or after 9:30 pm, to ease system congestion.
Additionally, users will be able to retrieve bank account information linked to their mobile devices only 25 times per day. For pending transactions, users can check the status only three times and each check must be spaced at least 90 seconds apart.
These rules are aimed at enhancing the overall user experience and ensuring smoother transaction flow during busy hours. NPCI urges all UPI users to stay informed and adapt to these changes for uninterrupted service.
Additionally, reports indicate that following Yes Bank and Axis Bank, ICICI Bank is expected to begin charging payment aggregators (PAs) for UPI transactions starting 1 August. It was also stated that ICICI Bank plans to levy a ‘transaction handling fee’ on each UPI transaction routed through the bank.
