UPI July record: ₹29.9 lakh crore, 23.66B transactions

"UPI continues to strengthen the foundation of India's digital payments ecosystem," PayNearby MD and CEO Anand Kumar Bajaj said. He added that building trust and ease of use at the grassroots level will be critical to turning digital-adoption growth into broader financial inclusion.

The service is now active in about ten countries, including the UAE, Singapore, France and Qatar, according to NPCI data. International expansion supports remittances and positions India's payment rails as a global benchmark.

NPCI, an umbrella organization for retail payments under the Reserve Bank of India, runs UPI for real-time peer-to-peer and merchant transactions. The July figures extend a run of monthly records that underscores deepening adoption among Indian consumers and businesses.