India, Sept. 8 -- The crackdown on real money gaming (RMG) has sent shockwaves across key sectors and industries in India, including a dent on UPI numbers.

According to NPCI data, the "Digital Goods: Games" merchant category saw 27.1 Cr transactions worth INR 7,441.1 Cr in August 2025, a decline of 23% and 26% respectively compared to July 2025.

Though this is not wholly made up of real money gaming payments, the segment drove significant volumes on UPI as we reported in the aftermath of the ban.

On a year-on-year basis, August 2025 saw a 11% decline from 30.3 Cr transactions last year, while the value plunged 36% from INR 11,615.3 Cr in August 2024.

From RMG-Powered Peaks To New Low

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