India, Oct. 1 -- After touching a fresh all-time high in August, the number of UPI transactions declined 2.5% to 19.6 Bn in September from 20.1 Bn in August.

On a YoY basis, the number of transactions surged 31% from 15 Bn transactions recorded in September 2024.

In terms of value, the number remained flat at INR 24.9 Lakh Cr last month compared to INR 24.85 Lakh Cr in August. However, this number grew 21% YoY from INR 20.6 Lakh Cr.

The average daily transaction volume rose 1.4% to 654 Mn in September from 645 Mn in August.

While the overall numbers for September are out, the National Payments Corporation of India (NPCI) generally releases the app-wise data for the previous month by the 10th of next month.

In August, PhonePe and Goog...