India's monthly UPI transactions approach 10 billion in July:- www.deekpay.com

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　　The article presents the latest data released by the National Payments Corporation of India (NPCI), stating that the Unified Payments Interface (UPI) reached a new record of close to 10 billion (9.96 billion) transactions in July, with the value of the transactions reaching Rs. 1,534 trillion, which is an increase compared to the previous month. The article also mentioned:

　　- In June, UPI's trading volume declined to Rs 1.475 trillion from Rs 1.489 trillion in May and the number of transactions fell to 9.34 billion from 9.41 billion.

　　- In terms of market share, PhonePe leads with over 47%, followed by Google Pay (35%) and Paytm (13%). Fintech platforms CRED and Amazon Pay ranked fourth and fifth, respectively.

　　- Last August, for the first time, the share of person-to-merchant (P2M) payments surpassed that of person-to-person (P2P) payments and has remained in the lead, but the figures for July are yet to be finalised.

　　- NPCI CEO Dilip Asbe said payment interface penetration, which is currently at just 10%, is expected to potentially grow 10-fold over the next few years and could reach 1bn daily UPI transactions by 2025.

　　- The Government of India plans to take UPI global to promote tourism and ease of travelling abroad. UPI has already been rolled out in Bhutan, Nepal, Singapore and France and may be rolled out in North America and the Middle East in the future.