UPI hits 76.3 crore daily transactions in July as FASTag usage dips 6%

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India's Unified Payments Interface recorded 2,366 crore transactions in July, reflecting strong year-on-year growth. The total value of UPI transactions for the month reached Rs 29.88 lakh crore, averaging 76.3 crore transactions per day. In contrast, NETC FASTag transactions declined by 6% compared to the same period last year. FASTag transaction value also fell from the previous month, signaling a dip in toll-based digital payments. The diverging trends highlight UPI's continued dominance in digital payments even as highway toll transactions lose momentum.

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