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Informative

August marks all-time high UPI transactions for PhonePe and Google Pay

Update / Judgement Date

09 Sept 2025

Source

Entrackr

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingFinancial Management

August has marked an all-time high for "UPI transactions" for both "PhonePe and Google Pay." The move is a significant step towards a more user-friendly and less intrusive tax environment, is aimed at promoting tax compliance while being sensitive to the practical difficulties faced by businesses. This is a crucial reminder to all businesses that they must be diligent in their dealings.