UPI Statistics By Growth And Usage (2026)

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UPI Statistics: The Unified Payments Interface (UPI) is one of India’s biggest digital payment innovations. Developed by the National Payments Corporation of India, it allows people to send and receive money instantly using a smartphone. With just a UPI ID, mobile number, or QR code, users can make secure payments anytime without entering bank account details. UPI has made online transactions faster, easier, and more convenient for individuals, businesses, and merchants.

Today, it is widely used for shopping, paying bills, booking tickets, and transferring money. By promoting cashless payments and improving financial access, UPI has transformed how people manage their daily transactions and has become an important part of India’s growing digital economy.

Editor’s Pick

• In June 2026, UPI processed 22.72 billion transactions worth Rs 28.92 lakh crore, slightly lower than May’s 23.20 billion transactions worth Rs 29.90 lakh crore.
• The total transaction value reached Rs 314 lakh crore from 2025-26, rising sharply from Rs 0.07 lakh crore in its first year.
• UPI processed 24,161.69 crore transactions from 2025-26.
• UPI infrastructure expanded from 216 banks in 2021 to 691 banks by January 2026.
• In May 2026, Indian UPI recorded a monthly transaction value of about USD 312.21 billion (around ₹26-27 lakh crore).
• PhonePe leads the UPI market with 45.5% of total transaction volume, processing over 9,400 million transactions.
• The number of banks actively live on UPI increased from 44 banks in FY 2016-17, the first year of operations, to 703 banks by FY 2025-26.
• India handles 49% of global real-time payments, meaning almost 1 in every 2 instant payments worldwide runs through UPI.
• With UPI Lite, users can make PIN-less payments up to ₹1,000 per transaction, with a daily transaction limit of ₹10,000 and a maximum wallet balance of ₹5,000.
• UPI fraud cases increased to about 6.32 lakh incidents, worth ₹485 crore, in FY2024-25.
• UPI is available across 8 countries: UAE, Singapore, France, Mauritius, Bhutan, Nepal, Sri Lanka, and Qatar.

Recent UPI Transaction Statistics

• A report published by Entrackr in June 2026 stated that UPI processed 22.72 billion transactions worth ₹28.92 lakh crore, averaging about 757 million transactions per day with a daily value of ₹96,405 crore.
• Compared with May 2026, transaction volume declined by 2.1%, and value fell by 3.3%, mainly because June had 30 days rather than May’s 31.
• Despite this, daily transactions increased from 748 million in May to 757 million in June. At the same pace, June would have reached around 23.47 billion transactions in a 31-day month, exceeding May’s record 23.20 billion transactions worth ₹29.90 lakh crore.
• Year-on-year, transaction volume grew 23%, while value increased 20%.
• In May 2026, PhonePe led the UPI market with 46.26% volume share and 49.06% value share, followed by Google Pay (32.75% and 33.54%) and Paytm (7.91% and 6.66%).

UPI Transaction Growth and Usage Statistics

(Reference: static.pib.gov.in)

• The total transaction value reached Rs 314 lakh crore from 2025-26, rising sharply from Rs 0.07 lakh crore in its first year.
• Transaction volume grew by 30.0% year-on-year, while value increased by 20.59%, as more users made smaller payments.
• In calendar year 2025, UPI handled around 22,000 crore transactions, averaging nearly 60 crore transactions per day.
• The average transaction value was about USD 1,300 equivalent in Rs terms for 2025-2026.
• Over the past decade, transaction volume expanded nearly 12,000 times.

UPI Key Performance Overview

• UPI processed 24,161.69 crore transactions from 2025-26.
• Transaction volume grew by 30.0% year-on-year, while total value increased by 20.59%.
• Daily usage averaged about 66 crore transactions in 2025, with a record 2,264 crore transactions in March 2026.
• Monthly value peaked at ₹29.53 lakh crore in March 2026.
• Network expansion is strong, with 703 banks live in 2026, up from 21 banks at launch in 2016.
• UPI now supports 85% share of India’s digital payments and around 49% of global real-time transactions, and is accepted in 8 countries, showing rapid global reach

UPI Infrastructure and Global Acceptance Growth

• According to pib.gov.in, UPI infrastructure expanded from 216 banks in 2021 to 691 banks by January 2026.
• In January 2026 alone, it handled 21.70 billion transactions worth ₹28.33 lakh crore.
• UPI is now accepted in 9 countries, including the UAE, France, and Cyprus, supporting international QR-based payments for travelers and diaspora users.

(Source: coinlaw.io)

• The scheme has expanded digital payment access points to about 5.80 crore, up from 4.77 crore in May 2025 and 5.45 crore in October 2025.
• Around 56.86 crore QR codes have been deployed under the scheme.
• These QR codes are widely distributed across tier-3 to tier-6 towns.

UPI Monthly and Quarterly Performance Update

• In June 2026, UPI processed 22.72 billion transactions worth Rs 28.92 lakh crore, which is lower than May’s 23.20 billion transactions worth Rs 29.90 lakh crore.
• Month-on-month, transaction volume fell by 2.1%, and value declined by 3.3%, mainly due to fewer calendar days in June (30 vs. 31 in May).
• Despite this, average daily transactions rose to 757.33 million, up from 748.45 million.
• The average daily transaction value stayed stable at around Rs 96,400 crore, almost unchanged from May.
• On a year-on-year basis, volume grew 23.48%, and value increased 20.30%.
• Average ticket size fell to Rs 1,272.89, down from Rs 1,288.87 in May and Rs 1,306.52 a year ago, and nearly 29% lower than January 2022 (Rs 1,802).
• In Q1 2027, UPI will handle 68.27 billion transactions worth Rs 87.85 lakh crore, higher than 54.97 billion transactions worth Rs 73.13 lakh crore in the same period last year.

UPI Transaction Volume

• World Trade Scanner further reported that UPI processed around 24,162 crore (241.62 billion) transactions in FY 2025-26, up sharply from 2 crore transactions in FY 2016-17, reflecting nearly 12,000x growth in ten years.worldtradescanner+1
• Daily, UPI handled about 66 crore (0.66 billion) transactions in 2025-26.
• Monthly volume peaked at about 23.2 billion transactions in May 2026.

UPI Transaction Value by Category, March 2026

UPI Usage in India

• In May 2026, UPI recorded a monthly transaction value of about USD 312.21 billion (around ₹26-27 lakh crore), according to IBEF.
• productgrowth.in data estimates for March 2026 show UPI processed nearly ₹25 lakh crore through 12-13 billion transactions, including 4-4.5 billion P2P and 8-8.5 billion P2M transactions.
• UPI now accounts for approximately 75%-85% of India’s retail digital payment volume, making it the country’s leading digital payment system.
• NPCI and the Government of India expect UPI to reach 1 billion transactions per day by FY2026-27, which could result in an annual volume of around 300-350 billion transactions if current growth continues.

Top UPI Apps by Market Share (October 2025)

• Oxigen Wallet further stated that PhonePe leads the UPI market with 45.5% of total transaction volume, with over 9,400 million transactions.
• It has also accounted for about 48% of the total transaction value, worth nearly ₹13 lakh crore, driven by strong merchant acceptance across retail, bills, and daily payments.
• Google Pay ranks second with 34.6% of transaction volume, handling around 7,166 million transactions.
• It accounts for about 35% of the total UPI value, amounting to roughly ₹9.5 lakh crore, supported by its simple Android- and Gmail-linked ecosystem.
• Paytm has a smaller 7.4% share of volume, with about 1,523 million transactions, but remains important in the ecosystem.
• It accounts for around 6.1% of the total value, amounting to about ₹1.67 lakh crore, and remains strong in QR payments, wallets, and tier-2 and tier-3 markets.

Emerging and Niche UPI Apps Overview

Expansion of UPI-Enabled Banks

• The number of banks actively live on UPI increased from 44 banks in FY 2016-17, the first year of operations, to 703 banks by FY 2025-26.

(Source: static.pib.gov.in)

• Person-to-person (P2P) transactions make up 63% of the total volume, while Person-to-merchant (P2M) transactions account for 37%.
• Around 86% of P2M transactions are below Rs 500.
• P2P  and P2M Transactions account for 71% and 29% of the total value, respectively.
• In P2P payments, 59% are below Rs 500, while 41% are above Rs 500.

India’s Role in Real-Time Payments

(Source: i.redd.it)

• India handles 49% of global real-time payments, meaning almost 1 in every 2 instant payments worldwide runs through UPI, far ahead of Brazil at 14%.
• Thailand accounts for 8% of global real-time payments, while China and South Korea contribute 6% and 3%, respectively.

UPI Lite Statistics and Adoption, 2026

• UPI Lite enables PIN-less, low-value payments using an on-device balance, with settlement to the bank later.
• According to Cleartax.in, users can make PIN-less payments up to ₹1,000 per transaction.
• Meanwhile, the daily transaction limit is ₹10,000, and the maximum wallet balance is ₹5,000.
• UPI Lite X, introduced by the RBI, enables offline payments without internet or mobile connectivity. It supports transactions of up to ₹500 per payment and ₹2,000 per day.
• UPI Lite does not require additional KYC and has no charges for money transfers or account closure.
• Payments below ₹1,000 are automatically processed via UPI Lite once it is activated.
• Users can link only one bank account, top up their wallet anytime, and any remaining balance is refunded to the linked bank account when UPI Lite is disabled.

UPI Fraud Trends and Risk Control Measures

• UPI fraud cases increased to about 6.32 lakh incidents, worth ₹485 crore, in FY2024-25, up from around 77,299-84,274 cases in FY2020-2021 and FY2021-2022.
• In FY2025-26 (till November), fraud cases rose further to about 10.64 lakh, worth ₹805 crore.
• NPCI has tightened controls by capping most P2P and merchant transactions at ₹1 lakh per day, with higher limits up to ₹10 lakh for select categories.
• New rules include real-time monitoring, stronger authentication, and alerts for unusual activity patterns.
• In October 2025, collect requests were removed, beneficiary names are now clearly shown, and AI tools, such as Mule detection systems, are being used.
• Future measures include stronger two-factor authentication and possible delays or safety checks for high-value transfers above ₹10,000.

Core UPI‑accepting countries

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UPI has changed the way people send and receive money in India. It is fast, easy, safe, and available anytime through mobile phones. It has made digital payments simple for everyone, from students to businesses. UPI has also helped reduce cash use and supports India’s digital growth.

With new features and wider use, UPI will continue to make online payments more convenient and play an important role in the future of digital banking.025 emphasises even more the critical role UPI plays in making India cashless.

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