UPI completes 10 years as transaction volume jumps nearly 13,000-fold | Finance News
India’s Unified Payments Interface (UPI) has completed 10 years, emerging as the world’s largest real-time payment system. Annual UPI transaction volumes have surged from 1.78 crore in FY17 to more than 24,162 crore in FY26, an almost 13,000-fold increase.
Transaction value has also risen sharply, from ₹0.07 lakh crore in FY17 to around ₹314 lakh crore in FY26, marking nearly a 4,000-fold increase. UPI is currently operational in 11 countries.
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GFX 1: UPI: STORY SO FAR |
GFX 2: ANNUAL TRANSACTION VOLUME (In cr) |
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GFX 3: ANNUAL TRANSACTION VALUE (In lk cr) |
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Annual Transaction Volume (FY26) |
24,162 cr |
FY17 |
1.78 |
|
FY17 |
0.07 |
|
Annual Transaction Value (FY26) |
₹314 lk cr |
FY18 |
92 |
|
FY18 |
1 |
|
Daily Average Transactions (2026) |
₹66 cr |
FY19 |
535 |
|
FY19 |
9 |
|
Record Monthly Volume (July 2026) |
2,366 cr |
FY20 |
1,252 |
|
FY20 |
21 |
|
Record Monthly Value (July 2026) |
₹29.88 lk cr |
FY21 |
2,233 |
|
FY21 |
41 |
|
Banks Live on UPI (As on July 2026) |
741 |
FY22 |
4,597 |
|
FY22 |
84 |
|
Share of UPI in India’s Digital Payments |
84% (FY26) |
FY23 |
8,375 |
|
FY23 |
139 |
|
Share of Global Real-Time Volume |
49% of World (2025) |
FY24 |
13,116 |
|
FY24 |
200 |
|
Countries Accepting UPI |
11 |
FY25 |
18,587 |
|
FY25 |
261 |
|
|
|
FY26* |
24,162 |
|
FY26* |
314 |
|
|
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*Till July 31, 2026 |
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*Till July 31, 2026 |
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Source: Ministry of Finance
First Published: Aug 24 2026 | 4:41 PM IST
