Blitz Bureau
NEW DELHI: Nearly 55.49 crore users had been onboarded on the Unified Payments Interface (UPI) platform as of June 2026, while UPI processed a record 24,161.69 crore transactions worth Rs 314.23 lakh crore during FY2025-26.
The transaction volume has risen steadily over the past five financial years. UPI processed 4,595.61 crore transactions worth Rs 84.16 lakh crore in FY2021- 22, followed by 8,371.44 crore transactions valued at Rs 139.15 lakh crore in FY2022-23, said the Minister of State for Finance Pankaj Chaudhary, in a written reply in the Lok Sabha July 20. In FY2023-24, transaction volume increased to 13,112.95 crore with a value of Rs 199.95 lakh crore, while FY2024-25 saw 18,586.60 crore transactions worth Rs 260.56 lakh crore.
The Minister said NPCI International Payments Ltd. (NIPL), a wholly owned subsidiary of NPCI established in April 2020, is expanding India’s digital payment ecosystem globally by partnering with foreign entities to deploy platforms such as UPI and the RuPay card scheme in international markets. These partnerships enable Indian tourists and the Indian diaspora to make seamless cross-border payments while helping partner countries develop UPI-like real-time payment systems and domestic card payment infrastructure similar to RuPay.