UPI’s annual transaction volume surged nearly 13,000-fold to over 24,162 crore in FY 2025-26, Ministry of Finance data showed. Transaction value also rose sharply, while the number of banks on the platform increased to 703 during the decade
UPI accounted for 85.5 per cent of India’s digital payment transaction volume in H2 2025, according to the RBI. While RTGS dominated transaction value, India’s digital payments ecosystem recorded massive growth over the last decade, driven by smartphones and cashless infrastructure
India’s UPI is set to complete 10 years on April 11, witnessing exponential growth in transactions and value. The platform recorded record monthly volumes in March 2026, highlighting the continued expansion of the country’s digital payments ecosystem
