New Delhi, July 1. Transactions through the Unified Payments Interface (UPI) increased by 23 percent year-on-year in June, reaching 22.72 billion.
During this period, their value rose by 20 percent to ₹28.92 lakh crore. This information was provided in data released by the National Payments Corporation of India (NPCI) on Wednesday. On average, there were 75.7 crore UPI transactions per day in June, with an average daily transaction value of ₹96,405 crore.
In May, the number of UPI transactions was 23.20 billion, and their value was ₹29.90 lakh crore. On average, UPI processed about 74.8 crore transactions daily in May, with an average daily transaction value of approximately ₹96,465 crore. Launched ten years ago to connect the common man to the digital payment ecosystem, UPI now facilitates millions of transactions daily across India.
The number of UPI transactions was just 2 crore in the financial year 2016-17, which increased to over 24,162 crore in the financial year 2025-26. UPI is now available in more than eight countries, including UAE, Singapore, France, Mauritius, and Sri Lanka, strengthening India's presence in the global fintech sector. Following the recent launch of UPI in Greece, customers can now send money instantly, securely, and easily, with transaction costs significantly lower than traditional methods.
Last month, while discussing the future of payment systems in the United States, American lawmakers cited India's UPI as an example, illustrating how modern public payment infrastructure can promote innovation in the private sector. During this discussion, fintech companies urged Congress to make significant changes to the rules regarding access to the U.S. payment network. This comparison with India was made during a hearing of the 'House Financial Services Committee' on 'Financial Institutions', where lawmakers considered whether the U.S. should modernize its regulatory framework to allow eligible non-bank payment companies to access the Federal Reserve's payment infrastructure directly, rather than relying on traditional banking intermediaries.
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