Overview

• UPI processed over 650 million transactions daily in July, surpassing Visa’s average of 639 million.
• It handles 18 billion transactions monthly and accounts for 84% of India’s retail digital payments.
• The open interoperable framework enables seamless cross-bank and cross-app transfers, fueling competition and innovation among app developers.
• NPCI licensing deals have extended UPI services to seven countries and will introduce them in Namibia by year-end.
• Maharashtra topped state-wise usage with 6.58 billion transactions in the first quarter of FY2025-26.