Overview
- UPI processed ₹24.03 lakh crore across 18.39 billion transactions in June, marking 32 percent year-on-year growth
- The platform now handles more than 640 million transactions daily, edging past Visa’s 639 million
- UPI connects 491 million users, 65 million merchants and 675 banks on a single interoperable network
- International rollout has expanded to seven countries, with France marking UPI’s first European deployment
- India is actively lobbying for UPI to become the cross-border payment standard within the BRICS bloc