Overview
- The government released FY2025-26 data on Monday showing annual UPI volume topped 24,162 crore transactions and value reached about ₹314 lakh crore.
- Monthly activity set new highs in 2026 with 2,320 crore transactions in May and a peak of 2,366 crore in July valued at roughly ₹29.87–29.88 lakh crore.
- UPI’s network has broadened from 44 banks at launch to about 703 live banks in FY2025-26, with slightly higher live-bank counts reported in July 2026.
- The International Monetary Fund has recognised UPI as the world’s largest real-time payments system by transaction volume and the system now operates in 11 countries.
- Much of UPI’s growth comes from everyday small payments: 63% of volume is person-to-merchant and 86% of those merchant transactions were under ₹500 in FY2025-26.