UPI completes 10 years as transaction volume jumps nearly 13,000-fold

Annual UPI transaction volume rose from 1.78 crore in FY17 to over 24,162 crore in FY26, while transaction value climbed to around ₹314 lakh crore

India’s Unified Payments Interface (UPI) has completed 10 years, emerging as the world’s largest real-time payment system. Annual UPI transaction volumes have surged from 1.78 crore in FY17 to more than 24,162 crore in FY26, an almost 13,000-fold increase.

 

Transaction value has also risen sharply, from ₹0.07 lakh crore in FY17 to around ₹314 lakh crore in FY26, marking nearly a 4,000-fold increase. UPI is currently operational in 11 countries.

 

GFX 1: UPI: STORY SO FAR		GFX 2: ANNUAL TRANSACTION VOLUME (In cr)			GFX 3: ANNUAL TRANSACTION VALUE (In lk cr)
Annual Transaction Volume (FY26)	24,162 cr	FY17	1.78		FY17	0.07
Annual Transaction Value (FY26)	₹314 lk cr	FY18	92		FY18	1
Daily Average Transactions (2026)	₹66 cr	FY19	535		FY19	9
Record Monthly Volume (July 2026)	2,366 cr	FY20	1,252		FY20	21
Record Monthly Value (July 2026)	₹29.88 lk cr	FY21	2,233		FY21	41
Banks Live on UPI (As on July 2026)	741	FY22	4,597		FY22	84
Share of UPI in India's Digital Payments	84% (FY26)	FY23	8,375		FY23	139
Share of Global Real-Time Volume	49% of World (2025)	FY24	13,116		FY24	200
Countries Accepting UPI	11	FY25	18,587		FY25	261
		FY26*	24,162		FY26*	314
		*Till July 31, 2026			*Till July 31, 2026

 

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Source: Ministry of Finance