UPI goes global: Cross-border transactions grow 20-fold in a year

Cross-border UPI transactions rose 20 times to 7.55 lakh in FY25, with expansion to seven countries and over 1.5 million merchants accepting the platform

Cross-border Unified Payments Interface (UPI) transactions are gaining momentum with the real-time payments system expanding globally.

 

These transactions grew more than 20 times to over 755,000 in FY25 from just 37,060 payments in FY24. In the first four months of FY26 alone, it clocked 601,000 transactions, data showed.

 

In FY24, the value of such transactions was recorded at ₹19.7 crore, growing multifold to ₹258.53 crore in FY25. As of July of FY26, the transactions processed on cross-border UPI were recorded at ₹169.29 crore. 

 

In comparison, cross-border UPI transactions recorded a modest 180 and 144 payments in FY22 and FY23 respectively