India’s Unified Payments Interface (UPI) continued its rapid expansion in 2025-26, with the number of onboarded users reaching 55.49 crore as of June 2026, while transaction value touched a record ₹314.23 lakh crore during the financial year, according to information shared by the government in Parliament.
Minister of State for Finance Pankaj Chaudhary, in a written reply to the Lok Sabha on Monday, said UPI, operated by the National Payments Corporation of India (NPCI) under the Payment and Settlement Systems Act, 2007, has witnessed sustained growth in both transaction volume and value over the past five financial years.
According to the data, UPI processed 24,161.69 crore transactions worth ₹314.23 lakh crore in FY 2025-26, registering a sharp increase from 18,586.60 crore transactions valued at ₹260.56 lakh crore in FY 2024-25.
The government’s data shows that UPI transactions have grown consistently over the years. Transaction volume increased from 4,595.61 crore in FY 2021-22 to 8,371.44 crore in FY 2022-23, 13,112.95 crore in FY 2023-24, 18,586.60 crore in FY 2024-25 and 24,161.69 crore in FY 2025-26. During the same period, the value of transactions rose from ₹84.16 lakh crore to ₹139.15 lakh crore, ₹199.95 lakh crore, ₹260.56 lakh crore and ₹314.23 lakh crore, respectively.
The Finance Ministry said several measures have been introduced by the Government, the Reserve Bank of India (RBI) and the National Payments Corporation of India to strengthen the security and transparency of UPI transactions.
These initiatives include risk-based transaction limits to curb fraudulent transactions, safeguards against unauthorised mobile number changes and misuse of SMS-based authentication, as well as enhanced security requirements for UPI applications. NPCI has also introduced the Comprehensive UPI Information Security Framework (CUISF) 2025 and the Mobile Application Security Framework, mandating advanced security controls to improve the resilience and safety of the UPI ecosystem.
The Ministry also highlighted the growing international footprint of UPI through NPCI International Payments Limited (NIPL), a wholly owned subsidiary of NPCI established in April 2020 to take Indian payment platforms to global markets.
According to the Ministry, UPI is now linked with payment systems in several countries to facilitate Person-to-Merchant (P2M) transactions as well as Person-to-Person (P2P) remittances.
UPI-based merchant payments are currently operational in Bhutan, Singapore, the United Arab Emirates, France, Mauritius, Sri Lanka, Nepal, Qatar and Cambodia, while cross-border person-to-person remittance services are available with Singapore, Greece and Nepal through partner institutions.
The international expansion aims to enable Indian tourists and the Indian diaspora to make seamless cross-border digital payments while also helping partner countries develop real-time payment systems and domestic card payment infrastructure based on India’s digital payments model.
