The Unified Payments Interface (UPI) continued its rapid expansion, with 55.49 crore users onboarded as of June 2026, reinforcing India's position as a global leader in digital payments. According to the National Payments Corporation of India (NPCI), UPI processed 24,161.69 crore transactions worth Rs. 314.23 lakh crore (US$ 3.56 trillion) in FY26, registering sustained growth over the past five financial years. Transaction volumes increased from 4,595.61 crore in FY22 to 24,161.69 crore in FY26, while transaction value rose from Rs. 84.16 lakh crore (US$ 1.13 trillion) in FY22 to Rs. 314.23 lakh crore (US$ 3.56 trillion) in FY26. The Government, the Reserve Bank of India (RBI) and NPCI have strengthened the security and transparency of the UPI ecosystem through initiatives such as risk-based transaction limits, safeguards against unauthorised mobile number changes, enhanced security requirements for UPI applications and the implementation of the Comprehensive UPI Information Security Framework (CUISF) 2025.
India has also expanded the global reach of its digital payment infrastructure through NPCI International Payments Limited (NIPL), enabling seamless cross-border Person-to-Person (P2P) remittances and Person-to-Merchant (P2M) transactions. UPI is now operational across 12 international payment partnerships spanning Bhutan, Singapore, the UAE, France, Mauritius, Sri Lanka, Nepal, Qatar, Greece and Cambodia, supporting Indian travellers, businesses and the diaspora while helping partner countries develop real-time payment systems. The continued expansion of UPI, supported by robust security frameworks and international collaborations, is expected to accelerate digital financial inclusion, strengthen India's Digital Public Infrastructure and enhance the country's leadership in global digital payments.
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