Ø UPI transactions grow 24,162 Cr in
Volume and 314 lakh Cr in Value in FY 2025-26
Ø Government, RBI and NPCI take various
initiatives to make UPI-based transactions secure and transparent, which
include risk-based transaction limits to curb fraudulent transactions, enhanced
security requirements for UPI applications, among others
·
55.49 crore users were onboarded on the Unified
Payments Interface (UPI) platform as of June 2026.
·
In FY 2025–26, UPI recorded:
o
24,161.69 crore transactions (volume).
o
₹314.23 lakh crore in
transaction value.
·
UPI transaction growth over the last five years:
o
FY 2021–22: 4,595.61 crore transactions;
₹84.16 lakh crore.
o
FY 2022–23: 8,371.44 crore; ₹139.15 lakh
crore.
o
FY 2023–24: 13,112.95 crore; ₹199.95 lakh
crore.
o
FY 2024–25: 18,586.60 crore; ₹260.56 lakh
crore.
o
FY 2025–26: 24,161.69 crore; ₹314.23 lakh
crore.
·
NPCI International Payments Ltd. (NIPL) is
expanding UPI and RuPay globally to support cross-border payments and
help partner countries develop digital payment systems.
·
To improve security and transparency, the Government,
RBI, and NPCI have introduced:
o
Risk-based transaction limits.
o
Safeguards against unauthorized mobile number changes
and SMS misuse.
o
Enhanced security requirements for UPI apps.
o
Comprehensive UPI Information Security Framework
(CUISF) 2025 and Mobile Application Security Framework.
·
UPI is now linked with payment systems in 12
countries for Person-to-Person (P2P) and Person-to-Merchant (P2M)
transactions.
·
Countries where UPI is operational include Bhutan,
Singapore, UAE, France, Mauritius, Sri Lanka, Nepal, Qatar, Greece, and
Cambodia.
·
The information was provided by Minister of State
for Finance Pankaj Chaudhary in a written reply in the Lok Sabha.
[ABS News Service/21.07.2026]
The Unified Payments Interface (UPI)
is a payment system operated by National Payments Corporation of India (NPCI),
authorised under the Payment and Settlement Systems Act, 2007.
The NPCI has informed that there were
55.49 crore users onboarded on UPI platform as in June 2026. The details of UPI
transactions volume and value is given below:
UPI transactions during the last five financial years
|
Financial Year |
Volume (in Crore) |
Value (in lakh Crore) |
|
FY 2021-22 |
4,595.61 |
84.16 |
|
FY 2022-23 |
8,371.44 |
139.15 |
|
FY 2023-24 |
13,112.95 |
199.95 |
|
FY 2024-25 |
18,586.60 |
260.56 |
|
FY 2025-26 |
24,161.69 |
314.23 |
NPCI International Payments Ltd.
(NIPL) is a wholly owned subsidiary of NPCI, incorporated in April 2020 with
the objective of partnering with foreign entities to take various NPCI payment
platforms, such as UPI and the RuPay card scheme, to
international markets. This enables Indian tourists and the Indian diaspora to
make seamless cross-border payments while assisting partner countries and
entities in building their payment infrastructure, such as UPI-like real-time
payment systems or RuPay like domestic card schemes.
In order to make UPI-based
transactions secure and transparent, various initiatives have been undertaken
by the Government, RBI and NPCI from time to time. These, inter alia, include
risk-based transaction limits to curb fraudulent transactions, safeguards
against unauthorized mobile number changes and misuse of SMS-based
authentication, as well as enhanced security requirements for UPI applications.
Further, NPCI has issued the Comprehensive UPI Information Security Framework
(CUISF) 2025 and the Mobile Application Security Framework, mandating advanced
security controls to strengthen the safety and resilience of the UPI ecosystem.
UPI is linked with the payment
systems of various countries to facilitate Person-to-Person (P2P) remittances
and Person-to-Merchant (P2M) transactions. The details of these countries,
along with the respective partner institutions, is given below:
Countries using UPI along with Partner institutions
|
Sl. |
Country |
Live for |
Partner Institution |
Live since |
|
1 |
Bhutan |
P2M |
RMA Bhutan |
July 2021 |
|
2 |
Singapore |
P2M |
NETS Singapore Pte.
Ltd., HitPay Payment Solutions Pte.
Ltd., LiquidPay Group Pte.
Ltd. |
August 2021 |
|
3 |
UAE |
P2M |
Mashreq Bank PSC (NeoPay), Network International Magnati-Sole Proprietorship LLC |
April 2022 |
|
4 |
Singapore |
P2P |
BCS Paynow |
February 2023 |
|
5 |
France |
P2M |
LYRA Network |
February 2024 |
|
6 |
Mauritius |
P2M |
Bank of Mauritius |
February 2024 |
|
7 |
Sri Lanka |
P2M |
Lanka Pay Pvt. Ltd. |
February 2024 |
|
8 |
Nepal |
P2M |
FonePay Payment Services Ltd. |
March 2024 |
|
9 |
Qatar |
P2M |
Qatar National Bank |
September 2025 |
|
10 |
Greece |
P2P |
Eurobank S.A. |
May 2026 |
|
11 |
Nepal |
P2P |
Nepal Clearing House Limited (NCHL) |
June 2026 |
|
12 |
Cambodia |
P2M |
Acleda Bank PLC |
June 2026 |
This information was given by the
Minister of State in the Ministry of Finance Pankaj Chaudhary in a written
reply to a question in Lok Sabha on 20 July, 2026.