New Delhi, August 1: The scope of digital payments in India continues to expand. According to data released by the National Payments Corporation of India (NPCI) on Saturday, the number of transactions made through the Unified Payments Interface (UPI) in July 2026 increased by 22% year-on-year, reaching 23.66 billion. The total value of these transactions rose by 19% to ₹29.88 lakh crore.
During July, an average of 763 million UPI transactions occurred daily, with an average daily transaction value of ₹96,383 crore.
In June 2026, there were 22.72 billion UPI transactions, reflecting a 23% increase year-on-year. The total value for June was ₹28.92 lakh crore, with an average of 75.7 crore transactions per day and a daily average transaction value of ₹96,405 crore.
According to the government, there has been a consistent and rapid increase in UPI transactions over the past five financial years.
In the financial year 2021-22, there were 4,595.61 crore UPI transactions valued at ₹84.16 lakh crore. This number rose to 8,371.44 crore transactions and a total value of ₹139.15 lakh crore in the financial year 2022-23.
In the financial year 2023-24, UPI recorded 13,112.95 crore transactions worth ₹199.95 lakh crore. The number further increased to 18,586.60 crore transactions and a total value of ₹260.56 lakh crore in the financial year 2024-25.
Finance Minister Pankaj Chaudhary informed the Lok Sabha last month that NPCI International Payments Limited (NIPL), established in April 2020 as a wholly-owned subsidiary of NPCI, is partnering with various countries to expand India’s digital payment system globally.
These partnerships enable Indian tourists and Indians residing abroad to make cross-border digital payments easily. Additionally, partner countries are receiving assistance in developing real-time payment systems like UPI and domestic card payment systems like RuPay.
Currently, UPI is available in more than eight countries, including the United Arab Emirates (UAE), Singapore, France, Mauritius, and Sri Lanka, strengthening India’s presence in the global fintech sector.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.