Nearly 55.5 crore users onboarded on UPI by June; FY26 transactions cross 24,161 crore: Centre
New Delhi, July 20
Nearly 55.49 crore users had been onboarded on the Unified Payments Interface platform as of June 2026, while UPI processed a record 24,161.69 crore transactions worth Rs 314.23 lakh crore during FY2025-26, the Centre informed Parliament on Monday.
The transaction volume has risen steadily over the past five financial years. UPI processed 4,595.61 crore transactions worth Rs 84.16 lakh crore in FY2021-22, followed by 8,371.44 crore transactions valued at Rs 139.15 lakh crore in FY2022-23, the minister of State for Finance Pankaj Chaudhary, in a written reply in the Lok Sabha.
In FY2023-24, transaction volume increased to 13,112.95 crore with a value of Rs 199.95 lakh crore, while FY2024-25 saw 18,586.60 crore transactions worth Rs 260.56 lakh crore.
The minister said NPCI International Payments Ltd. (NIPL), a wholly owned subsidiary of NPCI established in April 2020, is expanding India's digital payment ecosystem globally by partnering with foreign entities to deploy platforms such as UPI and the RuPay card scheme in international markets.
These partnerships enable Indian tourists and the Indian diaspora to make seamless cross-border payments while helping partner countries develop UPI-like real-time payment systems and domestic card payment infrastructure similar to RuPay.
The government, the Reserve Bank of India (RBI) and NPCI have also introduced several measures to strengthen the security and transparency of UPI transactions.
These include risk-based transaction limits to curb fraudulent transactions, safeguards against unauthorised mobile number changes and misuse of SMS-based authentication, along with enhanced security requirements for UPI applications.
NPCI has also issued the Comprehensive UPI Information Security Framework (CUISF) 2025 and the Mobile Application Security Framework, mandating advanced security controls to improve the safety and resilience of the UPI ecosystem.
The minister further informed the House that UPI has been linked with the payment systems of several countries to facilitate both person-to-person remittances and person-to-merchant transactions, further expanding the global footprint of India's flagship digital payments platform.
— IANS
Reader Comments
Impressive numbers but let's not ignore the elephant in the room - transaction failures and frauds. My mother had Rs 5,000 debited but the merchant never received it, and the grievance redressal took 45 days. The new security framework (CUISF) is welcome but customer experience needs equal focus. Speed without reliability isn't sustainable.
As someone who freelances for international clients, UPI's global expansion is a game-changer! Being able to receive payments from Singapore or UAE through UPI linkage saves me on wire transfer fees. But wish they'd cover more countries - I still have clients in Europe struggling to pay me. The RuPay card integration abroad is also a big plus.
Interesting to see India's digital payment trajectory. I'm from the US and we're still stuck with credit cards and paper checks in many places. The UPI ecosystem's interoperability is something even our banks haven't achieved. That said, the fraud risk is concerning - we saw similar issues with Zelle in the States. Digital payments need robust dispute mechanisms.
Waah! 55.5 crore users and 24,161 crore transactions - these are staggering numbers! But I'm more excited about the international linkages. Recently paid for my cab in Paris using UPI, and the merchant was amazed at how instant it was. The real win is for Indian students abroad - no more forex markup nightmares. More tie-ups with Southeast Asia please! 😄
Good to see security being taken seriously with the new framework.
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