India’s Unified Payments Interface (UPI) continues its remarkable growth trajectory, recording a robust 25 per cent year-on-year increase in transaction volume during April. According to data released by the National Payments Corporation of India (NPCI), the total number of UPI transactions crossed 22.35 billion during the month. The aggregate value of these transactions also climbed by 21 per cent, reaching Rs 29.03 lakh crore.
The daily transaction metrics reflected sustained momentum. Average daily UPI transactions rose to 745 million in April, up from 730 million recorded in March. Similarly, the average daily transaction value increased to Rs 96,766 crore, compared to Rs 95,243 crore in the preceding month. These figures underscore the deepening penetration of digital payments across the country.
The Immediate Payment Service (IMPS) platform also registered steady growth. In April, IMPS recorded 362 million transactions with a total value of Rs 7.01 lakh crore, marking a 13 per cent rise compared to the corresponding period of the previous year. On a daily basis, IMPS averaged 12 million transactions, reinforcing the system’s reliability and widespread utility.
March 2026 remains the highest-ever monthly record for UPI, with 22.64 billion transactions processed since its launch in 2016. The platform’s international footprint is expanding steadily and is now available across more than eight countries, including the United Arab Emirates, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, and Qatar.
This global outreach is strengthening India’s position as a leader in the digital payments landscape while boosting remittance flows and promoting financial inclusion. India’s digital payment ecosystem has witnessed an extraordinary transformation over the past decade, with transaction volumes growing nearly 12,000-fold, as per Ministry of Finance data.
Launched on April 11, 2016, by the NPCI under the aegis of the Reserve Bank of India, UPI has become the backbone of the nation’s digital payment infrastructure. From a modest 20 million transactions in the financial year 2016-17, UPI volumes have skyrocketed to over 24,162 crore in FY 2025-26. The total transaction value has surged from Rs 0.07 lakh crore to approximately Rs 314 lakh crore, representing over 4,000-fold growth.
