India’s digital payment system Unified Payments Interface (UPI) is set to mark its 10th anniversary on April 11, after growing 12,000-fold in volume and over 4,000 times in terms of value.
The payment system scaled from 17.86 million transactions worth Rs 6,952 crore in FY17 to 218.98 billion transactions amounting to nearly Rs 285 lakh crore in FY26, data from analytics firm Tracxn showed.
Transactions rose gradually in the initial years — to 915 million in FY18 and 5.39 billion in FY19 — before UPI entered the mainstream in FY20 facilitating 12.52 billion transactions worth over Rs 21 lakh crore.
The pandemic years accelerated adoption as volumes jumped to 22.33 billion in FY21 and 45.97 billion in FY22, and again it doubled to 83.75 billion transactions in FY23.
The payment app recorded 130.13 billion transactions in FY24 and 185.87 billion in FY25.
In 2025, UPI processed 228.5 billion transactions, marking a 33 per cent year‑on‑year increase, while total transaction value touched Rs. 299.74 trillion, another report said.
Merchant acceptance infrastructure expanded in 2025, with UPI QR codes increasing 15 per cent YoY to 731.38 million.
Point‑of‑sale terminals grew 15 per cent to 11.48 million. Bharat QR deployments eased slightly as the ecosystem consolidated around UPI-led acceptance models, the report said.
One‑month UPI transaction value stood at about Rs 28 lakh crore, roughly 70 per cent of the economy’s total currency stock, underscoring that digital payments volumes remain large relative to cash.
Meanwhile, India’s digital payments ecosystem saw a strong comeback in March 2026, with the UPI registering its highest-ever monthly transaction volume since its launch in 2016, according to data released by the National Payments Corporation of India.
UPI processed 22.64 billion transactions in March, marking a sharp rise from 20.39 billion transactions recorded in February. The March figure also surpassed the previous high of 21.70 billion transactions seen in January. On a year-on-year basis, transaction volumes grew by 24 per cent.
CWG 2026: Preeti, Jaismine, Sakshi, Sachin win as India rule boxing ring with seven gold
Indian boxing scripted history at the Commonwealth Games 2026 in Glasgow on Saturday by bagging seven gold medals — the highest-ever gold haul for the country in the competition.
Five NE states record below-normal monsoon rainfall in June-July despite widespread floods
Even as several Northeastern states were battered by heavy rains, floods and landslides during July, five of the region's eight states recorded below-normal monsoon rainfall so far due to weak rain-bearing systems over the Bay of Bengal, the absence of active monsoon troughs and the influence of El Nino, India Meteorological Department (IMD) officials said on Saturday.
Blood donation movement witnessing a renaissance in Tripura: CM
Chief Minister Prof. Dr. Manik Saha today said that there is currently a renaissance in the blood donation movement in the state. Along with creating a sense of spirituality through blood donation, a sweet bond is developed between the blood donor and the recipient.
Residents allege irregularities in Dharmanagar–Kailashahar road repair work, seek official inquiry
Allegations of irregularities have surfaced in the ongoing maintenance work on the Dharmanagar–Kailashahar road, with local residents claiming that the project is not being executed in accordance with the approved work order. They have urged the authorities to conduct a detailed investigation into the matter.
Sports Minister inspects construction of youth hostel in Kailashahar
Tripura Sports and Youth Affairs Minister Tinku Roy on Saturday inspected the ongoing construction of a 200-bed Youth Hostel at Ward No. 14 of the Kailashahar Municipal Council in Unakoti district. Senior officials of the concerned department accompanied the minister during the visit.
Infant found dead in well in North district
A pall of grief and shock has descended on North Gopalpur village in North Tripura district after the body of a 12-day-old baby girl was recovered from a well early on Saturday morning.
Ahmedabad to officially receive Commonwealth Games Flag, Host Baton at Glasgow closing ceremony
Ahmedabad's preparations to host the centenary edition of the Commonwealth Games will formally begin on Sunday when the city receives the Commonwealth Games flag and the Host Baton during the closing ceremony of the 2026 Commonwealth Games in Glasgow.
AGMC to be top medical, research centre in NE: Tripura CM
Tripura Chief Minister Manik Saha on Saturday said the state government is working relentlessly to transform the Agartala Government Medical College (AGMC) and Govind Ballabh Pant Hospital into one of the best medical education, research and super-speciality healthcare institutions in Northeast India, while strengthening the state’s overall healthcare ecosystem.