UPI Transactions Ease From Record High to Rs 28.9 Lakh Cr in June

New Delhi: Transactions through the popular Unified Payments Interface (UPI) moderated from a record high in June, with the total transaction value standing at Rs 28.9 lakh crore, according to data released by the National Payments Corporation of India (NPCI). UPI transactions had touched an all-time high of Rs 29.9 lakh crore in May 2026.

As per the data released on Wednesday, UPI transactions in volume terms stood at 22.72 billion in June, down from 23.2 billion recorded in the previous month. However, on a year-on-year basis, both transaction value and volume registered strong growth. The value of transactions rose to Rs 28.9 lakh crore in June from Rs 24.03 lakh crore in the same month last year, marking a 20 per cent annual increase. Transaction volume also increased from 18.3 billion in June 2025 to 22.72 billion in June 2026.

“While the UPI volume for June has decreased month-on-month, the month’s daily average of 757 million transactions is the highest-ever recorded since the launch of UPI. These daily averages tell a very interesting story of how UPI has become the default mode of payment for low-value transactions,” Reeju Datta, Co-Founder, Cashfree Payments, said.

According to Spice Money CEO Dilip Modi, the June UPI numbers are significant not just because transactions crossed 22.7 billion, but because they reflect the pace at which India’s digital payments ecosystem has expanded over the past year. In just 12 months, UPI volumes have grown by over 4.3 billion transactions and nearly Rs 5 lakh crore in value, underscoring the increasing trust and dependence on digital payments across the country, he said.

UPI is now live in over eight countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, and Qatar, positioning India as a global leader in digital payments. Its growing international adoption is boosting remittances, promoting financial inclusion, and strengthening India’s position in the global fintech landscape.

NPCI, an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA), is the umbrella organisation for operating retail payments and settlement systems in India. It operates UPI, which enables real-time peer-to-peer and merchant payments across the country.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)