Minister of State for Finance Pankaj Chaudhary has recently reported in the parliament that India’s Unified Payments Interface (UPI) has reached 55.49 crore users as of June 2026, underlining the rapid adoption of digital payments across the country.
In a written reply in the Lok Sabha, the minister stated that UPI processed 24,161.69 crore transactions worth Rs 314.23 lakh crore during FY 2025-26, the highest annual transaction volume and value recorded by the platform so far.
The figures highlight UPI’s consistent growth over the past five years. Transaction volume has increased from 4,595.61 crore in FY 2021-22 to over 24,161 crore in FY 2025-26, while the value of transactions has risen from Rs 84.16 lakh crore to Rs 314.23 lakh crore over the same period.
The minister said the Government, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have introduced several measures to make UPI transactions more secure and transparent. These include risk-based transaction limits to reduce fraud, safeguards against unauthorized mobile number changes, improved authentication systems and stronger security standards for UPI applications.
NPCI has also implemented the Comprehensive UPI Information Security Framework (CUISF) 2025 and the Mobile Application Security Framework, making advanced security controls mandatory to strengthen the safety of the digital payments ecosystem.
The international footprint of UPI is also expanding through NPCI International Payments Limited (NIPL), which is helping Indian travellers and the Indian diaspora make seamless cross-border payments while supporting partner countries in developing real-time payment systems.
UPI is now live in several countries, including Bhutan, Singapore, the UAE, France, Mauritius, Sri Lanka, Nepal, Qatar, Greece and Cambodia, enabling merchant payments and, in select markets, person-to-person remittances.
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