UPI transactions hit record high of Rs. 230 lakh crore (US$ 2.56 trillion) in FY25-26 till Dec
- IBEF
- February 4, 2026
The Unified Payments Interface (UPI) in India has been on a roll this year, reaching a historic milestone in terms of usage. In the latest briefing to the Rajya Sabha, the government has reported that UPI transactions between April 2025 and December 2025 have touched a record Rs. 230 lakh crore (US$ 2.56 trillion). This is a massive number compared to the previous year’s total of Rs. 139 lakh crore (US$ 1.54 trillion) in 2022-23, and it indicates that adoption is happening at a faster pace among consumers. The reason for this sharp increase is due to increased digital literacy, increased acceptance among merchants, and true interoperability among the many payment apps and banking partners, which has made UPI a backbone of the digital economy in India.
Globally, the UPI is spreading its wings. It is now operational in eight countries, facilitating cross-border payments in compliance with the regulations of the countries, as stated in a reply by the Minister of State for Finance, Mr. Pankaj Chaudhary, in Parliament. This rapid global expansion has not only changed the retail payments landscape in India but has also caught the attention of the global community. The International Monetary Fund (IMF) has named UPI as the world’s largest real-time retail payment system in terms of the number of transactions.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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