UPI Transactions Rise 23% to Over 22 billion in June
- IBEF
- July 2, 2026
India's Unified Payments Interface (UPI) continued to record strong growth in digital payments, with transaction volumes rising 23% year-on-year to over 22 billion in June 2026, according to data released by the National Payments Corporation of India (NPCI). During the month, UPI transactions by value increased 20% year-on-year to more than Rs. 28 lakh crore (US$ 296.92 billion), reflecting the platform's expanding adoption across consumers and businesses. On average, UPI processed around 757 million transactions every day during June, underscoring the scale and efficiency of India's digital payments ecosystem. The sustained growth highlights increasing digital financial inclusion, wider merchant acceptance and rising consumer confidence in secure and seamless cashless transactions.
India is also expanding the global footprint of its digital payment’s infrastructure through the international adoption of UPI. The platform is now operational in more than eight countries, including the UAE, Singapore, France, Mauritius, Sri Lanka, and Greece. The recent launch of a UPI-based remittance service by Eurobank has enabled cross-border transfers from Greece to India, further strengthening India's position as a global leader in digital public infrastructure and financial technology. The continued expansion of UPI is expected to support faster cross-border payments, improve financial connectivity and reinforce India's leadership in building inclusive, interoperable and globally recognised digital payment solutions.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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