India Tech Business Review

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How India’s UPI volume grew across five financial years

UPI processed about 242 billion transactions in India’s 2025 to 2026 financial year, up from about 186 billion a year earlier in the government’s published series.

Sources checked

Payment volumeAnnual transaction volume
  • 2021 to 202245.96 bn
  • 2022 to 202383.71 bn
  • 2023 to 2024131.13 bn
  • 2024 to 2025185.87 bn
  • 2025 to 2026241.62 bn

The measure is transaction count. The table separately shows the amount paid through UPI.

Source 1

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