India · Technology
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
The measure is transaction count. The table separately shows the amount paid through UPI.
Volume rose faster than value
The two latest years in the table show a 30% rise in transaction counts and about a 21% rise in total payment value. The figures describe transactions processed through UPI. Source 1
Count and value
The count gives the number of transactions. The value gives their combined rupee amount. Either can move faster than the other as the mix of payments changes. Source 1
The implied average payment
Dividing the annual value by the annual count gives about INR 1,300 in 2025 to 2026 and about INR 1,402 a year earlier. This is an average across all transactions in the published totals. It does not give the typical payment size. Source 1
A useful reading order
Check the financial year first. Then compare volume, total value and their ratio. Together those three measures show whether the increase in total payments came with larger or smaller payments on average. Source 1