UPI user base nears 55.5 crore as FY26 transactions jump to ₹314 lakh crore

India's Unified Payments Interface (UPI) continued its rapid expansion in FY26, with the number of onboarded users reaching nearly 55.49 crore by June 2026, while the platform processed a record 24,161.69 crore transactions worth ₹314.23 lakh crore during the financial year, according to data shared by the government in Parliament on Monday.

The figures, provided by the National Payments Corporation of India (NPCI), underscore the continued rise in digital payments across the country. UPI transaction volume increased by around 30% from 18,586.60 crore in FY25, while the total transaction value rose by over 20% from ₹260.56 lakh crore.

The government said UPI, operated by NPCI under the Payment and Settlement Systems Act, 2007, has witnessed sustained growth over the past five years. Transaction volumes have increased more than five-fold from 4,595.61 crore in FY22 to 24,161.69 crore in FY26, while transaction value has nearly quadrupled from ₹84.16 lakh crore to ₹314.23 lakh crore over the same period.

To strengthen trust in the payments ecosystem, the Centre, the Reserve Bank of India (RBI) and NPCI have rolled out multiple measures aimed at improving the security and transparency of UPI transactions.

These include risk-based transaction limits to reduce fraudulent transactions, safeguards against unauthorised mobile number changes and misuse of SMS-based authentication, along with stricter security requirements for UPI applications.

NPCI has also introduced the Comprehensive UPI Information Security Framework (CUISF) 2025 and the Mobile Application Security Framework, mandating advanced security controls to improve the resilience of the UPI ecosystem.

The government also highlighted the growing international footprint of UPI through NPCI International Payments Ltd. (NIPL), the overseas arm of NPCI established in 2020 to take India's payment infrastructure to global markets.

UPI is now linked with payment systems in 12 countries, enabling person-to-merchant (P2M) payments and person-to-person (P2P) remittances. Countries where UPI services are live include Bhutan, Singapore, the UAE, France, Mauritius, Sri Lanka, Nepal, Qatar, Greece and Cambodia. The latest additions include Greece for P2P payments in May 2026, and Nepal and Cambodia in June 2026.

The information was shared by Minister of State for Finance Pankaj Chaudhary in a written reply in the Lok Sabha on Monday.