UPI Transactions Surge by 23% in June, Valued at Nearly ₹29 Lakh Crore

New Delhi, July 1: The Unified Payments Interface (UPI) transactions in June saw a remarkable annual growth of 23%, reaching 22.72 billion transactions. During this period, the transaction value increased by 20%, amounting to ₹28.92 lakh crore, according to data released by the National Payments Corporation of India (NPCI) on Wednesday.

On average, UPI facilitated 757 million transactions daily in June, with an average daily transaction value of ₹96,405 crore. In May, UPI transactions totaled 23.20 billion, with a value of ₹29.90 lakh crore. The average daily transactions in May were approximately 748 million, with a similar average transaction value of around ₹96,465 crore.

Launched a decade ago to integrate the common man into the digital payment ecosystem, UPI now simplifies millions of transactions daily across India. The number of UPI transactions was just 20 million in the financial year 2016-17, which skyrocketed to over 24.16 billion in the financial year 2025-26.

UPI has expanded its reach beyond India, now available in more than eight countries, including the UAE, Singapore, France, Mauritius, and Sri Lanka, strengthening India’s presence in the global fintech sector.

Recently, with the launch of UPI in Greece, customers can now send money instantly, securely, and easily, with transaction costs significantly lower than traditional methods.

Last month, during discussions on the future of payment systems in the United States, American lawmakers cited India’s UPI as an example. They highlighted how a modern public payment infrastructure could foster innovation in the private sector. Fintech companies urged Congress to make significant changes to regulations concerning access to the U.S. payment network.

This comparison with India was made during a hearing by the House Financial Services Committee’s Subcommittee on Financial Institutions. Lawmakers deliberated whether the U.S. should modernize its regulatory framework to allow eligible non-bank payment companies direct access to the Federal Reserve’s payment infrastructure, rather than relying on traditional banking intermediaries.