Nearly 55.49 Crore Users Onboarded on UPI as in June 2026

Key Highlights:

• Unified Payments Interface (UPI) onboarded nearly 55.49 crore users by June 2026.
• UPI is operated by National Payments Corporation of India (NPCI), authorized under the Payment and Settlement Systems Act, 2007.
• Transaction volume reached 24,161.69 crore and value ₹314.23 lakh crore in FY 2025-26.
• NPCI International Payments Ltd. (NIPL), a subsidiary of NPCI, facilitates global expansion of UPI and RuPay.
• UPI is live for Person-to-Merchant (P2M) and Person-to-Person (P2P) transactions in 12 countries, including Bhutan, Singapore, UAE, France, Mauritius, Sri Lanka, Nepal, Qatar, Greece, and Cambodia.
• Security measures include risk-based transaction limits and the Comprehensive UPI Information Security Framework (CUISF) 2025.

Detailed Insights:

• UPI transaction volume increased significantly from 4,595.61 crore in FY 2021-22 to 24,161.69 crore in FY 2025-26.
• The value of these transactions also grew substantially from ₹84.16 lakh crore to ₹314.23 lakh crore over the same period.
• NIPL was incorporated in April 2020 to partner with foreign entities, enabling seamless cross-border payments for Indian tourists and diaspora.
• Security initiatives include safeguards against unauthorized mobile number changes and misuse of SMS-based authentication.
• Enhanced security requirements for UPI applications and the Mobile Application Security Framework strengthen the ecosystem's safety.
• International linkages support both P2P remittances and P2M transactions, with specific partner institutions in each country.

Key Concepts Involved:

• Unified Payments Interface (UPI): An instant real-time payment system developed by NPCI facilitating inter-bank peer-to-peer and person-to-merchant transactions.
• National Payments Corporation of India (NPCI): An umbrella organization for operating retail payments and settlement systems in India, promoted by RBI and IBA.
• Payment and Settlement Systems Act, 2007: An Act that provides for the regulation and supervision of payment and settlement systems in India.
• NPCI International Payments Ltd. (NIPL): A wholly-owned subsidiary of NPCI focused on internationalizing NPCI's payment platforms like UPI and RuPay.