UPI Completes 10 Years, Clocks Nearly 13,000-Fold Rise in Transaction Volume

10 years of UPI: India’s digital payment revolution continues at rapid pace

UPI has become synonymous with payments in India. The technology has revolutionized digital payments by enabling instant, zero-cost and real-time mobile transactions across India. It has boosted financial inclusion and become a global benchmark for digital public infrastructure. Mint explores:

UPI expands to 11 countries as July transactions touch Rs 29.87 lakh crore

UPI has expanded to 11 countries and processed Rs 29.87 lakh crore in July, the government said. The expansion underlines growing global acceptance of India's interoperable digital payments model.

10 years of UPI: Instant payments network grows from 1.78 cr annual transactions to 24,162 crore

India's Unified Payments Interface (UPI) is currently facilitating an impressive 66 crore transactions each day. Since 2016, the growth in its transaction volume has skyrocketed by an astounding 13,000 times. UPI has established itself as a foundational component of India's digital public infrastructure and has been recognized by the International Monetary Fund as the leading real-time payment system globally.

UPI completes 10 years, clocks nearly 13,000-fold rise in transaction volume

Annual UPI transaction volume rose from 1.78 crore in 2016-17 to more than 24,162 crore in 2025-26, an almost 13,000-fold increase, the Finance Ministry said in a statement

UPI Completes 10 Years, Transaction Value Jumps from Rs 7,000 Crore in FY17 to Rs 314 Lakh Crore in FY26

Get latest articles and stories on Environment at LatestLY. From a transaction value of Rs 7000 crore in the Financial Year 2016-17, when it was launched, to a whopping Rs 314 lakh crore in FY26, the Unified Payments Interface (UPI) of India has come a long way and completed a decade of operations. The digital mode of payment has now become a staple for almost every Indian citizen with transaction volumes surging nearly 13,000-fold since its lau…

How UPI Revolutionised India's Digital Payments Ecosystem

The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.