UPI transactions ease from record high to Rs 28.9 lakh crore in June
After touching a record high of Rs 29.9 lakh crore in May, UPI transactions eased to Rs 28.9 lakh crore in June.
Transactions through the popular Unified Payments Interface (UPI) moderated from a record high to Rs 28.9 lakh crore in June, according to data released by the National Payments Corporation of India. UPI transactions touched a record high of Rs 29.9 lakh crore in May 2026.
As per the data released on Wednesday, UPI transactions in volume terms were 22.72 billion in June, down from 23.2 billion the previous month.
The value of transactions was Rs 28.9 lakh crore in June, up from Rs 24.03 lakh crore in the same month a year ago, registering 20 per cent annual growth.
The volume of UPI transactions was 18.3 billion in June 2025.
"While the UPI volume for June has decreased month-on-month, the month's daily average of 757 million transactions is the highest-ever recorded since the launch of UPI. These daily averages tell a very interesting story of how UPI has become the default mode of payment for low-value transactions," Reeju Datta, Co-founder, Cashfree Payments, said.
According to Spice Money CEO Dilip Modi, June UPI numbers are significant not just because transactions crossed 22.7 billion, but also because they reflect the pace at which India's digital payments ecosystem has expanded over the past year.
In just 12 months, UPI volumes have grown over 4.3 billion transactions and nearly Rs 5 lakh crore in value, underscoring the increasing trust and dependence on digital payments across the country, he said.
UPI is now live in over eight countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, and Qatar, positioning India as a global leader in digital payments.