UPI Transactions Surges Record ₹230 Lakh Crore till December in FY26: Govt

India’s digital payments ecosystem continues to deepen its footprint, with Unified Payments Interface transactions recording unprecedented value and widening their reach beyond domestic borders. 

Record Transaction Value in Current Financial Year 

As per PTI report, the government informed the Rajya Sabha that transactions conducted through UPI aggregated ₹230 lakh crore in value during the ongoing financial year up to December. 

Minister of State for Finance Pankaj Chaudhary said the growth highlights the rapid acceleration in adoption of digital payment modes. The latest figure marks a sharp rise compared with the total transaction value of ₹139 lakh crore recorded in FY 2022–23.  

“As far as domestic transactions are concerned, transactions worth a total value of ₹230 lakh crore have been made till December in the year 2025–26,” the minister told the House. 

International Expansion and Cross-Border Use 

UPI is no longer limited to domestic usage and is now operational in eight overseas markets after currency conversion while complying with local regulations. In a written reply to Parliament, Finance Minister Nirmala Sitharaman said UPI is currently being used in Bhutan, France, Mauritius, Nepal, Qatar, Singapore, Sri Lanka and the UAE.  

She added that coordinated efforts by the government, the Reserve Bank of India and NPCI International Payments Ltd are focused on expanding international linkages, including connections with fast payment systems of partner countries to enable cross-border person-to-person remittances and travel-based person-to-merchant payments. 

Global Recognition and Market Share 

India’s digital payments platform has also gained global recognition. Sitharaman said an International Monetary Fund report titled Growing Retail Digital Payments (The Value of Interoperability), released in June 2025, identified UPI as the world’s largest retail fast-payment system by transaction volume.  

She further noted that, according to the ACI Worldwide Report 2024, UPI accounts for around 49% of global real-time retail payment transactions, underscoring its scale and interoperability. 

Read More: UPI Transactions Soar to ₹28.33 Trillion in January: NPCI Data! 

Conclusion 

With transaction values touching ₹230 lakh crore, expanding international presence and growing global recognition, UPI continues to reinforce India’s position at the forefront of real-time digital payments. 

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