NPCI’s latest report paints a picture of explosive growth in India’s UPI ecosystem. April saw transaction numbers leap 25% year-over-year to 22.35 billion, with values surging 21% to ₹29.03 lakh crore. This performance outpaces even March’s peak of 22.64 billion transactions, cementing UPI’s role as the world’s leading real-time payment system.
Breaking it down daily, April averaged 74.5 crore UPI transactions, a notch above March’s 73 crore. Value-wise, daily figures hit ₹96,766 crore, improving on the prior month’s ₹95,243 crore. Such consistent gains reflect deepening user trust and technological reliability.
Complementing UPI, IMPS processed 36.2 crore transactions valued at ₹7.01 lakh crore last month—a 13% rise from April 2023. With daily averages at 1.2 crore transactions, IMPS continues to support UPI in building a resilient payment infrastructure.
UPI’s launch in 2016 under NPCI and RBI has transformed global perceptions of digital payments. Now operational in UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, Qatar, and more, it’s facilitating cross-border remittances and financial inclusion worldwide.
Finance Ministry data reveals a monumental shift: from a humble base of 2 crore transactions in FY17 to 24,162 crore in FY25-26. Values have multiplied over 4,000 times, from ₹0.07 lakh crore to ₹314 lakh crore. Over a decade, volumes have grown 12,000-fold, showcasing India’s fintech prowess.
Looking ahead, these trends signal sustained digital adoption, reduced cash dependency, and enhanced economic productivity across sectors.
