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Published by Sandhya Keelery, Aug 30, 2024
In financial year 2023, there were over 84 billion UPI transactions worth about 139 trillion Indian rupees across India. The number of transactions was estimated to rise up to over 456 billions in financial year 2028 in the country. Unified Payments Interface (UPI) was introduced by National Payments Corporation of India (NPCI) in 2016 and facilitates inter-bank transactions.
Number of Unified Payments Interface transactions across India from financial year 2019 to 2023, with estimates until 2028 (in billions)
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Release date
July 2024
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Region
India
Survey time period
FY 2019 to FY 2023
Supplementary notes
*Estimates.
India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.
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