India · Digital payments
India — UPI payments
Last update: 01 Nov 2026
UPI handled 24.1 billion payments in Sep 2026, worth ₹29.37 lakh cr. In FY 2024-25, volume was 185.9 billion payments and value was ₹260.57 lakh cr. The average payment that year was ₹1,402.
Part of the research desk India consumer payments and prices, which sets these payments beside quick-commerce orders and consumer prices.
24.1 billion payments
Sep 2026 · Verified
Latest month, value
Latest fiscal year, volume
Latest fiscal year, value
Average ticket
Featured
UPI transaction value
The total rupee value of payments made through UPI in each April–March fiscal year, from NPCI. Value grows when there are more payments, larger payments, or both.
For example: If 100 billion payments are made in a year and they average ₹1,500 each, the year's value is ₹150 lakh crore.
₹ lakh crore
1 · Scale
Transaction volume and average payment size
Volume
Transaction volume by fiscal year
The number of UPI payments in each April–March year, in billions. A higher count can mean more people paying, the same people paying more often, or both; the data do not say which.
For example: Someone who pays for tea, a bus ticket and groceries by UPI in one day adds three payments to the count.
billion payments
- UPI volume
Payment size
Average payment size by fiscal year
Total value divided by the number of payments: the average amount of one UPI payment, in rupees. Exalytics calculation from the two NPCI series. A smaller average alongside more payments is not, by itself, a sign of weaker demand; it can reflect UPI spreading to small everyday purchases.
For example: ₹150 lakh crore spread across 100 billion payments is an average payment of ₹1,500.
rupees per payment
- Average ticket
2 · Monthly data
Monthly payments, merchants and apps
Monthly
Monthly transaction value
NPCI's monthly value of UPI payments. Months marked provisional can be restated in a later release. The table view also lists each month's volume.
For example: A 31-day month has three more payment days than February, so compare a month with the same month a year earlier rather than with the month before.
₹ lakh crore
- Monthly value
Merchants
Merchant payments' share of UPI
Each month's share of UPI payments made to a merchant (person to merchant, P2M) rather than to another person (P2P), by number and by value, from NPCI's P2P and P2M table. Exalytics calculation: P2M ÷ (P2M + P2P). The value share is lower than the count share because the average payment to a merchant is smaller than the average transfer between people.
For example: If a month has six ₹200 payments at shops and four ₹3,000 transfers to friends, merchants get 60% of the payments but 9% of the value.
No observations in this window.
Widen the period or switch frequency to see this series.
Apps
Share of transaction volume by app
Each app's share of the UPI payments NPCI attributes to a payer app (the app the payer used) in the month shown, from NPCI's UPI Applications table. Apps under 1% are grouped. A single month is a snapshot, not a trend.
For example: If 20 billion payments are made in a month and 9.6 billion of them go through one app, that app's share is 48%.
per cent of volume
- Share of volume
Related series: UPI transactions: volume and value, by month and fiscal year
Source: NPCI UPI product statistics. Published snapshot india-upi-npci-2026-09-ba2a1e85d0c5.
Sources & methods
Sources and methodology
Volume and value
NPCI counts transactions and their rupee value. Value can rise because there are more payments, larger payments, or both. The average ticket divides value by volume within the same period.
Not a spending total
UPI also carries person-to-person and other transfers. Its value is not household consumption, and its transaction count is not a count of unique users or purchases.
Currency and vintage
The displayed dollar equivalents use rates stored with this published snapshot. Switching currency never applies today's exchange rate to older observations. Revisions belong to a new snapshot version.
Compare with prices
The India consumer research desk aligns fiscal-year UPI measures with published CPI inflation and shows the matched sample, coefficients and limitations.
Data: NPCI monthly UPI product statistics, NPCI UPI ecosystem statistics (P2P and P2M; UPI Applications) and NPCI retail-payments statistics · india-upi-npci-2026-09-ba2a1e85d0c5 · through 30 Sep 2026