{"format":"india-by-the-numbers.series.v1","id":"payments/network","name":"UPI transactions","hub":"Payments","topic":"UPI network","moduleIds":["network","monthly-volume"],"url":"https://data.indiadispatch.com/payments/upi-transactions","period":"October 2026","periodKey":"2026-10","latest":{"formattedValue":"25.47 billion","change":"+5.81% since September 2026","supportingFigures":"UPI is India’s shared instant-payments network. It moved ₹31.53 trillion · $336 billion in October 2026, across transfers and merchant payments. Value moved: ₹31.53 trillion · $336 billion.","inr":31529294600000,"inrLabel":"Value moved","usd":335703732964.22485},"source":{"name":"National Payments Corporation of India","url":"https://www.npci.org.in/product/upi/product-statistics"},"numericValue":25466700000,"unit":"transactions","measure":"volume_million","readingLabel":"UPI network transactions","readingValue":"25.47 billion transactions","comparison":{"status":"compared","method":"percent-change","value":5.8097803009591775,"unit":"percent","measure":"volume_million","observationPeriod":"2026-10","comparatorPeriod":"2026-09","text":"+5.81% since September 2026"},"currencyValuation":{"basis":"converted-from-INR","reference":{"rate":93.92,"date":"2026-11-06","provider":"ECB reference via Frankfurter","sourceUrl":"https://api.frankfurter.dev/v1/latest?base=USD&symbols=INR"},"historicalRate":false},"cadence":"Monthly","version":"48c7160e6e180457fc53c714b2185b7c150c0cd900a8a942d1df9f736492d0a7","dateModified":"2026-11-06T17:30:13.063Z","coverage":"2022-10/2026-10","notes":["+5.8% compared with September 2026.","+14% compared with April 2026.","+23% compared with October 2025.","Transaction value measures money moved, not consumer spending. The same money can move more than once.","758 banks were live in October 2026. The bank-count date can differ from the transaction month."],"license":{"name":"Creative Commons Attribution 4.0 International","url":"https://creativecommons.org/licenses/by/4.0/","scope":"India Dispatch's original compiled tables and editorial text"},"sourceRights":"Underlying source publishers retain their own rights. This license does not grant rights to publisher documents, branding or other third-party material.","attribution":"India by the numbers, UPI transactions, October 2026, https://data.indiadispatch.com/payments/upi-transactions. Source: National Payments Corporation of India.","valueRepresentation":"Table cells are the publication's formatted observations, with units retained. Missing observations are not zero. Numeric latest amounts, where present, are separately labelled INR and USD.","tables":[{"title":"Monthly transaction volume and value","columns":["Month","Transactions","Value moved"],"rows":[{"id":"2022-10","cells":["October 2022","7.31 billion","₹12.12 trillion · $129 billion"]},{"id":"2022-11","cells":["November 2022","7.31 billion","₹11.91 trillion · $127 billion"]},{"id":"2022-12","cells":["December 2022","7.83 billion","₹12.82 trillion · $137 billion"]},{"id":"2023-01","cells":["January 2023","8.04 billion","₹12.99 trillion · $138 billion"]},{"id":"2023-02","cells":["February 2023","7.53 billion","₹12.36 trillion · $132 billion"]},{"id":"2023-03","cells":["March 2023","8.69 billion","₹14.1 trillion · $150 billion"]},{"id":"2023-04","cells":["April 2023","8.9 billion","₹14.08 trillion · $150 billion"]},{"id":"2023-05","cells":["May 2023","9.42 billion","₹14.89 trillion · $159 billion"]},{"id":"2023-06","cells":["June 2023","9.34 billion","₹14.75 trillion · $157 billion"]},{"id":"2023-07","cells":["July 2023","9.96 billion","₹15.34 trillion · $163 billion"]},{"id":"2023-08","cells":["August 2023","10.59 billion","₹15.77 trillion · $168 billion"]},{"id":"2023-09","cells":["September 2023","10.56 billion","₹15.79 trillion · $168 billion"]},{"id":"2023-10","cells":["October 2023","11.41 billion","₹17.16 trillion · $183 billion"]},{"id":"2023-11","cells":["November 2023","11.24 billion","₹17.4 trillion · $185 billion"]},{"id":"2023-12","cells":["December 2023","12.02 billion","₹18.23 trillion · $194 billion"]},{"id":"2024-01","cells":["January 2024","12.2 billion","₹18.41 trillion · $196 billion"]},{"id":"2024-02","cells":["February 2024","12.1 billion","₹18.28 trillion · $195 billion"]},{"id":"2024-03","cells":["March 2024","13.44 billion","₹19.78 trillion · $211 billion"]},{"id":"2024-04","cells":["April 2024","13.3 billion","₹19.64 trillion · $209 billion"]},{"id":"2024-05","cells":["May 2024","14.04 billion","₹20.45 trillion · $218 billion"]},{"id":"2024-06","cells":["June 2024","13.89 billion","₹20.07 trillion · $214 billion"]},{"id":"2024-07","cells":["July 2024","14.44 billion","₹20.64 trillion · $220 billion"]},{"id":"2024-08","cells":["August 2024","14.96 billion","₹20.61 trillion · $219 billion"]},{"id":"2024-09","cells":["September 2024","15.04 billion","₹20.64 trillion · $220 billion"]},{"id":"2024-10","cells":["October 2024","16.58 billion","₹23.5 trillion · $250 billion"]},{"id":"2024-11","cells":["November 2024","15.48 billion","₹21.55 trillion · $229 billion"]},{"id":"2024-12","cells":["December 2024","16.73 billion","₹23.25 trillion · $248 billion"]},{"id":"2025-01","cells":["January 2025","17 billion","₹23.48 trillion · $250 billion"]},{"id":"2025-02","cells":["February 2025","16.11 billion","₹21.96 trillion · $234 billion"]},{"id":"2025-03","cells":["March 2025","18.3 billion","₹24.77 trillion · $264 billion"]},{"id":"2025-04","cells":["April 2025","17.89 billion","₹23.95 trillion · $255 billion"]},{"id":"2025-05","cells":["May 2025","18.68 billion","₹25.14 trillion · $268 billion"]},{"id":"2025-06","cells":["June 2025","18.4 billion","₹24.04 trillion · $256 billion"]},{"id":"2025-07","cells":["July 2025","19.47 billion","₹25.08 trillion · $267 billion"]},{"id":"2025-08","cells":["August 2025","20.01 billion","₹24.85 trillion · $265 billion"]},{"id":"2025-09","cells":["September 2025","19.63 billion","₹24.9 trillion · $265 billion"]},{"id":"2025-10","cells":["October 2025","20.7 billion","₹27.28 trillion · $290 billion"]},{"id":"2025-11","cells":["November 2025","20.47 billion","₹26.32 trillion · $280 billion"]},{"id":"2025-12","cells":["December 2025","21.63 billion","₹27.97 trillion · $298 billion"]},{"id":"2026-01","cells":["January 2026","21.7 billion","₹28.33 trillion · $302 billion"]},{"id":"2026-02","cells":["February 2026","20.39 billion","₹26.84 trillion · $286 billion"]},{"id":"2026-03","cells":["March 2026","22.64 billion","₹29.53 trillion · $314 billion"]},{"id":"2026-04","cells":["April 2026","22.35 billion","₹29.03 trillion · $309 billion"]},{"id":"2026-05","cells":["May 2026","23.2 billion","₹29.9 trillion · $318 billion"]},{"id":"2026-06","cells":["June 2026","22.72 billion","₹28.92 trillion · $308 billion"]},{"id":"2026-07","cells":["July 2026","23.66 billion","₹29.88 trillion · $318 billion"]},{"id":"2026-08","cells":["August 2026","24.51 billion","₹29.82 trillion · $318 billion"]},{"id":"2026-09","cells":["September 2026","24.07 billion","₹29.37 trillion · $313 billion"]},{"id":"2026-10","cells":["October 2026","25.47 billion","₹31.53 trillion · $336 billion"]}]}],"downloads":{"json":"https://data.indiadispatch.com/data/series/payments/upi-transactions.json","csv":"https://data.indiadispatch.com/data/series/payments/upi-transactions.csv"},"publicationArchive":"https://data.indiadispatch.com/archive/payments/upi-transactions"}