UPI transactions

UPI handled 24.51 billion transactions in August 2026

Observations: August 2026

UPI is India’s shared instant-payments network. It moved ₹29.82 trillion · $311 billion in August 2026, across transfers and merchant payments.

What the figures measure

+3.6% compared with July 2026.

+20.2% compared with February 2026.

+22.5% compared with August 2025.

Transaction value measures money moved, not consumer spending. The same money can move more than once.

752 banks were live in August 2026. The bank-count date can differ from the transaction month.

Dollar equivalents use the same reference rate throughout, not the historical exchange rate for each observation. FX as of September 25, 2026.

Monthly UPI transactions

data.indiadispatch.com

Monthly transaction volume and value

MonthTransactionsValue moved
August 202624.51 billion₹29.82 trillion · $311 billion
July 202623.66 billion₹29.88 trillion · $312 billion
June 202622.72 billion₹28.92 trillion · $302 billion
May 202623.2 billion₹29.9 trillion · $312 billion
April 202622.35 billion₹29.03 trillion · $303 billion
March 202622.64 billion₹29.53 trillion · $308 billion
February 202620.39 billion₹26.84 trillion · $280 billion
January 202621.7 billion₹28.33 trillion · $296 billion
December 202521.63 billion₹27.97 trillion · $292 billion
November 202520.47 billion₹26.32 trillion · $275 billion
October 202520.7 billion₹27.28 trillion · $285 billion
September 202519.63 billion₹24.9 trillion · $260 billion
August 202520.01 billion₹24.85 trillion · $259 billion
July 202519.47 billion₹25.08 trillion · $262 billion
June 202518.4 billion₹24.04 trillion · $251 billion
May 202518.68 billion₹25.14 trillion · $262 billion
April 202517.89 billion₹23.95 trillion · $250 billion
March 202518.3 billion₹24.77 trillion · $259 billion
February 202516.11 billion₹21.96 trillion · $229 billion
January 202517 billion₹23.48 trillion · $245 billion
December 202416.73 billion₹23.25 trillion · $243 billion
November 202415.48 billion₹21.55 trillion · $225 billion
October 202416.58 billion₹23.5 trillion · $245 billion
September 202415.04 billion₹20.64 trillion · $215 billion
August 202414.96 billion₹20.61 trillion · $215 billion
July 202414.44 billion₹20.64 trillion · $215 billion
June 202413.89 billion₹20.07 trillion · $209 billion
May 202414.04 billion₹20.45 trillion · $213 billion
April 202413.3 billion₹19.64 trillion · $205 billion
March 202413.44 billion₹19.78 trillion · $206 billion
February 202412.1 billion₹18.28 trillion · $191 billion
January 202412.2 billion₹18.41 trillion · $192 billion
December 202312.02 billion₹18.23 trillion · $190 billion
November 202311.24 billion₹17.4 trillion · $182 billion
October 202311.41 billion₹17.16 trillion · $179 billion
September 202310.56 billion₹15.79 trillion · $165 billion
August 202310.59 billion₹15.77 trillion · $165 billion
July 20239.96 billion₹15.34 trillion · $160 billion
June 20239.34 billion₹14.75 trillion · $154 billion
May 20239.42 billion₹14.89 trillion · $155 billion
April 20238.9 billion₹14.08 trillion · $147 billion
March 20238.69 billion₹14.1 trillion · $147 billion
February 20237.53 billion₹12.36 trillion · $129 billion
January 20238.04 billion₹12.99 trillion · $136 billion
December 20227.83 billion₹12.82 trillion · $134 billion
November 20227.31 billion₹11.91 trillion · $124 billion
October 20227.31 billion₹12.12 trillion · $126 billion
September 20226.78 billion₹11.16 trillion · $117 billion

data.indiadispatch.com

Source: National Payments Corporation of India. India Dispatch Research.

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