Unified Payments Interface (UPI) recorded its highest ever monthly transaction volume in July 2026, with 23.66 billion transactions worth Rs 29.88 lakh crore, according to data released by the National Payments Corporation of India (NPCI).
The July numbers surpassed the previous record of 23.20 billion transactions set in May this year.
On a daily basis, UPI processed 763 million transactions, while the average daily transaction value stood at Rs 96,383 crore.
On a year on year basis, transaction volume grew 22%, while transaction value increased 19%.
Meanwhile, WhatsApp surpassed CRED in UPI transaction volume, processing 150.48 million transactions compared with 141.78 million for CRED.
Unified Payments Interface (UPI) recorded its highest ever monthly transaction volume in July 2026, with 23.66 billion transactions worth Rs 29.88 lakh crore, according to data released by the National Payments Corporation of India (NPCI).
The July numbers surpassed the previous record of 23.20 billion transactions set in May this year. However, transaction value remained marginally below the all time high of Rs 29.90 lakh crore recorded in the same month.
On a daily basis, UPI processed 763 million transactions, while the average daily transaction value stood at Rs 96,383 crore.
Compared to June, transaction volume increased 4.1% from 22.72 billion, while transaction value rose 3.3% from Rs 28.92 lakh crore. On a year on year basis, transaction volume grew 22%, while transaction value increased 19%.
UPI crossed the 23 billion monthly transaction mark for the first time in May.
As of June, Walmart backed digital payments platform PhonePe retained its lead in the UPI ecosystem with 10.48 billion transactions, followed by Google Pay and Paytm in the second and third spots, respectively. Meanwhile, WhatsApp surpassed CRED in UPI transaction volume, processing 150.48 million transactions compared with 141.78 million for CRED. NPCI is yet to release the app wise transaction data for July.
Recently, the Maldives launched a real time payment corridor with India, further expanding UPI's global footprint. UPI merchant payments are now live in 10 international markets: Bhutan, Singapore, the United Arab Emirates, France, Mauritius, Sri Lanka, Nepal, Qatar, Cambodia, and the Maldives. Greece remains connected for person to person transfers, while Singapore and Nepal also support remittance linkages.
