UPI completes 10 years with a nearly 13,000-fold rise in yearly transaction volume
Key facts
- UPI, run by the National Payments Corporation of India (NPCI), went live on 25 August 2016.
- Yearly transactions grew from 1.78 crore in FY17 to over 24,162 crore in FY26.
- Transaction value rose from Rs 0.07 lakh crore to about Rs 314 lakh crore.
- The IMF calls UPI the world's largest real-time payment system by volume.
Why it matters
[Data] UPI is a flagship of India's Digital Public Infrastructure. It drives financial inclusion and is now exported to other countries.
Asked before: UPSC CSP 2026 asked which statement about UPI and the Digital Rupee is not correct.
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