UPI hits record ₹29.88 lakh crore in July transaction value
UPI processed 23.66 billion transactions worth ₹29.88 lakh crore in July, its highest monthly value to date. Transaction value rose 19% year on year, underscoring the payment rail’s central role across merchant and consumer commerce.
UPI processed a record 23.66 billion transactions worth Rs 29.88 lakh crore in July 2026, with transaction value up 19% year on year. The milestone reinforces UPI’s importance as India’s dominant merchant and consumer payments rail.
Why this matters
The July value record follows recent signals that UPI reached 23.66 billion July transactions and that everyday payments are driving growth, reinforcing its role in merchant and consumer commerce.
Omni-channel is accelerating, up 191600% QoQ.