UPI records 23.66 billion transactions in July, its highest monthly volume yet
India’s UPI processed a record 23.66 billion transactions worth Rs 29.88 lakh crore in July. Volumes rose 4.1% month on month and 22% year on year, reinforcing digital payments’ central role in everyday merchant commerce.
UPI reached a record 23.66 billion transactions in July 2026, worth Rs 29.88 lakh crore. Volume rose 4.1% month on month and 22% year on year, underscoring continued growth in India’s digital merchant-payment ecosystem.
Why this matters
The record follows signals that UPI may see MDR return above ₹2,000 at large merchants, is expanding overseas acceptance through NPCI partnerships, and faces scrutiny over merchant access to customer data.
Omni-channel is accelerating, up 189,900% QoQ.
Also reported by
- Entrackr — Same time