UPI sets July record with 23.66 billion transactions worth ₹29.88 lakh crore

UPI processed a record 23.66 billion transactions in July 2026, with transaction value reaching ₹29.88 lakh crore—up from ₹25.08 lakh crore in July 2025—reinforcing its role as India’s dominant consumer and merchant payments rail.

— Filed Sat, 1 Aug, 2026, 20:18 IST · Source ET Small Business

UPI processed a record 23.66 billion transactions worth Rs 29.88 lakh crore in July 2026, underscoring its growing importance as India’s preferred merchant and consumer digital-payment rail.

Why this matters

The July record follows recent signals that UPI’s 23.66 billion transactions were driven by everyday payments and that monthly transaction value reached ₹29.88 lakh crore.

Omni-channel is accelerating, up 191300% QoQ.