BHIM clocks 300% FY26 growth as monthly transactions hit 21.6 crore
NPCI's BHIM app surged from 5.93 crore monthly transactions in April 2025 to 21.6 crore by March 2026, lifting UPI market share to 1%. Cashbacks, user trust, and white-label bank partnerships drove the rebound, with feature-phone expansion next on the roadmap.
What happened
BHIM Payments App posted 300% growth in FY26, with monthly transactions rising to 21.6 crore in March 2026, driven by cashbacks. NPCI BHIM is partnering banks
Key facts
- 300% growth FY26
- 21.6 crore monthly transactions March 2026
- 5.93 crore April 2025
- 1% UPI market share
Why this matters
BHIM's renewed momentum and white-label bank tie-ups create a credible distribution rail for co-branded payment products, making partnership conversations with NPCI more strategically valuable than 12 months ago.