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.
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 for white-label embedded payments and plans feature-phone expansion.
Why this matters
Reinforces BHIM's FY26 comeback narrative, aligning with the 301% surge logged in April 2026 (22.49 cr txns) and the planned feature-phone and bank-led distribution push to defend 1% UPI share.
Retail-brand signals steady at 427 over the last 90 days.