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.
What happened
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
Key facts
- July 2026: 23.66 billion UPI transactions
- July 2026: Rs 29.88 lakh crore transaction value
- July 2025: Rs 25.08 lakh crore transaction value
- May 2026: 23.2 billion transactions
- June 2026: 22.72 billion transactions
Why this matters
UPI’s scale strengthens the strategic case for partnerships or acquisitions in merchant acquiring, payment orchestration, reconciliation and UPI-enabled loyalty platforms.