UPI Completes 10 Years, Dominates India's Digital Payments
· Business · LiveMint, Times of India, The Hindu
India's Unified Payments Interface (UPI) has completed 10 years since its launch, maintaining an annual growth rate of 20–30 percent. UPI accounted for 84 percent of retail payment transactions by volume and 58 percent by value in June 2026. Transaction volume grew from 0.02 billion in FY17 to 241.62 billion in FY26. The average transaction value has declined to ₹1,300, indicating increased use for small purchases. UPI's footprint has expanded to 10 countries, including the UAE, Singapore, and France.
Why it matters
UPI's growth underscores its role in boosting financial inclusion and positioning India as a global leader in digital payments.
Read the original report — LiveMint
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