UPI Completes a Decade as India’s Digital Payment System Scales to 24,162 Crore Annual Transactions
The expansion represents an almost 13,000-fold increase in annual transaction volume over the decade. Transaction value has grown just as dramatically, rising from about ₹0.07 lakh crore in FY 2016-17 to approximately ₹314 lakh crore in FY 2025-26, an increase of more than 4,000 times. The figures show how UPI has evolved from an emerging payment option into a system used for everyday retail purchases, personal money transfers and increasingly higher-value transactions.