NPCI Introduces New MCC for UPI Gift Cards with Transaction Cap of Rs 10,000
The NPCI directs reclassification of gift card transactions under a new Merchant Category Code MCC 7016.
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“UPI Surpasses 22 Billion Transactions for Two Consecutive Months in April”
UPI recorded a slight decline in April 2026, processing 22.35 billion transactions worth Rs 29.03 lakh crore.
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“BHIM Soars from 15th to 6th Place with a Remarkable 4.7X Year-on-Year Volume Surge”
BHIM has surged with 4.7X growth in transactions, reaching 175.93M in Feb 2026, climbing to 6th among UPI apps.
Read moreDetailsPhonePe Dominates UPI Transactions with Impressive 45% Market Share in February
PhonePe dominated India's UPI ecosystem with 9.28 billion transactions worth Rs 13,10,392.95 crore.
Read moreDetailsFebruary Sees UPI Transaction Volumes Drop, Yet Daily Averages Climb to 728 Million
UPI recorded 20.39 billion transactions in February 2026, down from 21.70 billion in January.
Read moreDetailsUPI Achieves Record-Breaking 21.63 Billion Transactions in December
UPI processed 21.63 billion transactions in December 2025, the highest ever, with a 29% YoY rise in volumes.
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“November Sees Surge in UPI Digital Gold Transactions, Yet Value Takes a 47% Nosedive”
Digital gold transactions via UPI reached 123.42 million in November, showing a 6.4% rise in volume.
Read moreDetailsUPI Achieves Milestone with 20.47 Billion Transactions in November
UPI recorded 20.47 billion transactions in November 2025, slightly below the 20.70 billion in October.
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“October Sees Surge in UPI Gaming Expenditure While Digital Gold Plummets by 61%”
Digital spending on gaming hit its peak for 2025, with 464.1M transactions totaling Rs 12,641.49 crore.
Read moreDetails“UPI Reaches New Milestone with 20.7 Billion Transactions in October”
UPI processed 20.7 billion transactions in October 2025, marking a new record for monthly volume.
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