UPI Soars to Over 23 Billion Monthly Transactions in May
UPI crossed 23 billion monthly transactions in May 2026, setting a new record for India’s payments network.
Tag: UPI
PhonePe Achieves Milestone with 10 Billion UPI Transactions for Two Consecutive Months in April
Walmart-backed PhonePe processed over 10.33 billion UPI transactions in April, maintaining dominance.
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.
“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.
“Digital Gold Sees Unprecedented Surge: UPI Transactions Soar to 254 Million in March”
Digital gold purchases through UPI remained strong in March 2026, with transactions hitting 254.44 million.
RBI Suggests One-Hour Hold on UPI and IMPS Transactions Exceeding ₹10,000
The Reserve Bank of India plans a one-hour wait for digital payments over Rs 10,000 to curb fraud.
“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.
PhonePe 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.
February 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.
PhonePe Achieves Milestone of 9.8 Billion UPI Transactions in December; BHIM Surpasses CRED
PhonePe tightened its grip on India’s UPI ecosystem in December with 9.81 billion transactions worth Rs 13.61 lakh crore.
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