UPI transactions near record level of ₹29.8 lakh crore in August
India's Unified Payments Interface (UPI) recorded transactions worth ₹29.8 lakh crore in August 2026, nearing previous record highs. The growth was driven by a 22% annual increase in transaction volume, supported by festive demand and expanding digital infrastructure.
Why it matters
The sustained growth of UPI highlights India's global leadership in digital retail payments and the increasing integration of digital finance into everyday consumer behavior.
Transactions through the popular Unified Payments Interface (UPI) were at ₹29.8 lakh crore in August, near the record-high level, according to data released by the National Payments Corporation of India (NPCI).
UPI transactions touched a record high of ₹29.9 lakh crore in May and July 2026.
As per the data released on Tuesday (September 1, 2026), UPI transactions in volume terms touched a record of 24.51 billion in August, much higher than 23.66 billion in the previous month.
The volume was 22.72 billion in June and 23.2 billion in May of this year.
The value of transactions was ₹29.82 lakh crore in August, up from ₹24.85 lakh crore in the same month a year ago, registering 20% annual growth.
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