EconomyMonday, 24 August 2026·The Hindu - National
UPI turns 10: transaction volume rises from 1.78 crore to 24,162 crore in FY26
UPI completed 10 years on 25 August 2026, with annual transaction volume rising to 24,162 crore in 2025-26 from 1.78 crore in 2016-17.
Key highlights
Direct fact
On 25 August 2026, UPI completed 10 years since its launch on 25 August 2016, and the Finance Ministry said annual transaction volume had risen from 1.78 crore in 2016-17 to 24,162 crore in 2025-26.
Key specifics
- UPI was launched on 25 August 2016.
- Annual transaction value rose from ₹0.07 lakh crore to about ₹314 lakh crore over the same period.
- Monthly volume crossed 2,300 crore for the first time in May 2026, reaching 2,320 crore.
- July 2026 recorded 2,366 crore transactions, the highest monthly volume in UPI’s 10-year journey.
- The number of banks live on UPI increased from 44 in 2016-17 to 703 in 2025-26.
Exam lens
Economy and digital payments question, UPI launch date 25 August 2016, 24,162 crore transactions in FY26, 703 banks, 2,366 crore in July 2026 — TNPSC may ask UPI’s growth, RBI oversight, and its role in financial inclusion.