Transactions under Unified Payments Interface (UPI) increased by 23 percent compared to a year ago to 22.72 billion, with total volume increasing 20 percent to ₹28.92 lakh crore. The figures were reported by the National Payments Corporation of India (NPCI) on Wednesday.

On average, there were 757 million UPI transactions recorded in June. On average, the value recorded each day was ₹96,405 crore. There were 23.20 billion transactions worth ₹29.90 lakh crore in May. Average daily transactions in May were 748 million, while the average daily value was ₹96,465 crore.

UPI was introduced 10 years ago as a tool to connect common Indians to digital payments. Currently, there are millions of transactions processed through UPI each day. From 20 million transactions during FY 2016-17, UPI has expanded to over 24,162 crore in FY 2025-26. Currently, UPI is being offered in over eight countries including UAE, Singapore, France, Mauritius, and Sri Lanka.

With the recent launch of UPI in Greece, customers can send money quickly, securely, and conveniently, with transaction costs significantly lower than traditional methods. Last month, US lawmakers cited India's UPI as an example while discussing the future of America's payments system.

The reason for this is that modern public payment platforms will enable private enterprises to be creative. Fintechs requested Congress to review the regulations regarding access to payment networks in America.

The analogy to India was mentioned in the subcommittee on financial institutions in the US house of representatives. The discussion involved whether or not it was time for the US to revise its regulations such that qualified non-bank payment service providers gain direct access to the Fed payment platform.