29 September 2026 · Reserve Bank of India · AI-generated
The UPI explosion
In November 2019 Indians made 122 crore UPI payments. In August 2026 they made 2,451 crore, twenty times as many.
Each dot is one crore (10 million) UPI transactions made in that month. Press play to watch almost seven years of monthly data from the Reserve Bank of India.
In November 2019, the first month in RBI’s series, UPI handled about 122 crore transactions worth ₹1.89 lakh crore. By August 2026 it handled 2,451 crore, worth ₹29.8 lakh crore, in a single month. That’s about 80 crore payments every day, or roughly one for every two Indians.
The line chart below the dots shows the same growth. Switch to a log scale to see the growth rate: it has slowed but not stalled. Hover over the line to scrub through the months.