TaxTMI 
TaxTMI 
Nearly 55.49 Crore Users Onboarded on UPI as in June 2026
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....early 55.49 Crore Users Onboarded on UPI as in June 2026<BR>News and Press Release<BR>Dated:- 20-7-2026<BR><BR>UPI transactions grow 24,162 Cr in Volume and 314 lakh Cr in Value in FY 2025-26 Government, RBI and NPCI take various initiatives to make UPI-based transactions secure and transparent, which include risk-based transaction limits to curb fraudulent transactions, enhanced security requi....
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....rements for UPI applications, among others The Unified Payments Interface (UPI) is a payment system operated by National Payments Corporation of India (NPCI), authorised under the Payment and Settlement Systems Act, 2007. The NPCI has informed that there were 55.49 crore users onboarded on UPI platform as in June 2026. The details of UPI transactions volume and value is given below: UPI t....
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....ransactions during the last five financial years Financial Year Volume (in Crore) Value (in lakh Crore) FY 2021-22 4,595.61 84.16 FY 2022-23 8,371.44 139.15 FY 2023-24 13,112.95 199.95 FY 2024-25 18,586.60 260.56 FY 2025-26 24,161.69 314.23 NPCI International Payments Ltd. (NIPL) is a wholly owned subsidiary of NPCI, incorporated in April 20....
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....20 with the objective of partnering with foreign entities to take various NPCI payment platforms, such as UPI and the RuPay card scheme, to international markets. This enables Indian tourists and the Indian diaspora to make seamless cross-border payments while assisting partner countries and entities in building their payment infrastructure, such as UPI-like real-time payment systems or RuPay like....
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.... domestic card schemes. In order to make UPI-based transactions secure and transparent, various initiatives have been undertaken by the Government, RBI and NPCI from time to time. These, inter alia, include risk-based transaction limits to curb fraudulent transactions, safeguards against unauthorized mobile number changes and misuse of SMS-based authentication, as well as enhanced security requ....
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....irements for UPI applications. Further, NPCI has issued the Comprehensive UPI Information Security Framework (CUISF) 2025 and the Mobile Application Security Framework, mandating advanced security controls to strengthen the safety and resilience of the UPI ecosystem. UPI is linked with the payment systems of various countries to facilitate Person-to-Person (P2P) remittances and Person-to-Mercha....
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....nt (P2M) transactions. The details of these countries, along with the respective partner institutions, is given below: Countries using UPI along with Partner institutions Sl. Country Live for Partner Institution Live since 1 Bhutan P2M RMA Bhutan July 2021 2 Singapore P2M NETS Singapore Pte. Ltd., HitPay Payment Solutions Pte. Ltd., LiquidPay Group P....
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....te. Ltd. August 2021 3 UAE P2M Mashreq Bank PSC (NeoPay), Network International Magnati-Sole Proprietorship LLC April 2022 4 Singapore P2P BCS Paynow February 2023 5 France P2M LYRA Network February 2024 6 Mauritius P2M Bank of Mauritius February 2024 7 Sri Lanka P2M Lanka Pay Pvt. Ltd. February 2024 8 Nepal ....
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.... P2M FonePay Payment Services Ltd. March 2024 9 Qatar P2M Qatar National Bank September 2025 10 Greece P2P Eurobank S.A. May 2026 11 Nepal P2P Nepal Clearing House Limited (NCHL) June 2026 12 Cambodia P2M Acleda Bank PLC June 2026 This information was given by the Minister of State in the Ministry of Finance Shri Pankaj Chaudha....
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....ry in a written reply to a question in Lok Sabha today. =============<BR> News - Press release - PIB....