Topic hub · 10 articles
UPI & payments.
Everything on UPI: market share, NPCI rules, merchant fees, and why some payment apps win and others don't.
UPI & payments data
From NPCI and RBI. Last updated September 2026.
UPI transactions, Aug 2026
24.51 bn
3.6% vs previous month
UPI value
₹29.82 lakh cr
Avg ₹1,217 per transaction
Banks live on UPI
752
UPI share of payments
89%
but only 9% of value (Jul 2026)
UPI growth by financial year
Transactions in crore · value in ₹ lakh crore
UPI month by month
Transactions in billions · value in ₹ lakh crore
UPI app market share
Share of UPI transactions, July 2026
Top UPI banks
Share of UPI transactions sent (remitter) and received (beneficiary)
Sending
Receiving
UPI vs other payment systems — transactions
July 2026, crore transactions
UPI vs other payment systems — value
July 2026, ₹ lakh crore
Payment infrastructure
End of July 2026 · ATM cash withdrawals: 40.8 cr worth ₹2.21 L cr in the month
Most ATMs by bank
ATMs and cash recyclers, July 2026
Most credit cards by bank
Cards outstanding, July 2026
Most debit cards by bank
Cards outstanding, July 2026
Most card machines (PoS) by bank
July 2026
Sources: NPCI UPI statistics, RBI Payment System Indicators, RBI bank-wise ATM/PoS/card statistics, PIB and NPCI releases. Figures rounded.
Free tools
In the media
- The hidden cost of UPI MDR: Small personal loans could get costlier · Moneycontrol
- UPI's ₹16,000 crore MDR windfall could change the economics of digital payments · Mint
- Why NPCI had to extend UPI market cap deadline by two years · Moneycontrol
- Driving 100 million users to adopt digital payments · Product Growth · YouTube
- WION special on e-wallets with Paytm's SVP · WION · YouTube
- Deepak Abbot, ex SVP Paytm · The Product Folks · YouTube
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