The Unified Payments Interface (UPI) maintained its strong growth trend in June 2026, gathering a total of 22.72 billion transactions valued at Rs 28.92 lakh crore, according to the latest data released by the National Payments Corporation of India (NPCI). The platform saw transaction volumes drop slightly from the record high in May but it still stayed above the 22-billion mark on a monthly basis.
Key Highlights
- UPI processed 22.72 billion transactions worth Rs 28.92 lakh crore.
- Average daily UPI transactions reached 757 million despite June recording fewer calendar days than May.
In June, UPI had an average of 757 million transactions and the daily transaction value was around Rs 96,405 crore. The figures show the increasing reliance of consumers and businesses on real-time digital payment in India.
Average Daily Transactions Hit a New High
UPI recorded 23.20 billion transactions worth of Rs 29.90 lakh crore in May. This was a decrease of 2.1% on a monthly basis in terms of transaction volume and a decrease of 3.3% on a monthly basis in terms of transaction value in June. The moderation was mostly blamed on June's 30 days, in lieu of 31 days in May.
On the bright side, the average daily number of transactions rose from 748 million in May to 757 million in June. If the pace is maintained for a 31-day month, then at the current rate of transactions, June would have had almost 23.47 billion transactions, beating May's all-time high.
Strong Annual Growth Reflects Digital Payment Adoption
UPI transaction volume grew by 23% and transaction value grew by 20% compared to June 2025, indicating sustained growth in the adoption of digital payments by consumers, merchants and businesses.
The transaction volume on UPI reached an historic peak in May following a steady increase from 22.35 billion in April, where the amount of money transactions done are valued at Rs 29.03 lakh crore.
PhonePe and Google Pay Continue to Dominate
According to the latest available app-wise market share data for May, PhonePe retained its leadership position with a 46.26% share of transaction volume and 49.06% share by value. Google Pay followed with 32.75% of transaction volume and 33.54% by transaction value, while Paytm remained the third-largest UPI platform, accounting for 7.91% of transaction volume and 6.66% by value. National Payments Corporation of India (NPCI) is yet to release the platform-wise market share data for June.
Also Read: NPCI May UPI Data: PhonePe Tops 10.7 Billion Transactions Again
Outlook
The June data reinforces UPI's position as the backbone of India's digital payments infrastructure. Even with a marginal month-on-month moderation, record daily transaction averages and strong year-on-year growth indicate that UPI continues to witness widespread adoption, supporting India's transition toward a cash-light digital economy.
