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Monthly volume of UPI transactions in India 2018-2022

Published by
Manya Rathore,
Dec 2, 2022
In April 2022, nearly 5.6 billion transactions were carried out through the Unified payment interface in India. This was a slight increase from the previous month and moreover, the volume of UPI transactions had extensively grown from around 300 million transactions in August 2018.

UPI is a product of the National Payments Corporation of India (NPCI) and was launched in 2016. It allows users of payment service providers like PhonePe or GooglePay to use NPCI as switch to connect with banks and transfer money. It is more user-friendly than older transaction modes such as IMPS.

Monthly volume of transactions through Unified Payments Interface (UPI) in India from August 2018 to April 2022 (in millions)

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Release date

May 2022

Region

India

Survey time period

August 2018 to April 2022

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