India’s Unified Payments Interface (UPI) achieved unprecedented growth in January 2026, recording 21.70 billion transactions worth ₹28.33 lakh crore, as reported by the National Payments Corporation of India (NPCI). This marks a 21% month-on-month value increase from December’s ₹27.97 lakh crore and 28% year-on-year volume surge.
Key January Metrics
Daily UPI transactions averaged 700 million, up from 698 million in December, with an average daily value of ₹91,403 crore versus ₹90,217 crore prior. The platform’s dominance spans small merchants to large enterprises, fueling India’s digital payment revolution.
Growth Drivers
UPI’s expansion into more sectors promises further digital economy boosts, with steady adoption across retail and P2M transactions driving consistent gains. Year-on-year, volumes rose 28% and values 21%, solidifying UPI’s role in everyday commerce.
