The Unified Payments Interface (UPI) completed 10 years on 11 April 2026. Transaction volume rose from 1.78 crore in FY 2016-17 to 24,162 crore in FY 2025-26, a nearly 13,000-fold increase, according to Ministry of Finance data. Transaction value over the same period rose from ₹0.07 lakh crore to ₹314 lakh crore, a nearly 4,000-fold rise.
Launched: 11 April 2016, by the National Payments Corporation of India (NPCI), under the Reserve Bank of India's oversight.
Why the Numbers Matter
Digital payments share: UPI accounts for 85% of India's digital payments by volume in FY 2025-26.
International reach: UPI is live in eight countries — the UAE, Singapore, France, Bhutan, Nepal, Sri Lanka, Mauritius and Qatar.
Growth pace: Volume and value both keep growing at double-digit annual rates a decade after launch, 30% and about 20.6% respectively between 2025 and 2026.
About the National Payments Corporation of India (NPCI)
What it is: NPCI is the umbrella organisation that operates India's retail payment and settlement systems, including UPI, IMPS and RuPay.
Role here: NPCI built and continues to run UPI's technical backbone, under the Reserve Bank of India's regulatory oversight.