UPI Touches New High: Powering India's Digital Payment Revolution

The Unified Payments Interface (UPI) has hit a new milestone, recording transactions worth Rs 29.53 lakh crore in March 2026, according to data from the National Payments Corporation of India (NPCI). This represents a 19 per cent year-on-year increase, up from Rs 24.77 lakh crore in March last year.

This surge aligns with the busiest time of the fiscal calendar, bolstered by festival spending during Holi and Eid. March saw an unprecedented 22.64 billion transactions in volume, marking a 24 per cent growth compared to February's 20.39 billion.

Key figures in the financial technology sector, such as PayNearby's Anand Kumar Bajaj, highlight UPI's growing global reach, now expanding into Europe with its launch in France. UPI's influence extends beyond domestic borders, contributing to nearly half of global real-time digital payments.