The Unified Payments Interface (UPI) has achieved another record month for transactions. According to official data available from the National Payments Corporation of India, the platform successfully processed 22.72 billion transactions in June 2026. The total monetary value crossed an impressive ₹28.92 lakh crore last month in all these digital channels. The statistics reflect how millions of people in India continue to depend on instant payment methods that are mobile-first and operationally accessible for their daily economic needs.

Monthly transaction performance and trends

The figures published by NPCI show that UPI has completed 22.72 billion transactions in June 2026, amounting to ₹28.92 lakh crore. It was the second consecutive month when the number of transactions exceeded 22 billion.

UPI had recorded an unprecedented 23.20 billion transactions totaling ₹29.90 lakh crore in May 2026 and thus crossed the barrier of 23 billion transactions for the first time. Transactions were down 2.1% month on month, while the value of the transactions saw a decline of 3.3% compared to June. The dip was largely attributed to June having 30 days versus May’s 31 days.

Even though it was a shorter month, June accounted for an average of 757 million transactions per day, while several transactions in May had an average of 748 million daily. If the daily pace continues, June would have registered about 23.47 billion transactions in 31 days, which would set a new record for the month compared to the 22.95 billion recorded in May. The total value of transactions on UPI reached ₹96,405 crore per day on average. It shows the sustained growth of the platform in daily financial transactions.

Year-on-year growth and market share

UPI transactions grew strongly on a year-on-year basis. Transaction counts grew 23%, and transaction value grew 20% from June 2025. The continued growth of India’s digital payments infrastructure and increasing adoption of UPI for retail and high-value transactions illustrates the resilience and acceleration of India’s digital payments sector.

UPI performance has been strong in the last few months. The platform processed 22.35 billion transactions in April 2026, which were worth ₹29.03 lakh crore, before reaching a peak in May. The transaction volumes and values recorded for June, although a bit lower, reinforce UPI’s capacity to remain high relative to calendar variation.

Additionally, NPCI shared the app-wise market share details for May 2026. PhonePe continued to lead the race with 46.26% transaction volume and 49.06% transaction value. Paytm was the third largest UPI app with 7.91% volume and 6.66% value share, followed by Google Pay’s 32.75% volume and 33.54% value share. While the June data will be available once the monthly app-wise breakdown is released, it shows the strength of some major players in the UPI ecosystem.

Conclusion

Data provided by the National Payments Corporation of India (NPCI) has been able to perform well through 22.72 billion transactions worth ₹28.92 lakh crore in June 2026. The decrease in numbers from last month can be attributed to the fewer number of days in the month of June. UPI is setting the pace for the digital financial revolution in India with year-on-year growth rates exceeding 20% and dominance in the market shown by the use of mobile wallets like PhonePe and Google Pay.