India's UPI hits record 23.66 bn July transactions

UPI July 2026 record transaction volume NPCI India

The National Payments Corporation of India (NPCI) reported that the Unified Payments Interface (UPI) processed 23.66 billion transactions in July 2026, a 22 % year‑on‑year rise. The total value of those transactions reached ₹29.88 lakh crore, up 19 % from a year earlier. On average, 763 million transactions were settled each day, with an average daily value of about ₹96,383 crore.

Minister of State for Finance Pankaj Chaudhary gave a written reply in the Lok Sabha confirming the figures and noting that NPCI International Payments Ltd. (NIPL) is expanding the UPI ecosystem abroad through partnerships with foreign entities. UPI is now live in more than eight countries, including the United Arab Emirates, Singapore, France, Mauritius and Sri Lanka, strengthening India’s global fintech presence.

The data comes as the Indian government reviews a proposed merchant‑discount‑rate (MDR) of 0.05‑0.07 % for businesses with annual turnover of ₹1‑1.5 crore on transactions above ₹2,000, a move that could affect the majority of merchants using the platform.

Entities

Droupadi Murmu · Fintech industry · Google Pay · NPCI International Payments Ltd. (NIPL) · National Payments Corporation of India · National Payments Corporation of India (NPCI) · Pankaj Chaudhary · PhonePe · Republic of India · Unified Payments Interface · Women entrepreneurs

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] PhonePe and Google Pay remain the dominant UPI apps, while Navi, Super.money and WhatsApp each gained a small market‑share increase in June. inc42.com
[● 6 SOURCES] UPI is live in more than eight countries, including the UAE, Singapore, France, Mauritius and Sri Lanka. tennews.in · www.mangalorean.com · www.news9live.com · samacharnama.com · www.newsbytesapp.com · +1 more
[DISPUTED] Average daily UPI transactions in July 2024 were about 763 million, with average daily value around ₹96,383 crore. onlinemediacafe.com · tennews.in · www.mangalorean.com · inc42.com
[● 2 SOURCES] UPI processed 18,586.60 crore transactions worth ₹260.56 lakh crore in FY2024‑25. tennews.in · www.mangalorean.com
[○ 1 SOURCE] The Indian government is reviewing a merchant discount rate of 0.05‑0.07% for businesses with annual turnover of ₹1‑1.5 cr on UPI transactions above ₹2,000. inc42.com
[● 2 SOURCES] Minister of State for Finance Pankaj Chaudhary presented the UPI transaction figures in a Lok Sabha reply. tennews.in · www.mangalorean.com
[DISPUTED] UPI transaction value in July 2024 was ₹29.88 lakh crore, a 19% year‑on‑year increase. onlinemediacafe.com · tennews.in · www.mangalorean.com · inc42.com
[DISPUTED] UPI transaction volume in July 2024 was 23.66 billion, a 22% year‑on‑year increase. onlinemediacafe.com · tennews.in · www.mangalorean.com · inc42.com
[● 5 SOURCES] The total value of UPI transactions in July 2026 was ₹29.88 lakh crore. www.news9live.com · samacharnama.com · newsindialive.in · www.newsbytesapp.com · www.tv9hindi.com
[○ 1 SOURCE] IMPS processed about 364 million transactions and AePS about 100 million in July 2026. newsindialive.in
[DISPUTED] UPI processed 23.66 billion transactions in July 2026. www.news9live.com · samacharnama.com · newsindialive.in · www.newsbytesapp.com · www.tv9hindi.com · +4 more
[● 2 SOURCES] UPI is operational in about ten countries, including the United Arab Emirates, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, Qatar, Cambodia and the Maldives, with Greece linked for person‑‑ www.news9live.com · www.newsbytesapp.com