10 years of UPI: India’s digital payment revolution continues at rapid pace
India's Unified Payments Interface (UPI) marked its 10th anniversary, growing from 0.02 billion transactions in FY17 to 241.62 billion in FY26. UPI now dominates retail payments, accounting for 84% of transaction volume and 58% of value in June 2026. The platform's continued growth signals its pivotal role in enhancing financial inclusion and shaping digital payment habits.