UPI Breaks Records: 22.64 Billion Transactions in March, Driving Digital Revolution

• Unified Payments Interface (UPI) recorded a new high of 22.64 billion transactions in March.
• This marks a 24 percent growth compared to 18.3 billion transactions a year ago.
• UPI now accounts for 85 percent of all digital transactions in India and nearly 50 percent of global real-time digital payments.
• The platform combines ease of use with strong security, utilizing RBI’s two-factor authentication.
• UPI is currently live in seven countries, including UAE, Singapore, and France, marking its first step into Europe.

Key Questions Answered

How will UPI's global expansion impact Indian travelers?

UPI's global expansion is expected to facilitate cross-border transactions for Indian travelers and potentially simplify international payments.

What new features could UPI introduce next?

UPI could introduce enhanced merchant-side capabilities like payment orchestration and risk management.

Will UPI maintain its growth trajectory in India?

UPI is expected to maintain growth, projected at nearly 30% for FY26. While the pace is slower than FY25's 41%, transaction volumes are increasing, with 241.