- UPI transaction volume increased from about 1.78 crore transactions in FY 2016-17 to over 24,162 crore transactions in FY 2025-26.
- Transaction value rose from around ₹0.07 lakh crore to nearly ₹314 lakh crore during the same period.
- UPI accounted for about 84% of India’s digital payments in FY 2025-26.
- As of July 2026, around 741 banks were live on UPI, compared with only 21 banks at launch.
- UPI is now accepted in 11 countries and accounted for about 49% of global real-time payment volume in 2025.
- In July 2026, UPI recorded about 2,366 crore transactions, the highest monthly volume in its decade-long journey.
Question:
Q1. Which organisation launched the Unified Payments Interface (UPI) in India?a) Reserve Bank of India
b) National Payments Corporation of India
c) Ministry of Finance
d) SEBI
Answer: b) UPI was launched by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India.
