UPI completes 10 years, transaction volume surges 13,000-fold

The Unified Payments Interface (UPI) has completed 10 years of operation, with annual transaction volume rising from 1.78 crore in 2016-17 to over 24,162 crore in 2025-26, marking a nearly 13,000-fold increase. This growth highlights the digital payment system's widespread adoption and transformation of India's financial landscape. The Finance Ministry reported the milestone in a recent statement. The surge underscores UPI's role in promoting cashless transactions and financial inclusion across the country.