Unified Payments Interface (UPI) recorded an all-time high in January 2026, reflecting the rapid growth of digital payments across India. According to data released by the National Payments Corporation of India (NPCI), total UPI transactions during the month reached ₹28.33 lakh crore in value, with 21.7 billion transactions processed.
In comparison, December 2025 saw transactions worth ₹27.97 lakh crore. This marks a 21% month-on-month increase in transaction value. The average daily transaction volume in January stood at around 700 million, with an average daily value of ₹91,403 crore.
Worldline CEO Ramesh Narasimhan said that UPI continues to maintain strong growth momentum and is playing a crucial role in accelerating digital payments across the country. On a yearly basis, January recorded a 28% growth compared to December. Experts believe the rising adoption of UPI will further strengthen digital transactions and push India closer to a cashless economy.
