India, July 20 -- The Government of India has issued a release:
Financial Year
Volume (in Crore)
Value (in lakh Crore)
FY 2021-22
4,595.61
84.16
FY 2022-23
8,371.44
139.15
FY 2023-24
13,112.95
199.95
FY 2024-25
18,586.60
260.56
FY 2025-26
24,161.69
314.23
Sl.
Country
Live for
Partner Institution
Live since
1
Bhutan
P2M
RMA Bhutan
July 2021
2
Singapore
P2M
NETS Singapore Pte. Ltd., HitPay Payment
August 2021
3
UAE
P2M
Mashreq Bank PSC (NeoPay),
April 2022
4
Singapore
P2P
BCS Paynow
February 2023
5
France
P2M
LYRA Network
February 2024
6
Mauritius
P2M
Bank of Mauritius
February 2024
7
Sri Lanka
P2M
Lanka Pay Pvt. Ltd.
February 2024
8
Nepal
P2M
FonePay Payment Services Ltd.
March 2024
9
Qatar
P2M
Qatar National Bank
September 2025
10
Greece
P2P
Eurobank S.A.
May 2026
11
Nepal
P2P
Nepal Clearing House Limited (NCHL)
June 2026
12
Cambodia
P2M
Acleda Bank PLC
June 2026
Solutions Pte. Ltd., LiquidPay Group Pte. Ltd.
Network International
Magnati-Sole Proprietorship LLC
The Unified Payments Interface (UPI) is a payment system operated by National Payments Corporation of India (NPCI), authorised under the Payment and Settlement Systems Act, 2007.
The NPCI has informed that there were 55.49 crore users onboarded on UPI platform as in June 2026. The details of UPI transactions volume and value is given below:
UPI transactions during the last five financial years
NPCI International Payments Ltd. (NIPL) is a wholly owned subsidiary of NPCI, incorporated in April 2020 with the objective of partnering with foreign entities to take various NPCI payment platforms, such as UPI and the RuPay card scheme, to international markets. This enables Indian tourists and the Indian diaspora to make seamless cross-border payments while assisting partner countries and entities in building their payment infrastructure, such as UPI-like real-time payment systems or RuPay like domestic card schemes.
In order to make UPI-based transactions secure and transparent, various initiatives have been undertaken by the Government, RBI and NPCI from time to time. These, inter alia, include risk-based transaction limits to curb fraudulent transactions, safeguards against unauthorized mobile number changes and misuse of SMS-based authentication, as well as enhanced security requirements for UPI applications. Further, NPCI has issued the Comprehensive UPI Information Security Framework (CUISF) 2025 and the Mobile Application Security Framework, mandating advanced security controls to strengthen the safety and resilience of the UPI ecosystem.
UPI is linked with the payment systems of various countries to facilitate Person-to-Person (P2P) remittances and Person-to-Merchant (P2M) transactions. The details of these countries, along with the respective partner institutions, is given below:
Countries using UPI along with Partner institutions
This information was given by the Minister of State in the Ministry of Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today.
Disclaimer: Curated by HT Syndication.
