Overview
- UPI handled 22.35 billion transfers in April worth ₹29.03 lakh crore, a 1.3% dip in volume from March, according to NPCI data.
- Average daily usage ticked up in April to 745 million transactions and ₹96,766 crore in value, signaling steady day-to-day activity.
- On a year-over-year basis, April volumes rose 25% and total value rose 21%, extending strong growth into the new fiscal year.
- NPCI met smaller ecosystem players to discuss a long-planned 30% market-share cap on third-party apps, with enforcement deferred to December 31, 2026.
- FY26 set records with 24,162 crore payments worth about ₹314 lakh crore, IMF recognition for nearly half of global real-time transactions, and reach across 703 banks and more than eight countries; by count most payments are small store purchases while person-to-person transfers drive most value.