India’s digital payments ecosystem reached a new milestone in March 2026, with the Unified Payments Interface (UPI) processing 22.64 billion transactions. This represents a significant increase from February and highlights the growing adoption of real-time digital payments across the country.
The surge in transactions reflects steady growth in both consumer and merchant usage. Compared to February, which saw around 20.39 billion transactions, March recorded an 11% month-on-month rise. On a year-on-year basis, UPI transactions grew approximately 24%, indicating strong long-term momentum.
In terms of transaction value, UPI also posted impressive numbers. Total transactions in March amounted to ₹29.53 lakh crore, up from ₹26.84 lakh crore in February, marking a 10% month-on-month increase and nearly 19% growth year-on-year. On average, the platform handled around 730 million transactions per day, with an average daily transaction value of about ₹95,243 crore.
The strong performance in March coincided with festive periods and increased economic activity as the financial year ended, contributing to higher spending and digital payments. UPI’s reach is expanding beyond India, with services now live in several international markets, reflecting its growing influence in global digital payments.
As India continues its transition toward a cashless economy, UPI remains central to this shift, offering speed, convenience, and financial inclusion for millions of users and businesses nationwide.
