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UPI processed an all-time high 24.51 billion transactions worth Rs 29.82 trillion in August 2026, according to NPCI data.
Volume rose 3.6% over July and 22% over August 2025; value was 20% higher year-on-year.
It was the second consecutive month of record volumes, after 23.66 billion transactions in July.
Average daily transactions climbed to 791 million in August from 763 million in July.
Among other retail payment systems, FASTag and AePS volumes rose in August while IMPS volumes slipped.
| Indicator | July 2026 | August 2026 |
|---|---|---|
| Transaction volume | 23.66 billion | 24.51 billion |
| Transaction value | Rs 29.88 trillion | Rs 29.82 trillion |
| Average daily transactions | 763 million | 791 million |
| Average daily value | Rs 96,383 crore | Rs 96,205 crore |
Umbrella organisation for retail payment systems in India; operates UPI, IMPS, RuPay, FASTag (NETC), AePS, BHIM and the National Automated Clearing House. Incorporated in 2008 as a not-for-profit company under the guidance of the RBI and the Indian Banks' Association.
General Awareness > Banking Awareness > Payment Systems
General Awareness > Economy and Current Affairs
General Awareness > Current Affairs
GS Paper 3 > Indian Economy > Digital Payments and Financial Inclusion
Consider the following statements: 1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country. 2. NPCI has launched RuPay, a card payment scheme. Which of the statements given above is/are correct?
Answer: Both 1 and 2
Which of the following is a most likely consequence of implementing the 'Unified Payments Interface (UPI)'?
Answer: Mobile wallets will not be necessary for online payments.
Which one of the following best describes the term "Merchant Discount Rate" sometimes seen in news?
Answer: The charge to a merchant by a bank for accepting payments from his customers through the bank's debit cards.
With reference to digital payments, consider the following statements: 1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account. 2. While a chip-pin debit card has four factors of authentication, BHIM app has only two factors of authentication. Which of the statements given above is/are correct?
Answer: 1 only
Unified Payments Interface — NPCI's real-time payment system launched in April 2016 that allows instant inter-bank transfers through a mobile application.
Aadhaar enabled Payment System — allows basic banking transactions using an Aadhaar number and biometric authentication, typically through a business correspondent.
National Electronic Toll Collection, NPCI's RFID-based system for electronic toll payment on highways.