UPI transaction value exceeds Rs 314 lakh crore in FY26, reflecting deep nationwide adoption
UPI transaction value is expected to exceed Rs 314 lakh crore in FY26, reflecting deep nationwide adoption. The finance ministry stated that UPI has emerged as the backbone of India's digital payments ecosystem and a critical driver of financial inclusion.
UPI, launched on April 11, 2016, by the National Payments Corporation of India (NPCI) under the Reserve Bank of India's (RBI) regulatory oversight, is expected to exceed Rs 314 lakh crore in transaction value in FY26. The finance ministry stated that UPI has become the backbone of India's digital payments ecosystem. It has driven financial inclusion nationwide. UPI's growth reflects its adoption across the country. The National Payments Corporation of India (NPCI) and the RBI have overseen this development.
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