UPI Transactions Decline 1.8% in September 2026
Unified Payments Interface (UPI) processed 24.07 billion transactions in September 2026, a 1.8% decrease from August, with transaction value also slipping.
The Unified Payments Interface (UPI) in India recorded 24.07 billion transactions in September 2026, a slight decrease from the previous month. The total value of these transactions also fell to Rs 29.37 lakh crore, down from Rs 29.82 lakh crore in August.
This represents a 1.8% dip in transaction volume and a 1.5% drop in value compared to August. However, on a year-over-year basis, UPI saw significant growth, with transaction volume up 22.6% and value increased by 18.0% compared to September 2025. The figures from the National Payments Corporation of India (NPCI) exclude internal transfers between the same accounts.
Daily transaction averages showed an increase, with UPI processing approximately 802.3 million transactions per day in September, up from 790.6 million in August. The average daily transaction value also rose to Rs 97,913 crore from Rs 96,205 crore.
The average transaction size in September was approximately Rs 1,220, a marginal increase from Rs 1,217 in August. While monthly figures show a decline, the long-term trend for UPI transactions remains positive.