India's UPI Processes 21.7B January Transactions

India's Unified Payments Interface processed 21.70 billion transactions worth ₹28.33 lakh crore in January 2026, representing 81% of all retail digital transactions.
UPI has expanded to 691 participating banks as of January 2026 and accounts for 49% of global real-time payment transactions, making it the world's largest real-time payment system by volume.
RBI mandated enhanced two-factor authentication for digital payment transactions effective April 1, 2026, adding PINs, biometrics, or secure tokens alongside OTPs for increased security.
UPI is now operational or linked with payment systems in UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, and Qatar, facilitating cross-border transactions.