By Admin 
UPI Record: Due to festivals and the end of the financial year, transactions through the popular Unified Payments Interface (UPI) hit a new record in March 2026. According to the data of National Payments Corporation of India (NPCI), the total value of transactions this month reached Rs 29.53 lakh crore and the number (volume) reached 22.64 billion.
This record of March 2026 is special because an average of 73 crore daily transactions took place on the UPI network, which is more than the daily average of 72.8 crore recorded in February 2026. Big festivals like Holi and Eid were also celebrated in this month. NPCI said that the total value of transactions in March was Rs 29.53 lakh crore, whereas in the same month last year it was Rs 24.77 lakh crore. In this way, an increase of 19 percent was recorded in transactions on an annual basis. In month-on-month comparison, this figure was Rs 26.84 lakh crore in February 2026, which was an increase of about 10 percent in March.
UPI’s March record: 22.64 billion transactions
March also set a new record on the basis of volume. A total of 22.64 billion transactions took place this month, whereas last month this figure was 18.3 billion. The number of transactions in February was recorded at 20.39 billion. Anand Kumar Bajaj, MD and CEO of PayNearby, said, “The continuous growth of the digital payments ecosystem in India shows that real-time payment systems have become an integral part of people’s daily lives. There were 22.64 billion transactions in March 2026, with a total value of Rs 29.53 lakh crore. This proves that UPI is one of the most trusted and convenient payment systems in the country.”
Digital is a reliable medium of payment
Today, UPI’s share in the total digital transactions in India is 85 percent. Its impact is visible even beyond the borders of the country. Nearly 50 percent of real-time digital payments globally are through UPI. UPI is already active in seven countries. UAE, Singapore, Bhutan, Nepal, Sri Lanka, France and Mauritius. Its entry in France is being considered as the first step of UPI in Europe, through which Indians living or traveling there can easily make digital payments.
UPI is operated under the initiative of NPCI, Reserve Bank of India (RBI) and Indian Banks Association (IBA). This system facilitates real-time payments between people and merchants, making daily transactions and purchases much easier.