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UPI volume rises 27% to 145 billion in first half FY27

2026-10-02 · 1 source · Economic Times ETtech

In short

UPI transaction volume rose 27% to 145 billion in the first half of FY27. NPCI data says that compares with 114 billion in the April-September quarter of the previous financial year.

The report shows stronger use of digital payments. It does not say what caused the jump or whether the trend will continue.

What the reporting says

UPI volume rose 27% to 145 billion in the first half of FY27, compared with 114 billion in the April-September quarter of the previous financial year, according to NPCI data. The publisher summary does not give the full date range for FY27 or explain the drivers of the increase. The immediate consequence is a clear rise in digital payments activity, but the underlying reason is not stated.

Why it matters

UPI volume rose 27% to 145 billion in the first half of FY27, compared with 114 billion in the April-September quarter of the previous financial year, according to NPCI data cited in the summary. The report points to a strong increase in digital payments activity, but it does not explain the drivers or say whether this pace will hold. No revenue or company-level effect is provided.

Touches: Banking, Companies, Economy

Sources