UPI Transactions in June 2026: Strong Growth Despite a Slight Monthly Dip
UPI eased from its record May high to process 22.72 billion transactions worth Rs 28.92 lakh crore in June 2026. Year-on-year growth stayed strong at 23% in volume and 20% in value, continuing India's steady digital payments expansion.
India's Unified Payments Interface (UPI) processed 22.72 billion transactions worth Rs 28.92 lakh crore in June 2026, according to data released by the National Payments Corporation of India (NPCI). While transaction volume and value dipped slightly from May's record high, UPI continued to register strong year-on-year growth, highlighting the continued expansion of digital payments across India.
Key Highlights
- UPI processed 22.72 billion transactions in June 2026.
- Total transaction value reached Rs 28.92 lakh crore.
- Transaction volume declined 2.1% month-on-month, while value fell 3.3%.
- Average daily UPI transactions increased to 757 million, up from 748 million in May.
- UPI transaction volume grew 23% year-on-year, while transaction value increased 20%.
- PhonePe and Google Pay's combined market share fell below 80% for the first time.
- Biometric UPI payments crossed 611 million transactions during the month.
UPI Transaction Volume and Value in June 2026
May 2026 was a record month for UPI, with 23.20 billion transactions worth Rs 29.90 lakh crore. In June, both figures eased slightly.
On a month-on-month basis, transaction volume fell by 2.1%, while transaction value declined by 3.3%.
Why Did UPI Transactions Fall in June 2026?
The slight decline does not indicate weaker demand. One of the biggest reasons is simply the calendar. May had 31 days, while June had only 30 days.
On a daily basis, UPI actually performed better in June, handling around 757 million transactions per day, compared to 748 million per day in May. The average daily transaction value stood at approximately Rs 96,405 crore.
If June had also been a 31-day month while maintaining the same daily transaction pace, UPI would have processed more than 23.4 billion transactions, surpassing May's record.
UPI Transactions Grew 23% Year-on-Year
Compared to June 2025, UPI transaction volume grew by 23%, while transaction value increased by 20%.
Last year, UPI processed transactions worth around Rs 24.03 lakh crore in June. The increase to Rs 28.92 lakh crore this year reflects the continued rise of digital payments across India.
For the full financial year 2025-26, UPI processed 241.62 billion transactions, up 30% from the previous financial year. The total transaction value reached Rs 314 lakh crore, marking an increase of nearly 20.6%.
UPI Market Share: PhonePe, Google Pay and Paytm
NPCI has not yet released app-wise market share data for June 2026. The latest available figures are for May 2026, and they indicate that PhonePe and Google Pay continue to dominate UPI payments, although their combined market share has dropped below 80% for the first time.
Together, the top three apps, PhonePe, Google Pay, and Paytm, accounted for around 87% of UPI transactions in May. This is down from more than 95% in January 2024, suggesting that smaller players are gradually gaining traction.
NPCI's own BHIM app has expanded its market share fivefold over the past two years to reach around 1%, while newer entrants such as Navi and Flipkart-backed super.money together account for roughly 5.5% of the market.
Biometric UPI Payments Continue to Grow
Another notable trend is the increasing adoption of biometric authentication for UPI payments.
In June 2026, more than 611 million UPI transactions were completed using fingerprint or facial recognition instead of a PIN. These transactions were worth Rs 25,416 crore and accounted for around 2.7% of all UPI transactions during the month.
Biometric authentication is gaining popularity because it offers faster and more convenient payments while also improving transaction success rates. Apps such as PhonePe, BHIM, CRED, along with several banking apps, now support biometric authentication for UPI payments.
UPI Transactions in June 2026 at a Glance
What June 2026 UPI Data Reveals
June 2026 shows that UPI continues to grow, even after the record-breaking numbers seen in May. While the total number and value of transactions were slightly lower, the drop was mainly because June had one fewer day than May, not because people were using UPI less.
In fact, the average number of daily transactions increased, showing that more people are using UPI every day. Compared to last year, transaction volume grew by 23%, while transaction value rose by 20%, highlighting the steady growth of digital payments across India.
The UPI market is also becoming more competitive. PhonePe and Google Pay still lead the space, but their combined market share has fallen below 80% for the first time, giving smaller apps more room to grow. At the same time, more users are choosing fingerprint and face authentication for UPI payments, making transactions quicker and more convenient. Overall, the latest data shows that UPI is not only growing in size but also becoming more accessible and user-friendly.
Muskaan Kapoor
FAQs
How many UPI transactions took place in June 2026?
UPI processed 22.72 billion transactions worth Rs 28.92 lakh crore in June 2026, according to NPCI.
Why did UPI transactions decline in June 2026?
The decline was mainly due to June having 30 days, compared to 31 days in May. On a daily basis, transaction volume actually increased from 748 million to 757 million transactions.
Which UPI app had the highest market share?
According to the latest available data for May 2026, PhonePe remained the largest UPI app with 46.26% market share by transaction volume, followed by Google Pay with 32.75%.
Did UPI continue to grow year-on-year?
Yes. Compared to June 2025, UPI transaction volume increased by 23%, while transaction value grew by 20%.
What was the total value of UPI transactions in June 2026?
UPI transactions worth Rs 28.92 lakh crore were processed during June 2026.
Why are biometric UPI payments becoming more popular?
Biometric authentication allows users to authorize payments using fingerprints or facial recognition instead of entering a UPI PIN. It offers faster authentication, improves convenience, and can help increase transaction success rates.
