UPI Now Handles 80 Crore Transactions Daily: FM Sitharaman
UPI processes over 2,400 crore transactions a month, nearly 80 crore daily, said FM Sitharaman at the inauguration of RBI’s new data centre in Odisha’s Khordha.
Key Highlights
- Record Scale: UPI now processes over 2,400 crore transactions a month, or nearly 80 crore every day, FM Nirmala Sitharaman said.
- 13,000x Growth: UPI’s annual transaction volume has grown around 13,000 times since 2016-17.
- New RBI Facility: PM Narendra Modi inaugurated RBI’s Greenfield Data Centre and Training Institute in Khordha, Odisha.
- Critical Systems: The campus will house RBI’s mission-critical systems, including RTGS and NEFT.
- Data Centre Push: Data centres got infrastructure status in 2022, and Budget 2026-27 announced a tax holiday for foreign firms offering global cloud services from India.
India’s Unified Payments Interface (UPI) has become the world’s largest real-time payment system, now processing more than 2,400 crore transactions a month, or nearly 80 crore transactions every day, Union Finance Minister Nirmala Sitharaman said on Sunday.
Put simply, that works out to more than 9,000 UPI payments every second, round the clock.
The Finance Minister was speaking at the inauguration of the Reserve Bank of India’s Greenfield Data Centre and Training Institute by Prime Minister Narendra Modi in Khordha, Odisha. “UPI has become the world’s largest real-time payment system. Its annual transaction volume has grown around 13,000 times since 2016–17, and it now handles over 2,400 crore transactions in a single month, or nearly 80 crore transactions every day,” she said.
