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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
LOK SABHA
UNSTARRED QUESTION NO. 136
ANSWERED ON MONDAY, JULY 20, 2026/ASHADHA 29, 1948 (SAKA)
Status of UPI in the Country
†136. DR. MANNA LAL RAWAT:
Will the Minister of FINANCE be pleased to state:
(a) the statutory status of the Unified Payments Interface (UPI) in India and the Act or regulation
under which it operates;
(b) the current number of UPI users and UPI transactions in the country, along with the details of
the number of users, State-wise;
(c) whether the UPI system is being used in countries other than India, if so, the names of such
countries and the details of the partner institutions thereof;
(d) whether NPCI International Payments Limited (NIPL) is an entity separate from the National
Payments Corporation of India (NPCI), if so, the details regarding its establishment, ownership,
objectives and jurisdiction;
(e) whether the Government has undertaken any new technical or policy initiatives to make UPI-
based digital transactions more secure and transparent, if so, the details thereof; and
(f) the details of any other information relating to the subject?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PANKAJ CHAUDHARY)
(a) Unified Payments Interface (UPI) is a payment system operated by National Payments Corporation
of India (NPCI), authorised under the Payment and Settlement Systems Act, 2007.
(b) NPCI has informed that there were 55.49 crore users onboarded on UPI platform as in June 2026.
The details of UPI transactions volume and value is attached at Annexure -I.
(c) UPI is linked with the payment systems of various countries to facilitate Person-to-Person (P2P)
remittances and Person-to-Merchant (P2M) transactions. The details of these countries, along with the
respective partner institutions, is attached as Annexure - II
(d) NPCI International Payments Ltd. (NIPL) is a wholly owned subsidiary of NPCI, incorporated in
April 2020 with the objective of partnering with foreign entities to take various NPCI payment
platforms, such as UPI and the RuPay card scheme, to international markets. This enables Indian tourists
and the Indian diaspora to make seamless cross-border payments while assisting partner countries and
entities in building their payment infrastructure, such as UPI-like real-time payment systems or RuPay-
like domestic card schemes.
(e) and (f) In order to make UPI-based transactions secure and transparent, various initiatives have
been undertaken by the Government, RBI and NPCI from time to time. These, inter alia, include risk-
based transaction limits to curb fraudulent transactions, safeguards against unauthorized mobile
number changes and misuse of SMS-based authentication, as well as enhanced security requirements
for UPI applications. Further, NPCI has issued the Comprehensive UPI Information Security
Framework (CUISF) 2025 and the Mobile Application Security Framework, mandating advanced
security controls to strengthen the safety and resilience of the UPI ecosystem.
*****Annexure – I
Annexure referred in reply of Lok Sabha Unstarred Question no. 136 for 20.07.2026 regarding
Status of UPI in the Country
UPI transactions during the last five financial years
Financial Year Volume (in Crore) Value (in lakh Crore)
FY 2021-22 4,595.61 84.16
FY 2022-23 8,371.44 139.15
FY 2023-24 13,112.95 199.95
FY 2024-25 18,586.60 260.56
FY 2025-26 24,161.69 314.23Annexure – II
Annexure referred in reply of Lok Sabha Unstarred Question no. 136 for 20.07.2026 regarding
Status of UPI in the Country
Countries using UPI along with Partner institutions
Sl. Country Live for Partner Institution Live since
1 Bhutan P2M RMA Bhutan July 2021
NETS Singapore Pte. Ltd., HitPay Payment
2 Singapore P2M August 2021
Solutions Pte. Ltd., LiquidPay Group Pte. Ltd.
Mashreq Bank PSC (NeoPay),
3 UAE P2M Network International April 2022
Magnati-Sole Proprietorship LLC
4 Singapore P2P BCS Paynow February 2023
5 France P2M LYRA Network February 2024
6 Mauritius P2M Bank of Mauritius February 2024
7 Sri Lanka P2M Lanka Pay Pvt. Ltd. February 2024
8 Nepal P2M FonePay Payment Services Ltd. March 2024
9 Qatar P2M Qatar National Bank September 2025
10 Greece P2P Eurobank S.A. May 2026
11 Nepal P2P Nepal Clearing House Limited (NCHL) June 2026
12 Cambodia P2M Acleda Bank PLC June 2026