The minister also pointed out that UPI is no longer limited to domestic usage and is steadily expanding internationally. At present, UPI is operational in eight countries, where it functions after currency conversion while complying with local laws and regulations.

Transactions through the Unified Payments Interface (UPI) touched a record value of Rs 230 lakh crore in the current financial year till December 2025, the government informed the Rajya Sabha on Tuesday, highlighting the rapid expansion of India’s digital payments ecosystem.

Replying to supplementary questions during Question Hour, Minister of State for Finance Pankaj Chaudhary said UPI transactions have been growing at a fast pace, reflecting increasing adoption across the country. He noted that the value recorded so far in 2025-26 is significantly higher compared to Rs 139 lakh crore in total UPI transaction value during the entire financial year 2022-23.

The minister also pointed out that UPI is no longer limited to domestic usage and is steadily expanding internationally. At present, UPI is operational in eight countries, where it functions after currency conversion while complying with local laws and regulations.

In a written reply to Parliament, Finance Minister Nirmala Sitharaman stated that UPI is currently working in Bhutan, France, Mauritius, Nepal, Qatar, Singapore, Sri Lanka and the United Arab Emirates. She added that the government, the Reserve Bank of India (RBI), and NPCI International Payments Ltd (NIPL) are jointly taking several initiatives to expand UPI’s global footprint.

These efforts include operationalising linkages between UPI and fast payment systems of partner countries to enable cross-border person-to-person remittances, as well as creating travel-based corridors to facilitate person-to-merchant payments abroad.

The finance minister further said that an International Monetary Fund (IMF) report released in June 2025 recognised UPI as the world’s largest retail fast-payment system by transaction volume. According to the ACI Worldwide Report 2024, UPI accounts for nearly 49 per cent of global real-time retail payment transactions, underscoring India’s leadership in digital payments.