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Below the Quote on UPI Monthly Transaction Numbers by Anand Kumar Bajaj, Founder, MD & CEO, PayNearby

“India’s digital payments ecosystem continues to demonstrate steady scale and adoption, with deeper trust being built on UPI playing a central role. In February 2026, UPI recorded 20.39 billion transactions amounting to 26.84 lakh crore, reaffirming its role as the backbone of everyday commerce across urban and rural Bharat.

The consistent growth in volumes highlights that digital payments are now a deeply embedded habit for consumers and merchants alike. Adoption continues to expand beyond metros, with smaller cities and neighborhood retailers driving the next phase of growth. At PayNearby, we are witnessing this shift closely through PayNearby Saathi, which is helping onboard the next wave of users by enabling assisted to self service digital adoption across communities. UPI today powers the majority of retail digital transactions in the country, strengthening financial access at scale.

Continued ecosystem developments across security, recurring payments, and credit integration are strengthening system reliability and user confidence. As India advances toward Viksit Bharat, expanding secure and accessible digital infrastructure for micro-entrepreneurs and last-mile retailers will remain essential to deepening financial access”. 

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