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Cash no more? Why UPI powers nearly 9 out of 10 retail payments in India

Posted on June 1, 2026
By Financial Express
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1 min read

Cash no more? Why UPI powers nearly 9 out of 10 retail payments in India

Looking at the bigger picture, India processed over 200 billion UPI transactions in 2025-26. UPI handled 24.16 billion transactions during the year, up 30% from 18.59 billion the year before.