New Delhi, April 2 -- India's digital payment ecosystem continues to grow rapidly. UPI transactions have set a new record of Rs.29.53 lakh crore in March 2026, as detailed in data released by National Payments Corporation of India (NPCI).

The volumes have reached 22.64 billion transactions, driven primarily by festive spending and financial year-end activity. This development hence marks a 19% year-on-year rise in value and a sharp jump from February's figures of 26.84 lakh crore. Thus, reinforcing UPI's dominance in day-to-day financial activity nationwide.

Anand Kumar Bajaj, Founder, MD & CEO, PayNearby, highlighted that " the growth reflects deepening adoption of real-time payments in daily life. He noted that UPI's expansion is espe...