UPI to account for 90% of retail digital payments by 2026-27: PwC India report

New Delhi: Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. Unified Payments Interface (UPI), which is driving the digital payments revolution, accounted for about 75 per cent of the total transaction volume in the retail segment during 2022-23, said the PwC report titled “The Indian Payments Handbook – 2022-27”.

UPI is projected to account for 90 per cent of the total transaction volume in retail digital payments over the next five years, the report said.