UPI transactions surge from 2 crore in FY17 to over 24,162 crore in FY26
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Initially launched as a modest payment service a decade ago, UPI now drives everyday digital commerce throughout India, with transaction volumes climbing from a mere 2 crore in FY2016-17 to more than 24,162 crore in FY2025-26, according to an official fact‑sheet released on Saturday.
The JAM Trinity—comprising Jan Dhan, Aadhaar, and mobile connectivity—transformed financial inclusion and welfare distribution in India, pulling millions into the formal banking fold and granting smooth access to government services.
Jan Dhan Yojana swiftly broadened banking reach across the country. Bank accounts grew from 14.72 crore in March 2015 to 57.78 crore by February 2026, while deposits surged from ₹15,670 crore to ₹2.94 lakh crore over the same span.
Moreover, Aadhaar established a reliable biometric identity system for secure, instant digital authentication. Enrollments rose from 0.42 crore in 2010‑11 to beyond 144 crore by March 2026, as noted in the fact‑sheet.
Mobile connectivity further bolstered the JAM ecosystem by widening digital access nationwide. By March 2026, 85.5 % of Indian households possessed at least one smartphone, and more than 109 crore individuals enjoyed internet connectivity.
Collectively, JAM formed the foundation of Digital India’s inclusive governance framework. As of June 2026, direct benefit transfers exceeding ₹51 lakh crore reached 176 crore citizens, enhancing transparency and digital governance across the nation.
DigiLocker is supplanting paper documents with a secure digital wallet, revolutionizing how documents are stored and verified throughout India.
By March 2026, the platform had enrolled over 70.69 crore users and issued upwards of 850 crore documents, rendering verification quicker, paperless, and more dependable.
The Government e‑Marketplace (GeM) has reshaped public procurement, rendering it transparent, efficient, and paperless.
As of June 2026, GeM logged a cumulative Gross Merchandise Value (GMV) surpassing ₹18.4 lakh crore—including ₹5 lakh crore in FY 2025‑26—and facilitated market access for more than 11 lakh MSMEs.
