The National Payments Corporation of India (NPCI) recorded 10.65B UPI transactions under Unclassified in September 2026, compared with 2.36B in Maharashtra, the largest classified state in its state-wise data. The Unclassified row covers transactions NPCI could not place in a state; it is not a state and has not been redistributed among states.
Key observations
Unclassified transactions: The Unclassified volume was down from 10.88B in August. Unclassified accounted for 44% of UPI volume in September 2026 — 10.65B of the 24.07B transactions NPCI reported nationally — up from 13% in April 2023.
States by volume: Karnataka and Uttar Pradesh followed Maharashtra at about 1.25B transactions each in September, according to NPCI. Maharashtra’s volume was 2.39B in August and 1.97B in September 2025.
Transaction value: NPCI reported Rs 11.48 lakh crore in the Unclassified row in September, compared with Rs 2,73,884 crore in Maharashtra, Rs 1,72,198 crore in Karnataka and Rs 1,51,163 crore in Uttar Pradesh. The Unclassified value was Rs 11.62 lakh crore in August.
Read more:
- Report: NPCI receives multiple requests from merchant bodies, fintechs to delay UPI MDR rollout
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The post NPCI could not assign 10.65B UPI transactions to a state in September 2026; Maharashtra led among classified states with 2.36B appeared first on MEDIANAMA.