For fintechs like Kiwi, this creates a strong foundation for embedded credit experiences built directly into everyday payment journeys.
FinTech BizNews Service
Mumbai, March 1, 2026: Financial transactions on the UPI have registered 27 % y/y growth in volume at 20.39 billion in Feb26, as per the monthly data released by National Payments Corporation of India (NPCI) on Sunday.
The UPI has registered 22 % y/y growth in value at Rs26.84 trillion in Feb26, as per the NPCI data.
Siddharth Mehta, Co-founder, Kiwi, explains:
"February’s UPI data signals that digital payments growth is now structural, not seasonal. Beyond volume expansion, we’re seeing deeper merchant penetration and higher-value transactions, indicating that consumers are moving routine spends, not just small transfers onto UPI. For fintechs like Kiwi, this creates a strong foundation for embedded credit experiences built directly into everyday payment journeys."
