Payagyi (Burmese: ဘုရားကြီး; also spelt Hpayargyi or Hpayagyi) is a town in Bago Township, Bago Region, Myanmar that was elevated from village status in 2013.

[2] The four villages the Hpayargyi village tract- Hpayagyi, Shansu, Taungpeteekone and Natkin- were consolidated into three urban wards of the newly created town of Payagyi by the Ministry of Home Affairs.

[3] The town is located roughly 10 miles northeast of Bago via the Yangon-Mandalay Highway.

Payagyi is also the starting point of National Highway 8 and serves as a junction along the Asian Highway Network between AH1's main route and its spur going to Yangon.

[4] In 2014, the 2014 Myanmar Census counted 16,805 people in the three urban wards of Payagyi.