EconomySunday, 31 May 2026·The Hindu
UPI hits record ₹29.90 lakh crore in May 2026 on NPCI data
UPI transactions touched a record ₹29.90 lakh crore in value and 23.2 billion in volume in May 2026.
Key highlights
Direct fact
In May 2026, UPI transactions in India hit a record ₹29.90 lakh crore in value and 23.2 billion in volume, according to data released by the National Payments Corporation of India (NPCI).
Key specifics
- April 2026 UPI transaction value was ₹29.03 lakh crore.
- May 2025 value was ₹25.14 lakh crore, showing 19% annual growth.
- April 2026 volume was 22.35 billion transactions, compared with 23.2 billion in May 2026.
- NPCI is an initiative of the RBI and the Indian Banks’ Association (IBA).
- UPI is live in over 8 countries, and the article names UAE, Singapore, Bhutan, Nepal and Mauritius.
Exam lens
Digital payments question, NPCI, RBI and IBA linkage, ₹29.90 lakh crore, 23.2 billion transactions, and UPI’s cross-border presence in over 8 countries are the key TNPSC facts.