EconomyThursday, 11 June 2026·The Hindu - Economy
UPI hits record ₹29.90 lakh crore in May 2026 with 23.2 billion transactions
NPCI data showed UPI reached a record ₹29.90 lakh crore in value and 23.2 billion transactions in May 2026.
Key highlights
Direct fact
In May 2026, the National Payments Corporation of India (NPCI) reported that Unified Payments Interface (UPI) transactions touched a record ₹29.90 lakh crore in value and 23.2 billion in volume, driven by summer travel and IPL 2026 spending.
Key specifics
- May 2026 UPI value: ₹29.90 lakh crore, compared with ₹29.03 lakh crore in April 2026.
- May 2026 UPI volume: 23.2 billion transactions, up from 22.35 billion in April 2026.
- Year-on-year growth: 19% in value and 24% in volume over the corresponding period.
- NPCI is the umbrella organisation for retail payments and settlement systems in India, promoted by RBI and the Indian Banks’ Association (IBA).
- UPI is live in seven countries, including the UAE, Singapore, Bhutan, Nepal and Mauritius.
Exam lens
Question type: Digital payments and institutions. Key facts: NPCI, UPI, ₹29.90 lakh crore, 23.2 billion, seven countries. TNPSC may ask who operates UPI, the latest record value, or the countries where UPI is live.