EconomySaturday, 30 May 2026·The Hindu
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, Unified Payments Interface (UPI) transactions in India touched 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 value was ₹29.03 lakh crore, compared with ₹25.14 lakh crore in April 2025.
- May 2026 volume reached 23.2 billion transactions, up from 18.67 billion in the corresponding period a year ago.
- April 2026 volume was 22.35 billion transactions.
- UPI’s average ticket size fell from ₹1,848 in 2021 to ₹1,313 in 2025, as cited from the RBI’s Payments Systems Report.
- NPCI is an initiative of the RBI and the Indian Banks’ Association (IBA), and UPI is live in 7 countries including the UAE, Singapore, Bhutan, Nepal and Mauritius.
Exam lens
Economy and digital payments question: NPCI, RBI, IBA, ₹29.90 lakh crore, 23.2 billion transactions, 7 countries — a TNPSC one-liner on UPI growth and cross-border payments.