EconomyFriday, 5 June 2026·The Hindu
UPI transactions hit ₹29.90 lakh crore in May 2026, with 23.2 billion payments
NPCI data showed UPI transactions reached a record ₹29.90 lakh crore in value and 23.2 billion in volume in May 2026.
Key highlights
Direct fact
In May 2026, the National Payments Corporation of India reported that Unified Payments Interface 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, up from ₹29.03 lakh crore in April 2026.
- May 2026 UPI volume: 23.2 billion transactions, compared with 22.35 billion in April 2026.
- Year-on-year value growth was 19% from ₹25.14 lakh crore in May 2025.
- Year-on-year volume growth was 24% from 18.67 billion transactions in May 2025.
- NPCI is an initiative of RBI and the Indian Banks’ Association.
Exam lens
Digital payments question, NPCI, UPI, ₹29.90 lakh crore, 23.2 billion transactions, RBI and IBA; TNPSC may ask the record UPI month and the institution operating it.