EconomyWednesday, 10 June 2026·The Hindu - Economy
UPI transactions hit record ₹29.90 lakh crore in May 2026, with 23.2 billion payments
NPCI data showed UPI transactions touched a record ₹29.90 lakh crore in May 2026, with 23.2 billion transactions in volume terms.
Key highlights
Direct fact
In May 2026, Unified Payments Interface 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.
Key specifics
- May 2026 UPI value was ₹29.90 lakh crore, a record high.
- UPI volume reached 23.2 billion transactions in May 2026.
- April 2026 UPI value was ₹29.03 lakh crore, compared with ₹25.14 lakh crore in April 2025.
- Year-on-year growth in value terms was 19%, while volume growth was 24%.
- NPCI is an initiative of RBI and the Indian Banks’ Association and operates retail payments systems in India.
Exam lens
Question type: digital payments and banking, NPCI, UPI, ₹29.90 lakh crore, 23.2 billion, 19% growth. TNPSC may ask the expansion of UPI and the role of NPCI in India’s payment ecosystem.