New Delhi, 01 June (H.S.): Transactions through the Unified Payments Interface (UPI) reached a record high in May, driven by increased spending during the summer travel season and the popularity of the Indian Premier League (IPL). The total value of transactions climbed to Rs.29.90 lakh crore, while the transaction volume touched 23.2 billion.

According to data released on Monday by the National Payments Corporation of India (NPCI), UPI transactions surged to an all-time high during May, supported by heightened consumer activity linked to summer travel and the IPL season. As per the figures, transaction value reached Rs.29.90 lakh crore, while transaction volume stood at 23.2 billion.

In comparison, UPI transactions amounted to Rs.25.14 lakh crore in May last year, reflecting a year-on-year growth of 19 per cent in value. In April 2026, the total transaction value stood at ₹29.03 lakh crore.

In terms of volume, May also set a new record with 23.2 billion transactions, representing a 24 per cent increase from 18.67 billion transactions recorded during the corresponding period last year. Transaction volume in April 2026 was 22.35 billion.

According to the payment systems report released by the Reserve Bank of India, the average size of a UPI transaction declined from Rs.1,848 in 2021 to Rs.1,313 in 2025. However, this is not viewed as a concern; rather, it is considered an indication of a maturing digital payments ecosystem with wider adoption for everyday transactions.

UPI is currently operational in seven countries, including the United Arab Emirates, Singapore, Bhutan, Nepal, and Mauritius.

The National Payments Corporation of India, an initiative of the Reserve Bank of India and the Indian Banks' Association, operates retail payment and settlement systems across the country. The platform enables real-time payments between individuals and merchants, making it one of the key pillars of India’s rapidly expanding digital economy.

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Hindusthan Samachar / Jun Sarkar