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Summer question and IPL fever pushed transactions done the fashionable Unified Payments Interface (UPI) to a grounds precocious of ₹29.90 lakh crore and 23.2 cardinal successful worth and measurement terms, respectively, successful May, according to information released by the National Payments Corporation of India.
National Payments Corporation of India (NPCI) said the worth of transactions was astatine ₹29.03 lakh crore successful April against ₹25.14 lakh crore successful the aforesaid period a twelvemonth ago, registering a 19% maturation connected an yearly basis.
In measurement terms, it acceptable a caller grounds with 23.2 cardinal transactions during the month, up 24% from 18.67 cardinal successful the corresponding period.
The UPI transaction successful measurement presumption was 22.35 cardinal recorded successful April, 2026.
According to Cashfree Payments co-founder & CEO Akash Sinha, May's numbers bespeak beardown integrated demand. Summer travel, IPL 2026, and seasonal user spending drove 23.20 cardinal transactions worthy ₹29.90 lakh crore during the month, which is simply a steadfast month-on-month betterment and a continuation of UPI's dependable upward trajectory.
The RBI's Payments Systems Report shows UPI's mean summons size has declined from ₹1,848 successful 2021 to ₹1,313 successful 2025, helium said, adding, this is not a concern, it is simply a motion of a maturing ecosystem.
"The adjacent maturation frontier volition beryllium additive to each of this. Credit-on-UPI is inactive successful aboriginal innings and represents a important caller measurement pool. Cross-border UPI is unrecorded successful implicit 8 countries and expanding, bringing a full caller transaction class onto the rails," helium added.
UPI already unrecorded successful 7 countries, including the UAE, Singapore, Bhutan, Nepal, and Mauritius.
NPCI, an inaugural of the Reserve Bank of India (RBI) and the Indian Banks' Association, is an umbrella organisation for operating retail payments and colony systems successful India (IBA).
It runs the UPI utilized for real-time payments betwixt peers oregon astatine merchants' extremity portion making purchases.
