May UPI volumes rose 4% MoM to 23.20 billion transactions; value climbed 3% to ₹29.90 trillion. Daily run-rate hit 748 million transactions and ₹96,465 crore. PhonePe holds 46.2% volume share, Google Pay 33%, Paytm 8%. Average ticket size has shrunk to ₹1,313 from ₹1,848 in 2021 as UPI penetrates everyday and quick-commerce spend.

The Hindu BusinessLine · 6/1/2026, 3:07:04 PM

23.2 billion transactions clocked in May, up 24% YoY in volume and 19% in value. Average ticket size slipped to ₹1,313, signaling deeper merchant penetration into everyday retail. Credit-on-UPI and cross-border acceptance across 7 countries emerge as next growth pools.

Mint · Money · 6/1/2026, 11:22:35 AM

Summer travel, IPL and seasonal consumer spending pushed UPI to its biggest month ever, eclipsing Rs 25.14 lakh crore in May 2024. Falling ticket sizes (Rs 1,313 vs Rs 1,848 in 2021) signal deeper everyday-spend penetration, while credit-on-UPI and cross-border rails open new retail growth pools.

Times of India · Business · 6/1/2026, 11:22:05 AM

India's UPI rails clocked 23.2 billion transactions worth Rs 29.9 lakh crore in May, up 24% in volume and 19% in value YoY. Falling average ticket size (Rs 1,313 vs Rs 1,848 in 2021) signals deeper everyday-retail penetration, with credit-on-UPI and cross-border rollout across eight countries as next levers.

ET Small Business · 6/1/2026, 7:32:33 AM

UPI clocked a record ₹29.9 lakh crore across 23.2 billion transactions in May, up 19% in value and 24% in volume YoY, lifted by summer travel and IPL spending. Average ticket size has fallen to ₹1,313 from ₹1,848 in 2021, as Credit-on-UPI and cross-border rails emerge as the next growth levers for Indian retail.

The Hindu BusinessLine · 6/1/2026, 7:21:23 AM

B2B quick-commerce platform Fairdeal.Market raised $15M Series A led by Bertelsmann India with WaterBridge Ventures, deploying capital into dark-store expansion across Delhi-NCR. The network promises 60-minute delivery on 1,000+ SKUs to kirana and HoReCa buyers, riding 78% YoY GTV growth as B2B grocery distribution digitises.

YourStory · 5/26/2026, 9:11:13 AM

Payments fintech logged 78% YoY GTV growth in Q4 FY26 and turned EBITDA-positive in March 2026. Cross-border GTV surged 8x with net revenue up 10x, as Cashfree targets a 25% cross-border revenue share and plans a fresh funding round to scale internationally.

YourStory · 5/26/2026, 6:48:32 AM

Bengaluru-based payments firm targets a $100M+ Series D in FY27 to scale cross-border rails, AI infra and global expansion. FY26 revenue hit ₹1,000 crore (+55%), with full-year Ebitda profitability in sight ahead of a planned IPO inside three years.

Business Standard · Companies · 5/25/2026, 2:29:05 PM

Cashfree Payments turned EBITDA positive in March 2026, posting ~₹1,000 crore FY26 revenue with GTV up 78% Q4-on-Q4 and merchant base 50% higher YoY. Cross-border GTV grew 8x and net revenue 10x, set to contribute ~25% of revenue. A fresh funding round is planned as the firm targets full-year EBITDA profitability in FY27.

The Hindu BusinessLine · 5/25/2026, 1:49:41 PM

CEO Akash Sinha is pivoting Cashfree to SME merchants (+100% YoY) and cross-border (2x revenue) to escape a post-RBI-embargo plateau at ~₹640 Cr. FY25 losses widened to ~₹150 Cr while rival Razorpay scaled to ₹3,783 Cr. A private fundraise is on the table as the PA explores a path back to growth and profitability.

Inc42 · Buzz · 5/23/2026, 8:03:11 AM

CEO Akash Sinha is steering Cashfree toward a ₹1,000 Cr FY26 topline, doubling SME merchants and cross-border revenue while serving Zepto, BigBasket and OpenAI. But FY25 losses widened to ~₹150 Cr as Razorpay's ₹3,783 Cr scale and agentic AI investments squeeze margins across India's 55+ PA licence holders.

Inc42 · 5/23/2026, 8:03:05 AM