RBI data shows UPI processed Rs 29.90 lakh crore across 23.2 billion transactions in May 2026, cementing dominance over cash at retail checkouts. FY26 logged 24.16 billion transactions worth Rs 314.2 lakh crore, with merchant adoption at 67% across 710 districts and rollout extending to eight countries.

Financial Express · BrandWagon · 6/1/2026, 1:01:13 PM

RBI and Monetary Authority of Singapore are connecting UPI with Singapore's PayNow to enable instant, low-cost cross-border fund transfers. Users can transact reciprocally without onboarding to the other system, with operationalisation targeted for July 2022.

Moneycontrol · News Web · 5/31/2026, 3:06:29 AM