UPI eases to Rs 28.9 lakh crore in June from May's record high
UPI processed 22.72 billion transactions worth Rs 28.9 lakh crore in June, down from May's record Rs 29.9 lakh crore but up 20% year-on-year in value. Daily average held at 757 million transactions, reinforcing UPI as India's default retail payment rail, now live in 8 countries.
UPI transactions eased to Rs 28.9 lakh crore in June from May's record Rs 29.9 lakh crore, with 22.72 billion transactions and 20% annual value growth, reinforcing UPI as India's default payment rail for retail.
Why this matters
June marks a modest cooldown after May's all-time high, with volume slipping 2% MoM to 22.72 billion. Value still climbed 20% YoY, and the PhonePe-GPay duopoly dipped below 80% share, signaling gradual market diversification.
Retail-company signals accelerating at +476500% QoQ.
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