UPI hits 86% of India's retail payments with 23.2B transactions in May 2026
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.
UPI now powers 86% of India's retail payments, hitting 23.2 billion transactions in May 2026. RBI report highlights merchant adoption at 67%, new fraud tools (DPIP, MuleHunter.AI), aggregator rules, and global UPI rollout across eight countries.