UPI hits record ₹29.9 lakh cr in May on 23.2 bn transactions, ticket size keeps shrinking
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.
UPI clocked a record ₹29.9 lakh crore on 23.2B transactions in May, up 19% in value and 24% in volume YoY, as ticket size falls to ₹1,313.
The Hindu BusinessLine · 6/1/2026, 7:21:23 AM · Ask about this →