UPI hits record Rs 29.9 lakh crore in May, powered by IPL and summer travel spend
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.
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 1,31
ET Small Business · 6/1/2026, 7:32:33 AM · Ask about this →