UPI logs record 23.2 bn transactions worth Rs 29.90 lakh crore in May, up 19% YoY
Summer travel, IPL and seasonal consumer spending pushed UPI to its biggest month ever, eclipsing Rs 25.14 lakh crore in May 2024. Falling ticket sizes (Rs 1,313 vs Rs 1,848 in 2021) signal deeper everyday-spend penetration, while credit-on-UPI and cross-border rails open new retail growth pools.
UPI processed a record 23.2 billion transactions worth Rs 29.90 lakh crore in May 2025, up 19% YoY on travel and IPL spending.
Times of India · Business · 6/1/2026, 11:22:05 AM · Ask about this →