The scope of digital payments in India continues to expand, and the Unified Payments Interface (UPI) has once again demonstrated its strong foothold. According to the latest data shared by the National Payments Corporation of India (NPCI), a total of 23.20 billion transactions were recorded via UPI in May 2026, marking a 24 per cent increase compared to the same period last year.
Year on Year Growth
On Monday, through a post on the social media platform X, the NPCI reported that total transactions worth ₹29.90 lakh crore were processed through UPI during May 2026—a 19 per cent increase compared to the previous year. This clearly indicates that not only is the volume of UPI transactions rising in the country, but high-value transactions are also increasingly being conducted through digital channels.
According to NPCI data, an average of 748 million transactions were processed daily in May. Furthermore, an average daily payment volume of ₹96,465 crore was processed through the UPI platform. This demonstrates that UPI has now become an integral part of the daily financial activities of the common people.
Meanwhile, 22.35 billion transactions were recorded via UPI in April 2026, a figure that rose to 23.20 billion in May. Similarly, the total transaction value stood at ₹29.03 lakh crore in April, rising to ₹29.90 lakh crore in May.
In April 2026, an average of 745 million daily transactions and a daily transaction value of ₹96,766 crore were recorded. While an increase in transaction volume was observed in May, the daily transaction value remained at approximately the same level.
In March 2026, the number of UPI transactions stood at 22.64 billion, and the total transaction value recorded was ₹29.53 lakh crore. Subsequently, a consistent increase in transaction volume was observed during both April and May, reflecting the growing acceptance of the digital payment system in India.
The continuously rising popularity of UPI signals that India is rapidly advancing towards a cashless and digital economy. Thanks to its easy, secure, and instant payment facilities, UPI has today become the preferred choice for everyone—from small shopkeepers to large-scale businesses and everyday consumers. The figures from May 2026 serve as proof that India is consistently setting new records in the realm of digital payments, with UPI emerging as its greatest strength.
