<ul><li>UPI transactions reached an all-time high of 18.68 Bn in May, growing by 4.4% from April.</li><li>Year-on-year, transactions increased by 33%, while the total transaction value for May was INR 25.14 Lakh Cr.</li><li>PhonePe and Google Pay remain top UPI players, holding around 80% market share, with Paytm following at 7%.</li><li>Industry advocates are pushing for reconsideration of zero MDR on UPI transactions, citing challenges in monetizing services.</li></ul>

UPI Transactions Jump 4.4% MoM In May, Touch All-Time High at 18.68 Bn

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