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Image Credit: Bloomberg Quint

UPI Transactions Touch Record High Of Rs 25.14 Lakh Crore In May

  • In May, UPI transactions in India reached a record high of Rs 25.14 lakh crore, showing a 23% increase from the previous year.
  • The number of UPI transactions in May was 1,868 crore, surpassing the April count of 1,789 crore.
  • The average daily transaction count in May was 60.2 crore, with an average daily transaction value of Rs 81,106 crore.
  • National Payments Corporation of India runs the Unified Payments Interface, facilitating real-time payments between peers and merchants.

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