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Unified Payment Interface (UPI) transactions in May scaled a new high of Rs 14.3 trillion in terms of value and 9.41 billion in volume. It is a 2 per cent rise in value (Rs 14.07 trillion) and 6 per cent in volume (8.89 billion) compared to April.
Transactions worth around Rs 3.96 trillion happened in the last ten days of May, according to data from the National Payments Corporation of India (NPCI). Compared to May in Financial Year 2022-23, transaction volume increased by 58 per cent and value by 37 per cent.
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