UPI transactions hit record highs in May, driven by summer spending, with 23.20 billion transactions worth ₹29.90 trillion.

UPI transactions soared to a record ₹29.9 lakh crore in May, driven by summer travel and IPL excitement.

Unified Payments Interface transactions reached record highs in May. Summer travel and the IPL fueled this surge. Value and volume of transactions saw significant growth. This…

Daily average transaction volumes rose to 748 million in May from 745 million in April, reflecting higher adoption of UPI for retail consumer payments.