- By Aditya Pratap Singh
- Tue, 03 Jun 2025 08:55 AM (IST)
- Source:JND
Transactions through the popular Unified Payments Interface (UPI) hit a record Rs 25.14 lakh crore in May, registering a 5 per cent growth over the previous month, according to data released by the National Payments Corporation of India.
UPI transactions stood at Rs 23.94 lakh crore in April.
In terms of volume, 1,867.7 crore transactions were processed in May as against 1,789.3 crore transactions in the previous month.
NPCI said the value of transactions stood at Rs 25.14 lakh crore in May, as against Rs 20.44 lakh crore in the same month last year, registering a growth of 23 per cent on an annualized basis.
Daily turnover averaged Rs 81,106 crore this month, up 1.5 per cent from Rs 79,831 crore in April. The last peak was in March, when value-added UPI transactions stood at Rs 1,867.7 crore. 24.77 lakh crore.
1868 crore UPI transaction record milestone. "Rs 25.14 lakh crore by May 2025 is a testament to the growth of India's digital payments ecosystem and the growing confidence in UPI as the preferred transaction method," Spice Money founder and CEO Dilip Modi said in a statement.
"Across urban centres and into the heart of India, digital finance is no longer aspirational, it has become foundational. The scale and spread of adoption underscore a silent digital revolution underway, driven by accessibility, simplicity, and trust in the system," he said.
The NPCI, an initiative of the Reserve Bank of India (RBI) and the Indian Banks Association, is an umbrella body for managing retail payment and settlement systems in India. It runs the Unified Payments Interface (UPI), which is used for real-time payments from peers or merchants at the time of purchase.
(With Inputs From PTI)