UPI Reaches All-Time High of ₹29.90 Trillion in Transaction Value in May 2026 as India's Digital Payment Landscape Soars

As per news report, Unified Payments Interface (UPI) transactions in India reached a record value of ₹29.90 trillion in May 2026, with transaction volumes also hitting an all-time high of 23.20 billion.  

This growth highlights the ongoing expansion and adoption of digital payments across the country. 

Record Growth in UPI Transactions 

In May 2026, UPI transactions saw a 3% increase in value, rising from ₹29.03 trillion in April 2026 to ₹29.90 trillion.  

The volume of transactions also grew by 4%, reaching 23.20 billion from 22.35 billion in the previous month.  

This marks the highest-ever figures since UPI's inception in April 2016. 

Daily transactions in May averaged 748 million, slightly up from 745 million in April. This growth follows a slight dip in April, attributed to fewer days in the month. 

Shift in Payment Preferences 

While UPI continues to dominate everyday transactions, high-value payments are increasingly being processed through credit cards.  

Credit card transaction values have surged from ₹8.9 trillion in 2021 to ₹23.2 trillion in 2025. UPI has become the preferred method for routine payments, including local merchant transactions and quick commerce. 

Read More: PhonePe Maintains UPI Lead with Over 10 Billion Transactions in April 2026! 

Other Payment Systems Performance 

Immediate Payment Service (IMPS) transactions experienced a slight decline in May, with volumes dropping to 358 million from 362 million in April.  

The value also decreased to ₹6.96 trillion from ₹7.01 trillion. FASTag transactions, however, increased by 5% to 375 million, with their value rising to ₹7,308 crore from ₹7,025 crore in April. 

Aadhaar Enabled Payment System (AePS) transactions fell by 6% to 88 million in May, with the value decreasing to ₹25,247 crore from ₹27,640 crore in April. 

Conclusion 

May's record UPI transaction values and volumes underscore the growing reliance on digital payments in India. Despite fluctuations in other payment systems, UPI remains a key player in the country's financial ecosystem. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.