News > UPI transactions set new record, scale 14.04 billion peak in May

UPI transactions set new record, scale 14.04 billion peak in May

This was a six per cent increase compared to 13.30 billion in April in terms of volume and 4 per cent in value terms against 19.64 trillion rupees in April. Data shared by the National Payments Corporation of India (NPCI) said that the May figures were 49 per cent up in volume and 39 per cent up in value compared to the same month in 2023. May numbers were the highest in terms of value and volume since UPI turned operational in April 2016.