In developments reported on June 2, 2026, published accounts tied the story to wider national and sector coverage. NPCI data showed UPI processed Rs 29.90 lakh crore across 23.20 billion transactions in May 2026.
Related briefings added that transaction value rose 19% year on year from Rs 25.14 lakh crore in May 2025; volume rose 24% to a new monthly record. May volume was up from 22.35 billion transactions in April 2026 while value edged up from Rs 29.03 lakh crore.
Subsequent updates explained that payment executives linked the surge partly to summer travel, IPL 2026 spending and seasonal retail activity.
Officials said further steps would follow as reviews continue.
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Sources:
https://timesofindia.indiatimes.com/business/upi-transactions-record