UPI transactions hit a record high in May 2026, with the National Payments Corporation of India (NPCI) reporting 23.2 billion transactions worth Rs 29.90 lakh crore, up 24 % and 19 % respectively on an annual basis, because of summer travel, IPL 2026, and seasonal consumer spending, as per PTI. The April figures stood at 22.35 billion transactions valued at Rs 29.03 lakh crore. Looking at the bigger picture, India processed over 200 billion UPI transactions in 2025-26. UPI handled 24.16 billion transactions during the year, up 30% from 18.59 billion the year before. The value of those transactions rose 20.6% to Rs 314.2 lakh crore. UPI now accounts for nearly 86% of all retail payment transactions in the country, according to the latest RBI report For context: three years ago, that share was closer to 80%. The big picture on digital payments Total cashless transactions across all payment systems grew 26.8% in volume during 2025-26. In value terms, all digital payments combined, from large corporate settlements via RTGS to small peer-to-peer UPI transfers, reached Rs 3,251 lakh crore during the year.