UPI transaction crosses Rs 25 lakh crore in May, both value and volume see growth

Unified Payments Interface (UPI) transactions reached a record high of Rs 25.14 lakh crore in May. According to the data released by the National Payments Corporation of India, the value of total transactions grew by 5 percent on a month-on-month basis, as it stood at Rs 23.94 lakh crore in April.

On a year-on-year basis, the UPI transactions posted a 23 percent growth in terms of value. In May last year, the total value of transactions was Rs 20.44 lakh crore.