Record UPI Transactions Hit New Heights in May for PhonePe, GPay, and Paytm, While Digital Gold Sales Steady
PhonePe maintained its UPI dominance in May with 10.73B transactions, capturing 46.3% volume share.
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Tag: NPCI
UPI Soars to Over 23 Billion Monthly Transactions in May
UPI crossed 23 billion monthly transactions in May 2026, setting a new record for India’s payments network.
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PhonePe Achieves Milestone with 10 Billion UPI Transactions for Two Consecutive Months in April
Walmart-backed PhonePe processed over 10.33 billion UPI transactions in April, maintaining dominance.
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NPCI Introduces New MCC for UPI Gift Cards with Transaction Cap of Rs 10,000
The NPCI directs reclassification of gift card transactions under a new Merchant Category Code MCC 7016.
Read moreDetails“UPI Surpasses 22 Billion Transactions for Two Consecutive Months in April”
UPI recorded a slight decline in April 2026, processing 22.35 billion transactions worth Rs 29.03 lakh crore.
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“BHIM Soars from 15th to 6th Place with a Remarkable 4.7X Year-on-Year Volume Surge”
BHIM has surged with 4.7X growth in transactions, reaching 175.93M in Feb 2026, climbing to 6th among UPI apps.
Read moreDetailsPhonePe Dominates UPI Transactions with Impressive 45% Market Share in February
PhonePe dominated India's UPI ecosystem with 9.28 billion transactions worth Rs 13,10,392.95 crore.
Read moreDetailsFebruary Sees UPI Transaction Volumes Drop, Yet Daily Averages Climb to 728 Million
UPI recorded 20.39 billion transactions in February 2026, down from 21.70 billion in January.
Read moreDetailsUPI Achieves Record-Breaking 21.63 Billion Transactions in December
UPI processed 21.63 billion transactions in December 2025, the highest ever, with a 29% YoY rise in volumes.
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“November Sees Surge in UPI Digital Gold Transactions, Yet Value Takes a 47% Nosedive”
Digital gold transactions via UPI reached 123.42 million in November, showing a 6.4% rise in volume.
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