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UPI clocked its biggest month in May, transactions surpass Rs 29.90 lakh crore
India's digital payments network continued its rapid expansion in May, with Unified Payments Interface (UPI) transactions climbing to their highest-ever monthly levels in both value and volume, latest data from the National Payments Corporation of India (NPCI) showed. During the month, UPI handled 23.2 billion transactions worth Rs 29.90 lakh crore, surpassing the previous month's figures of 22.35 billion transactions and Rs 29.03 lakh crore. This reflects a 19% gain as compared to...