UPI transactions hit all-time high in May, cross Rs 25 trillion for the first time
New Delhi: Transactions on the Unified Payments Interface (UPI) reached a record high in May, with 18.68 billion transactions valued at Rs 25.14 trillion, according to data from the National Payments Corporation of India (NPCI).
According to the figures, as cited by Business Standard, the May numbers represent 4 per cent increase in transaction volume and 5 per cent in value, compared to 17.89 billion and Rs 23.95 trillion, respectively in April.
In terms of year-on-year growth, transaction volume saw a 33 per cent increase, while transaction value surged by 23 per cent. The previous all-time high for UPI transactions was recorded in March 2025, with 18.3 billion transactions and Rs 24.77 trillion in value.
The number of daily transactions too increased from 596 million in April to 602 million in May this year, leading to a rise in value from Rs 79,831 crore in April to Rs 81,106 crore in May, the report added.
Despite the surge in digital payments, the currency in circulation at the end of March stood at a record Rs 36.86 lakh crore, with Rs 500 notes dominating cash transactions. The Rs 500 note accounted for 41 per cent of all banknotes by volume and a staggering 86 per cent of total value, while smaller denominations, including Rs 20, Rs 50, Rs 100, and Rs 200, accounted for less than 36 per cent by number and just 10.9 per cent by value.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
