In May, the Unified Payments Interface (UPI) network recorded 14.04 billion transactions, showcasing a 49% year-on-year growth. The average daily transaction amount was Rs 65,966 crore, with a daily count of 453 million transactions. Both the NPCI and RBI are looking into expanding UPI's applications, especially in rural areas. Transaction value reached Rs 20.45 lakh crore in May, compared to Rs 19.64 lakh crore in April, marking significant progress for UPI.