NEW DELHI
Digital payments in India continued to rise strongly in November 2025, with the Unified Payments Interface (UPI) crossing more than 19 billion transactions worth Rs 24.58 lakh crore by November 28, according to new data from the National Payments Corporation of India (NPCI). This shows clear year-on-year growth compared to November 2024, when UPI logged 15.48 billion transactions valued at Rs 21.55 lakh crore. The steady rise highlights how deeply digital payments have become a part of daily life in India.
The latest data shows that UPI’s transaction volume in November 2025 grew by about 23 per cent from last year, while the overall value increased by nearly 14 per cent. Looking back further, the growth is even more striking. Compared to November 2023, UPI transactions have risen almost 70 per cent in volume and more than 41 per cent in value within just two years.
NPCI figures also reveal a strong five-year trend. In November 2021, UPI recorded only 4.18 billion transactions worth Rs 7.68 lakh crore. By November 2022, the numbers had nearly doubled. Since then, UPI has shown consistent and sharp upward movement, reflecting India’s rapid shift from cash to digital payments. Between 2021 and 2025, UPI’s transaction volume has grown over four times, with total transaction value rising more than three times. This makes UPI a central pillar of India’s digital payment system.
For the financial year 2025–26 so far, UPI has processed 12.41 billion transactions. The average daily volume stands at 689.60 million, and the average daily value is Rs 91,324.77 crore. In the same period of 2024–25, daily averages were lower at 516.07 million transactions and Rs 71,839.58 crore. Rising smartphone use, simple payment apps, and widespread QR code acceptance have all contributed to UPI’s strong and steady growth.