New Delhi: The Unified Payments Interface (UPI) continued its rapid rise in November 2025, crossing over 19 billion transactions worth ₹24.58 lakh crore as of November 28, according to data released by the National Payments Corporation of India (NPCI). This marks a sharp increase compared to the same period last year, when UPI recorded 15.48 billion transactions valued at ₹21.55 lakh crore in November 2024. The steady year-on-year growth highlights how digital payments have become deeply embedded in everyday life in India.
The latest figures show that UPI’s transaction volume in November 2025 grew by about 23 percent from November 2024, while the transaction value rose by nearly 14 percent. Compared to November 2023, the growth appears even stronger. In just two years, UPI transactions have increased by nearly 70 percent in volume and over 41 percent in value.
NPCI data also shows a consistent surge over the past five years. In November 2021, UPI logged only 4.18 billion transactions valued at ₹7.68 lakh crore, and by November 2022, the figures had nearly doubled. Since then, the system has maintained an upward trajectory, underscoring India’s rapid shift from cash to digital payments.
Add Zee News as a Preferred Source
The five-year trend presents a clear picture of this transformation. From 2021 to 2025, UPI’s transaction volume has grown more than fourfold, while the total transaction value has increased by over threefold. This remarkable rise underscores the platform’s role as the backbone of India’s digital payment ecosystem.
For the financial year 2025–26 so far, UPI has processed 12.41 billion transactions, with an average daily volume of 689.60 million and an average daily value of ₹91,324.77 crore. In comparison, during the same period in 2024–25, the average daily volume stood at 516.07 million and the average daily value at ₹71,839.58 crore, reflecting a clear increase in both the number and value of transactions.
This consistent growth can be attributed to rising smartphone penetration, simplified payment interfaces, and the widespread acceptance of QR-based payments by both small and large merchants.
Leave a Reply