Digital payments in India continued to expand at a strong pace as the Unified Payments Interface recorded more than 19 billion transactions valued at Rs 24.58 lakh crore in November 2025, based on data shared by the National Payments Corporation of India. These numbers were reported as of November 28 and reflect how deeply UPI has become a part of everyday financial activity across the country.
The latest figures show a clear rise from the same month last year when UPI registered 15.48 billion transactions worth Rs 21.55 lakh crore in November 2024. This means transaction volume increased by about 23 percent and the overall value grew by nearly 14 percent in one year.
The growth appears even stronger when compared with the performance two years ago. In November 2023, UPI numbers were much lower and since then transaction volume has climbed by nearly 70 percent while the value has grown by more than 41 percent. This shift highlights how India continues to move steadily away from cash and toward digital payment methods.
A longer view of the past five years presents an even clearer picture of this transition. In November 2021, UPI handled only 4.18 billion transactions worth Rs 7.68 lakh crore. By November 2022, these numbers had almost doubled. Since then, the upward trend has remained consistent. Between 2021 and 2025, transaction volume has increased more than four times and the total value has grown more than three times. This strong rise shows UPI’s position as a central part of India’s digital payment network.
Looking at the financial year 2025 to 2026 so far, UPI has already 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. During the same period in the previous financial year, the average daily volume was 516.07 million and the average daily value was Rs 71,839.58 crore. This comparison shows clear growth in both the number of transactions and the amount of money being moved.
The steady rise in UPI usage is supported by wider availability of smartphones, simple payment interfaces and increasing adoption of QR based payments by small and large merchants across the country.
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