UPI transactions grow 32% in Nov as consumption remains robust

The unified payments interface (UPI) saw 32 per cent transaction count growth (year-on-year) at 20.47 billion in the month of November — along with registering 22 per cent annual growth in transaction amount at Rs26.32 lakh crore, the National Payments Corporation of India (NPCI) data showed on Monday.

Average daily transaction amount in November stood at Rs87,721 crore, the NPCI data showed. The month of November recorded 682 million average daily transaction counts, up from 668 million registered in October.

Meanwhile, monthly transactions via instant money transfer (IMPS) stood at 6.15 lakh crore in November, up 10 per cent year-on-year, as transaction count stood at 369 million. Daily transaction amount via IMPS stood at Rs20,506 crore. In October, UPI witnessed 25 per cent transaction count growth (year-on-year) at 20.70 billion — along with registering 16 per cent annual growth in transaction amount at Rs27.28 lakh crore.

Notably, UPI continues to dominate the country’s digital payments landscape, with transactions surging 35 per cent year-on-year (YoY) to reach 106.36 billion in the first half of 2025, data showed.The total value of these transactions stood at a massive Rs143.34 lakh crore -- highlighting how deeply digital payments have become a part of everyday life in India, according to Worldline’s India Digital Payments Report (1H 2025).