India’s Unified Payments Interface (UPI) demonstrated robust growth in November 2025, processing over 19 billion transactions worth Rs 24.58 lakh crore as of November 28, according to preliminary data from the National Payments Corporation of India (NPCI).
This figure reflects a 23% year-on-year increase in volume from 15.48 billion transactions valued at Rs 21.55 lakh crore in November 2024, with transaction value up nearly 14%. The platform’s ascent highlights deepening digital payment adoption amid everyday commerce and merchant expansion.
NPCI’s early snapshot underscores UPI’s role in India’s cashless shift, with five-year trends showing volume more than quadrupling since November 2021’s 4.18 billion transactions. For FY26 to date, UPI averaged 689.60 million daily transactions worth Rs 91,324.77 crore.
These preliminary metrics signal sustained momentum, positioning UPI as a cornerstone of the nation’s financial infrastructure.
