India, Dec 01 : Unified Payments Interface (UPI) recorded a 32 per cent year on year growth in transaction count in November, reaching 20.47 billion transactions, according to data released by the National Payments Corporation of India (NPCI) on Monday. The total transaction value also rose 22 per cent annually to ₹26.32 lakh crore.
Average daily transaction volume in November stood at 682 million, up from 668 million in October, while the average daily transaction value reached ₹87,721 crore.
Meanwhile, instant money transfer (IMPS) transactions grew 10 per cent in value to ₹6.15 lakh crore, with 369 million transactions recorded during the month. Daily IMPS transactions averaged ₹20,506 crore.
UPI continues to dominate India’s digital payments ecosystem, with 106.36 billion transactions in the first half of 2025, up 35 per cent year-on-year, amounting to ₹143.34 lakh crore in value, as per Worldline’s India Digital Payments Report (1H 2025).
Person-to-merchant (P2M) transactions surged 37 per cent to 67.01 billion, driven by the “Kirana Effect,” where small and micro businesses increasingly adopt digital payments. QR-based payments also doubled to 678 million by June 2025, reflecting a 111 per cent rise since January 2024.
Experts say India’s Digital Public Infrastructure (DPI) continues to play a transformative role, expanding access to financial services, bridging urban rural divides, and cementing India’s position as a global leader in digital payments.