What is the latest update on UPI transaction volume in India?

UPI transactions in November reached ₹26.32 lakh crore, showing a 22% year-on-year increase in volume.

How many UPI transactions occurred in November?

In November, UPI transactions touched 20.47 billion, a significant 32% year-on-year rise.

Is UPI being linked with Europe's payment system?

Yes, the Reserve Bank of India has begun implementing the integration of UPI with Europe's TARGET Instant Payment Settlement (TIPS) system.

Home / Business and Economy / UPI Transactions Surge 32% Amidst Global Expansion Talks

UPI Transactions Surge 32% Amidst Global Expansion Talks

2 Dec, 2025

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Summary

UPI transactions volume grew 22% year-on-year to ₹26.32 lakh crore in November.
Transaction numbers for UPI reached 20.47 billion, a 32% annual increase.
India's UPI is undergoing implementation phase for integration with Europe's TIPS system.

UPI Transactions Surge 32% Amidst Global Expansion Talks

Unified Payments Interface (UPI) transactions in India demonstrated robust growth in November, with volume climbing 22% year-on-year to ₹26.32 lakh crore. The total number of transactions recorded a substantial 32% annual increase, reaching 20.47 billion, underscoring the accelerating pace of digital payments adoption across the nation. Daily transactions averaged 682 million, with an average daily transaction value of ₹87,721 crore, according to data from the National Payments Corporation of India.

These figures represent a continued upward trend, with UPI witnessing a 16% increase in transaction amounts and a 25% rise in transaction counts compared to October. The system processed ₹27.28 lakh crore across 20.70 billion transactions in the preceding month. The Reserve Bank of India and NPCI International Payments Limited are now in the implementation phase of linking UPI with Europe's TARGET Instant Payment Settlement (TIPS) system, following discussions with the European Central Bank.