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New Delhi, Dec 1: The Unified Payments Interface (UPI) experienced a remarkable 32% increase in transaction counts year-on-year, reaching 20.47 billion in November. Additionally, the total transaction value rose by 22% annually, amounting to Rs 26.32 lakh crore, as reported by the National Payments Corporation of India (NPCI) on Monday.

According to NPCI data, the average daily transaction value for November was Rs 87,721 crore.

In November, the average daily transaction count was recorded at 682 million, an increase from 668 million in October.

Furthermore, transactions through the Instant Money Transfer Service (IMPS) totaled Rs 6.15 lakh crore in November, marking a 10% year-on-year growth, with a transaction count of 369 million. The daily transaction amount via IMPS was Rs 20,506 crore.

In October, UPI had already shown a 25% growth in transaction counts year-on-year, totaling 20.70 billion, with a 16% increase in transaction value at Rs 27.28 lakh crore.

UPI continues to lead the digital payments sector in India, with a 35% year-on-year increase in transactions, reaching 106.36 billion in the first half of 2025. The total transaction value during this period was an impressive Rs 143.34 lakh crore, underscoring the integral role of digital payments in daily life, as highlighted in Worldline’s India Digital Payments Report for the first half of 2025.

Person-to-merchant (P2M) transactions surged by 37% to 67.01 billion, largely driven by the 'Kirana Effect,' where small and micro enterprises have become essential to India's digital economy. Additionally, India's QR-based payment network saw significant growth, more than doubling to 678 million by June 2025, reflecting a 111% increase since January 2024.

India's Digital Public Infrastructure (DPI) has been pivotal in providing universal access to services, bridging the urban-rural divide, and enhancing the country's status as a global digital leader.