On average, 682 million UPI transactions worth ₹87,721 crore were recorded daily in November | Photo credit: ALLEN EGENUSE J
Transaction volume and value increased by 32 percent year-on-year (year-on-year) and 22 percent year-on-year, respectively, in November. The UPI transaction volume rose to 20.70 billion in October, coinciding with festivals and GST rate cuts by the Centre.
On an average, 682 million UPI transactions worth ₹87,721 crore were recorded daily in November. NPCI data shows that users most actively chose UPI for making payments at groceries, supermarkets, food chains, bill payments and at petrol stations.
Anup Agarwal, co-founder of Kiwi, says that even after October’s record highs, activity remained steady in November, demonstrating the level of trust and reliability that people now associate with UPI.
“Alongside this increase, there is a marked shift in the way consumers are starting to use UPI. Credit on UPI is becoming an important part of this journey, giving users the flexibility to manage spend, maintain cash flow and build a stronger credit footprint, while continuing to pay through a trusted and trusted interface. These behaviors are becoming more visible every month and will play a meaningful role in shaping the next phase of India’s digital financial ecosystem,” he said.
Published on December 1, 2025
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