UPI Shatters Records in December 2025: Volume & Value Hit All-Time Highs

• UPI transactions reached all-time highs in volume (21.63 billion) and value (₹27.97 lakh crore) in December 2025.
• Volume increased 29% year-on-year, while value saw a 20% year-on-year rise, surpassing October 2025's peak.
• Akash Sinha of Cashfree Payments attributes the growth to a "structural shift in consumer behaviour," not just seasonal trends.
• UPI is becoming the default payment mode across metros, tier 2, and tier 3 cities, showcasing robust digital payments infrastructure.
• Future growth expected from new payment behaviours like conversational payments, biometrics, and cross-border use cases.

Why It Matters: UPI's record-breaking December 2025 signifies a permanent shift towards digital payments in India.