UPI Transactions Exceed 20 Billion in November, Digital Payments Deepen

• UPI transactions exceeded 20 billion in November 2025, totaling ₹26.32 lakh crore.
• The platform recorded strong year-on-year growth, with a 32% increase in volume and a 22% rise in value.
• Industry experts highlight UPI's deep integration into everyday Indian financial behavior, driven by reliability and expanded QR acceptance.
• Growth remains robust post-festive season, with rising usage in tier-2/3 towns and a shift towards higher-value payments.
• Innovations such as Credit on UPI, Reserve Pay, and biometric authentication are set to shape the future of digital payments.

Why It Matters: UPI's 20B transactions show digital payments are foundational to India's economy.