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UPI records highest ever monthly transactions at 21.63 Bn in December

EntrackrEntrackr · 29d ago
UPI records highest ever monthly transactions at 21.63 Bn in December
Medial

UPI records highest ever monthly transactions at 21.63 Bn in December. Unified Payments Interface processed 21.63 billion transactions in December 2025, the highest monthly transaction count ever recorded on the platform, with a 29% year on year rise in volumes, according to data released by the National Payments Corporation of India. In value terms, UPI transactions stood at Rs 27.97 lakh crore. The platform handled an average of 698 million transactions per day, while the average daily transaction value was Rs 90,217 crore. On a month on month basis, transaction volumes increased from 20.47 billion in November, while transaction value rose from Rs 26.32 lakh crore. In November, UPI had reported 32% YoY growth in volumes and 22% growth in value, with December surpassing all previous months in terms of transaction count. UPI’s continued scale up has been driven by strong adoption across everyday consumer spends and merchant payments. November data showed higher activity across categories such as groceries, food services, telecom and fuel, indicating deeper penetration of digital payments in routine transactions. App wise data for December is yet to be released. However, November figures showed PhonePe strengthening its leadership position, while Google Pay saw a marginal dip in market share. Paytm remained the third largest player, with smaller apps such as Navi, super.money, Cred and BHIM accounting for an increasing share of overall transaction volumes.

UPI processes 20.47 Bn transactions in November

EntrackrEntrackr · 2m ago
UPI processes 20.47 Bn transactions in November
Medial

UPI processes 20.47 Bn transactions in November This marks the third time since its launch that UPI has crossed 20 billion monthly transactions, the earlier instances being in October and August this year. Unified Payments Interface recorded 20.47 billion transactions in November 2025, slightly below the 20.70 billion transactions reported in October, according to fresh data from NPCI. Despite the marginal month-on-month decline, UPI transactions grew 32% year on year. In terms of value, UPI reported Rs 26.32 lakh crore in November compared to Rs 27.28 lakh crore in October. While the annual growth rate stood at 22%, the monthly dip points to a mild cool off after October which was driven by festival-related spending. Average daily transactions rose to 682 million, while the average daily transaction value stood at Rs 87,721 crore, slightly below October which reported Rs 87,993 crore. In October, PhonePe continued to dominate the ecosystem with 9.4 billion UPI transactions, well ahead of Google Pay and Paytm. NPCI has not yet released the UPI app-wise distribution for November. UPI, launched by NPCI in 2016, has expanded steadily beyond India through NPCI International to enable merchant payments and cross-border transactions. It is already live in countries such as Singapore, UAE, Bhutan, Nepal, France, Sri Lanka, and Mauritius, with more overseas partnerships currently under rollout. Recently, the Reserve Bank of India said that UPI will be interlinked with TARGET Instant Payment Settlement, the instant payment system operated by the Eurosystem.

PhonePe gains market share in November; Google Pay sees marginal dip

EntrackrEntrackr · 1m ago
PhonePe gains market share in November; Google Pay sees marginal dip
Medial

PhonePe gains market share in November; Google Pay sees marginal dip Unified Payments Interface recorded 20.47 billion transactions worth Rs 26.32 lakh crore in November, as per data released by the National Payments Corporation of India. PhonePe remained the largest UPI app during the month. The Walmart-backed fintech firm processed 9.33 billion transactions, which formed 45.6% of total UPI volume and 48.5% of total transaction value. PhonePe gained market share in November despite a slight decline in transaction volume compared with October. Google Pay ranked second with 7.03 billion transactions in November. The Alphabet owned app held a 34.4% share by volume and an identical 34.4% share by value, which kept it well ahead of other competitors. Google Pay saw a minor month on month dip in November, with both transaction volumes and market share edging slightly lower compared to October. Paytm stood third with 1.55 billion transactions, accounting for 7.6% of overall UPI volumes. The company processed payments worth Rs 1.64 lakh crore, which translated into a 6.2% share by value. Among the smaller players, Navi processed 609 million transactions in November with a transaction value of Rs 32,290 crore, giving it a 3% share by volume. super.money recorded 265 million transactions worth Rs 10,581 crore, while Cred handled 154 million transactions with a transaction value of Rs 59,261 crore, supported by higher ticket size payments. BHIM processed 141 million transactions during the month with a value of Rs 18,377 crore. Axis Bank apps together recorded 236 million transactions worth Rs 16,221 crore, including customer initiated, B2C and B2B payments. Amazon Pay handled 89 million transactions valued at Rs 10,147 crore, while FamApp by Trio recorded 150 million transactions worth Rs 1,868 crore. After the festive peak in October, the November data points to steady momentum for UPI across consumer and merchant payments in India. When it comes to spending trends via UPI, November usage remained centred on daily consumption categories. Groceries and supermarkets led the charts with 3.22 billion transactions worth Rs 71,129.56 crore, followed by fast food and restaurant categories which together recorded over 2.6 billion transactions. Telecommunication services logged 818 million transactions valued at Rs 21,399.70 crore, while service stations featured among the top categories with 658 million transactions worth Rs 40,320.95 crore. Digital gold purchases touched 123.42 million transactions in November, an increase of 6.4% from October by volume, though value dropped sharply to Rs 1,215.36 crore from the previous month.

PhonePe hits 9.8 Bn UPI transactions in December; BHIM overtakes CRED

EntrackrEntrackr · 11d ago
PhonePe hits 9.8 Bn UPI transactions in December; BHIM overtakes CRED
Medial

PhonePe hits 9.8 Bn UPI transactions in December; BHIM overtakes CRED PhonePe has continued to tighten its grip on India’s UPI ecosystem in December with 9.81 billion customer-initiated transactions worth Rs 13.61 lakh crore, according to data compiled from NPCI disclosures. The Walmart-backed fintech held a 45.35% market share by volume and 48.68% by value among the top 10 UPI apps during the month. Google Pay retained the second position with 7.5 billion transactions, accounting for a 34.64% share of total volumes and 34.25% of overall transaction value. Paytm stayed in third place with 1.65 billion transactions in December, representing a 7.65% share by volume and 6.32% by value. Beyond the top three, activity remained fragmented. Navi reported 678 million transactions, while super.money recorded 287 million transactions during the month. The government-backed BHIM app saw 158 million transactions, while CRED slipped to eighth position with 157.25 million transactions. However, CRED registered nearly three times higher transaction value compared to BHIM. Axis Bank’s UPI apps and WhatsApp Pay remained small contributors, each accounting for less than 1% of total transaction volumes. The strong app-level numbers came as UPI overall logged one of its highest-ever monthly transactions in December, with 21.63 billion transactions worth Rs 27.97 lakh crore. The increase was mainly due to year-end spending, continued festive demand, and more people using UPI for small offline payments in tier II and tier III cities. In December, UPI transactions were led by everyday consumption categories, as groceries and supermarkets topped the chart, followed by fast food outlets, restaurants, telecom services, and fuel stations. Digital gold also saw a strong uptick during the month, recording 183.32 million transactions worth Rs 2,079.31 crore from 123.42 million transactions valued at Rs 1,215.36 crore in November.

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