UPI caps 2025 with record December surge: 21.63 billion payments worth about 28 trillion rupees
NEW YORK, January 3, 2026, 06:54 ET India’s Unified Payments Interface (UPI), a real-time system that lets users move money between bank accounts via mobile apps, logged 21.63 billion transactions in December, up 29% from a year earlier, with value up 20% to about 28 lakh crore rupees (about 28 trillion rupees), data from payments operator NPCI showed. Average daily value rose to 90,217 crore rupees from 87,721 crore in November, while daily volumes climbed to 698 million. Immediate Payment Service (IMPS), an instant bank transfer system, recorded 6.62 lakh crore rupees in value and 380 million transactions in December,