UPI Records 20.47 Billion Transactions in November 2025: Phone Retains the Leader Board

The Unified Payments Interface (UPI) recorded 20.47 billion transactions worth ₹26.32 lakh crore in November, according to the National Payments Corporation of India (NPCI). Following the festive peak in October, the data indicates steady momentum in both consumer and merchant payments across the country.

PhonePe Retains Top Spot

PhonePe remained the largest UPI app, processing 9.33 billion transactions, accounting for 45.6% of total volume and 48.5% of total value. The Walmart-backed fintech firm gained market share despite a slight decline in transaction numbers compared with October.

Google Pay and Paytm Follow

Google Pay ranked second with 7.03 billion transactions, holding 34.4% share by both volume and value, though it experienced a minor month-on-month dip. Paytm came in third with 1.55 billion transactions (7.6% of total volume), processing payments worth ₹1.64 lakh crore, translating into a 6.2% share by value.

Smaller Players Show Growth

Among smaller apps, Navi processed 609 million transactions worth ₹32,290 crore (3% market share by volume). super.money recorded 265 million transactions valued at ₹10,581 crore, while Cred handled 154 million transactions totaling ₹59,261 crore, supported by higher-value payments. 

BHIM saw 141 million transactions worth ₹18,377 crore, Axis Bank apps recorded 236 million transactions worth ₹16,221 crore, Amazon Pay handled 89 million transactions worth ₹10,147 crore, and FamApp by Trio processed 150 million transactions worth ₹1,868 crore.

Also Read: Indian Rupee Gains Early Monday Amid Improved Market Sentiment

Spending Trends via UPI

Daily essentials continued to dominate UPI spending in November. Groceries and supermarkets led with 3.22 billion transactions worth ₹71,129.56 crore, followed by fast food and restaurants, which together saw over 2.6 billion transactions. Telecom services logged 818 million transactions valued at ₹21,399.70 crore, and fuel stations recorded 658 million transactions worth ₹40,320.95 crore. Digital gold purchases rose 6.4% in volume to 123.42 million transactions, though the value dropped sharply to ₹1,215.36 crore from October.

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