New Delhi: The Unified Payments Interface (UPI)-based transactions in November 2024 was recorded at 15.48 billion, which shows a 38 per cent year-on-year growth, National Payments Corporation of India (NPCI) data stated. The total transaction value via UPI stood at Rs 21.55 lakh crore, a 24 per cent surge as compared to November 2023.
In October 2024, UPI recorded 16.58 billion transactions worth Rs 23.5 trillion, highest since UPI’s launch in April 2016. According to the NPCI data, the Immediate Payment Service (IMPS) transactions recorded 408 million transactions with a total transaction amount of Rs 5.58 lakh crore in November 2024.
Other payment systems like FASTag transactions increased by 4 per cent, rising to 359 million from 345 million in October. Aadhaar Enabled Payment System (AePS) transactions were recorded at 92 million, with a total value of Rs 23,844 crore as against 126 million recorded in October. The November data showed that FASTag numbers went up 12 per cent and 14 per cent in value versus the same month in last year.
The value of AePS transactions declined 27 per cent to Rs 23,844 crore during the period under review from Rs 32,493 crore in October.
Month
No. of Banks live on UPI
Volume (in Mn)
Value (in Cr.)
01/10/24
632
16584.97
2349821.46
01/09/24
622
15041.75
2063994.71
01/08/24
608
14963.05
2060735.57
01/07/24
605
14435.55
2064292.41
01/06/24
602
13885.14
2007081.2
01/05/24
598
14035.84
2044937.05
01/04/24
581
13303.99
1964464.52
01/03/24
572
13440
1978353.23
01/02/24
560
12102.67
1827869.35
01/01/24
550
12203.02
1841083.97
01/12/23
522
12020.23
1822949.42
01/11/23
516
11235.29
1739740.61
01/10/23
505
11408.79
1715768.34
01/09/23
492
10555.69
1579133.18
01/08/23
484
10586.02
1576536.56
01/07/23
473
9964.61
1533536.44
01/06/23
458
9335.06
1475464.26
01/05/23
445
9415.19
1489145.44
01/04/23
414
8863.26
1415504.71
01/03/23
399
8685.3
1410443.01
01/02/23
390
7534.76
1235846.62
01/01/23
385
8036.89
1298726.62
01/12/22
382
7829.49
1282055.01
01/11/22
376
7309.45
1190593.39
01/10/22
365
7305.42
1211582.51
01/09/22
358
6780.8
1116438.1
01/08/22
346
6579.63
1072792.68
01/07/22
338
6288.4
1062991.76
01/06/22
330
5862.75
1014384.31
01/05/22
323
5955.2
1041520.07
01/04/22
316
5583.05
983302.27
01/03/22
314
5405.65
960581.66
01/02/22
304
4527.49
826843
01/01/22
297
4617.15
831993.11
01/12/21
282
4566.3
826848.22
01/11/21
274
4186.48
768436.11
01/10/21
261
4218.65
771444.98
01/09/21
259
3654.3
654351.81
01/08/21
249
3555.55
639116.95
01/07/21
235
3247.82
606281.14
01/06/21
229
2807.51
547373.17
01/05/21
224
2539.57
490638.65
01/04/21
220
2641.06
493663.68
01/03/21
216
2731.68
504886.44
01/02/21
213
2292.9
425062.76
01/01/21
207
2302.73
431181.89
01/12/20
207
2234.16
416176.21
01/11/20
200
2210.23
390999.15
01/10/20
189
2071.62
386106.74
01/09/20
174
1800.14
329027.66
01/08/20
168
1618.83
298307.61
01/07/20
164
1497.36
290537.86
01/06/20
155
1336.93
261835
01/05/20
155
1234.5
218391.6
01/04/20
153
999.57
151140.66
01/03/20
148
1246.84
206462.31
01/02/20
146
1325.69
222516.95
01/01/20
144
1305.02
216242.97
01/12/19
143
1308.4
202520.76
01/11/19
143
1218.77
189229.09
01/10/19
141
1148.36
191359.94
01/09/19
141
955.02
161456.56
01/08/19
141
918.35
154504.89
01/07/19
143
822.29
146386.64
01/06/19
142
754.54
146566.35
01/05/19
143
733.54
152449.29
01/04/19
144
781.79
142034.39
01/03/19
142
799.54
133460.72
01/02/19
139
674.19
106737.12
01/01/19
134
672.75
109932.43
01/12/18
129
620.17
102594.82
01/11/18
128
524.94
82232.21
01/10/18
128
482.36
74978.27
01/09/18
122
405.87
59835.36
01/08/18
114
312.02
54212.26
01/07/18
114
273.75
51843.14
01/06/18
110
246.37
40834.03
01/05/18
101
189.48
33288.51
01/04/18
97
190.08
27021.85
01/03/18
91
178.05
24172.6
01/02/18
86
171.4
19126.2
01/01/18
71
151.83
15571.2
01/12/17
67
145.64
13174.24
01/11/17
61
105.02
9669.33
01/10/17
60
76.96
7057.78
01/09/17
57
30.98
5325.81
01/08/17
55
16.8
4156.62
01/07/17
53
11.63
3411.35
01/06/17
52
10.35
3098.36
01/05/17
49
9.36
2797.07
01/04/17
48
7.2
2271.24
01/03/17
44
6.37
2425.14
01/02/17
44
4.38
1937.71
01/01/17
36
4.46
1696.22
01/12/16
35
1.99
707.93
01/11/16
30
0.29
100.46
01/10/16
26
0.1
48.57
01/09/16
25
0.09
32.64
01/08/16
21
0.09
3.09
01/07/16
21
0.09
0.38
01/06/16
21
0
0
01/05/16
21
0
0
01/04/16
21
0
0
November 2024 witnessed a remarkable surge in UPI transactions in India, reaching 15.48 billion, a 38% year-on-year increase. The total value soared to ₹21.55 lakh crore (a 24% rise). While IMPS transactions also saw significant growth, AePS transactions experienced a decline. FASTag usage also increased. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
