Overview
- NPCI reported December transactions up 29% year-on-year to 21.63 billion with value up 20% to Rs 27.97 lakh crore, surpassing November on both metrics.
- Person-to-merchant payments continued to grow faster than person-to-person, and the average ticket size fell to Rs 1,262, indicating greater use for small, routine purchases.
- Active UPI QR codes reached about 709 million, a 21% rise since July 2024, according to Worldline India.
- IMPS activity also increased, with December value at Rs 6.62 lakh crore up 10% year-on-year, 380 million transactions, and an average daily amount of Rs 21,269 crore.
- Ecosystem risks persisted through 2025, with reported outages and a rise in UPI-linked fraud exceeding 1.3 million cases and Rs 1,000 crore in losses.