In December, UPI transactions registered a year-on-year increase of 29%

Current Context: On December 31, 2025, the National Payments Corporation of India (NPCI) reported a record 21.63 billion Unified Payments Interface (UPI) transactions.

• This was a 29% year-on-year growth compared to December 2024 (16.77 billion transactions).
• Transaction value stood at ≈ ₹27.97 trillion, showing a 20% YoY rise from ₹23.3 trillion in December 2024.
• Compared to November 2025 (20.47 billion, ₹26.3 trillion), December saw +5.7% in volume and +6.3% in value.
• Daily averages in December 2025 were 698 million transactions worth ≈ ₹90,217 crore.
• For the full year January–December 2025, UPI processed ≈ 228 billion transactions worth ≈ ₹300 trillion, up 33% in volume and 21% in value YoY.
• Significance: Unified Payments Interface (UPI) remains the backbone of India’s digital economy, driven by festive spending, e-commerce, and QR code penetration.

Question:

Q.1 Unified Payments Interface (UPI) is operated by which institution?
a) Reserve Bank of India (RBI)
b) Ministry of Finance
c) State Bank of India (SBI)
d) National Payments Corporation of India (NPCI)

Answer: d) UPI is developed and operated by the National Payments Corporation of India (NPCI).