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Last updated: 22 Oct, 2025  

upi.jpg UPI transactions surge to Rs 94,000 crore daily in Oct, set for record festive month

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IANS | 22 Oct, 2025

The Unified Payments Interface (UPI) is witnessing a festive season boom, with the average daily transaction value in October jumping 13 per cent over September to reach Rs 94,000 crore, according to data from the National Payments Corporation of India (NPCI). 

With more than a week still left in the month, UPI is on track to post its highest-ever monthly performance, driven by Diwali spending and recent GST rate cuts.

This marks one of the strongest month-on-month growth trends for UPI in the past few years.

UPI, which powers nearly 85 per cent of all digital payments in India, has also seen its daily transaction volumes hit new highs.

On the eve of Diwali, UPI recorded an all-time high of 740 million transactions in a single day.

The average daily volume for the month so far has been 695 million, up more than 6 per cent from September’s record of 654 million.

The festive season has always been a strong driver for UPI growth. Last year too, both Dusshera and Diwali falling in October had boosted digital payment activity.

This year, while Dusshera was in September, Diwali celebrations on October 20 appear to have powered another surge.

By October 20, UPI crossed the Rs 1 lakh crore mark in daily transaction value six times this month -- double the number of days compared to September.

Typically, most payment platforms see peak activity at the start of the month due to salaries and EMI payments, after which spending tends to dip.

UPI transactions often fall to around Rs 60,000 crore in daily value by mid-month. Given the strong momentum, experts believe October could set an all-time record for UPI.

Monthly transaction value is expected to cross Rs 28 lakh crore for the first time, surpassing the current record of Rs 25 lakh crore.

 
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