9 FINANCEOUTLOOKINDIAOCTOBER, 2025By Finance Outlook India TeamREPORTUPI TRANSACTIONS HIT RS 94,000 CR DAILY, EYE RECORD FESTIVE MONTHThe Unified Payments Interface (UPI) is experiencing a significant festive season surge, with the average daily transaction value in October rising 13% from September to reach 94,000 crore, according to National Payments Corporation of India (NPCI) data.With over a week still remaining in the month, UPI is on track to achieve its highest-ever monthly performance, fueled by Diwali spending and recent GST rate cuts. This represents one of the strongest month-on-month growth trends for UPI in recent years.UPI, which accounts for nearly 85% of all digital payments in India, has also seen record daily transaction volumes. On Diwali eve, it processed an all-time high of 740 million transactions in a single day, while the average daily volume for October so far stands at 695 million, a 6% increase over September's record of 654 million.Festive periods have consistently driven UPI growth. While Dusshera fell in September this year, Diwali on October 20 triggered a fresh surge. By this date, UPI crossed 1 lakh crore in daily transaction value six times, double the number of such days in September.Typically, digital payment activity peaks at month-start due to salaries and EMI payments, dropping mid-month to around 60,000 crore daily. Experts now predict October could set an all-time record, with the monthly transaction value expected to exceed 28 lakh crore, surpassing the previous record of 25 lakh crore. Key Highlights· Daily value of Unified Payments Interface (UPI) in October surged to about 94,000 crore.· UPI average daily transaction volume reached around 695 million in October, up from 654 million in September.
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