UPI developed by the National Payments Corporation of India has recorded a whopping 20.70 billion transactions in October, higher from 19.63 billion in September and 20.01 billion recorded in August.
New Delhi
India’s Unified Payments Interface (UPI) achieved a new milestone in October, crossing 20.70 billion transactions worth Rs 27.28 lakh crore, according to data released by the National Payments Corporation of India (NPCI). The growth comes amid the rollout of GST 2.0 reforms that have further encouraged digital payments across the country.
The data showed a 25 per cent rise in transaction volume and a 16 per cent increase in transaction value compared to the same month last year. On a monthly basis, UPI transactions also grew from Rs 24.90 lakh crore in September. The average daily transaction value stood at Rs 87,993 crore in October, up from Rs 82,991 crore in the previous month.
Daily transaction counts rose to 668 million, compared with 654 million in September. Instant Money Transfer Service (IMPS) also showed steady growth, with total monthly transactions worth Rs 6.42 lakh crore, reflecting a 2 per cent annual and 6 per cent monthly rise.
UPI continues to dominate India’s digital payment ecosystem, handling 106.36 billion transactions in the first half of 2025 — a 35 per cent year-on-year surge. The total value of these transactions reached Rs 143.34 lakh crore, highlighting the deepening integration of digital finance into daily life.
Person-to-merchant (P2M) payments jumped 37 per cent to 67.01 billion in the same period, driven by small retailers and local shops — known as the “Kirana Effect.” Meanwhile, India’s QR-code network expanded rapidly, more than doubling to 678 million by June 2025, underscoring the country’s digital revolution.
