There were 16.58 billion Unified Payments Interface (UPI) transactions worth ₹23.5 trillion in October, the highest numbers for the digital system since it became operational in April 2016.
UPI's previous peak was 15.04 billion in volume terms in September 2024 and ₹20.64 trillion in value in July. Data from previous months shows that the growth in transactions is driven by person-to-merchant transactions (for buying goods or services), which got a festival season push in October. It was the first time that UPI crossed 16 billion in volume and ₹23 trillion in value.
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