UPI Transactions Hit Record ₹27.28 Lakh Crore in October Amid Festive Buying Surge

India’s flagship digital payments system, the Unified Payments Interface (UPI), achieved a record-breaking milestone in October 2025, processing 20.7 billion transactions worth ₹27.28 lakh crore, according to the latest data from the National Payments Corporation of India (NPCI).

The surge, driven by festive season shopping and increased digital adoption, marks the highest-ever transaction value and volume since UPI’s inception in 2016.

Record Growth in Value and Volume

In value terms, October’s ₹27.28 lakh crore surpassed the previous high of ₹25.14 lakh crore recorded in May 2025. In volume terms, the figure also exceeded the earlier record of 19.47 billion transactions achieved in July.

The year-on-year growth stood at 16%, as UPI transactions rose from ₹23.49 lakh crore in October 2024. On a month-on-month basis, transactions increased by 9.5% in value from ₹24.90 lakh crore in September.

According to NPCI data, the average daily transaction volume in October was 668 million, with an average daily transaction value of ₹87,993 crore, reflecting UPI’s growing integration into everyday payments — from retail shopping to small-scale merchants.

Industry Voices on India’s Digital Momentum

Commenting on the record growth, Spice Money CEO Dilip Modi said:

“The steady rise in UPI volumes, particularly during high-traffic periods like Diwali, demonstrates the strength of India’s digital infrastructure and its ability to handle massive real-time transactions seamlessly. It also highlights how behavioural change has taken firm root — from large cities to rural Bharat, where digital payments are now part of daily life.”

UPI’s Expanding Global Footprint

UPI now accounts for nearly 85% of all digital transactions in India, cementing its status as the world’s most successful real-time payment system.
Globally, India contributes to around 50% of all real-time digital payments, underscoring its leadership in fintech innovation.

The system has also gone international — UPI is currently live in seven countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, and Mauritius. Its entry into France marks a key milestone, representing UPI’s first operational expansion in Europe, enabling Indians abroad to make seamless digital payments without foreign transaction hurdles.

About NPCI and UPI

The National Payments Corporation of India (NPCI), founded under the joint initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA), operates and manages India’s retail payment and settlement systems.

UPI, one of NPCI’s flagship platforms, enables instant, peer-to-peer and merchant payments 24×7, revolutionizing the country’s digital economy and empowering millions to transact seamlessly.