Overview
- On October 18, UPI processed 754 million payments worth Rs 1.02 lakh crore, the highest single-day totals reported by the Finance Minister.
- NPCI data indicate October’s average daily UPI value is about Rs 94,000 crore, a 13% rise from September.
- Daily volumes hit fresh peaks during Diwali week, including roughly 740 million transactions on the eve of the festival, with a month-to-date average of 695 million.
- UPI crossed the Rs 1 lakh crore daily value mark six times by October 20, double the number of such days in September.
- Experts say October is on track for an all-time monthly record for UPI value, while credit-card spending has eased after September’s ecommerce-driven surge.