{"id":21104,"date":"2025-10-26T22:00:17","date_gmt":"2025-10-26T22:00:17","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/10\/26\/upi-sees-record-october-transactions-jump-13-amid-diwali-sales-gst-cuts-economy-news\/"},"modified":"2025-10-26T22:00:17","modified_gmt":"2025-10-26T22:00:17","slug":"upi-sees-record-october-transactions-jump-13-amid-diwali-sales-gst-cuts-economy-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/10\/26\/upi-sees-record-october-transactions-jump-13-amid-diwali-sales-gst-cuts-economy-news\/","title":{"rendered":"UPI Sees Record October: Transactions Jump 13% Amid Diwali Sales, GST Cuts | Economy News"},"content":{"rendered":"


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Last Updated:<\/span>

According to the NPCI, which operates the platform, the average daily value of UPI transactions has surged 13 percent over September<\/h2>\n
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The Unified Payments Interface (UPI), India\u2019s real-time digital payment system, is on track for a record-breaking October, driven by Diwali festivities and lower goods and services tax (GST) rates.<\/p>\n

According to the National Payments Corporation of India (NPCI), which operates the platform, the average daily value of UPI transactions has surged 13 percent over September, reaching Rs 94,000 crore, with over a week still remaining in the month. This marks one of the highest month-on-month growth rates for UPI in recent years, a system that now accounts for 85 percent of all digital transactions in India.<\/p>\n

Transaction volumes hit new highs<\/strong><\/p>\n

UPI volumes have repeatedly touched record levels this month. On Diwali eve, the platform recorded a historic 740 million transactions in a single day. The average daily volume for October so far is 695 million, up more than 6 percent from the previous record of 654 million in September. Last year, festival sales similarly boosted UPI growth, as both Dusshera and Diwali fell in October. This year, Dusshera occurred in September, with Diwali on October 20.<\/p>\n

Rs 1 lakh crore daily transactions repeatedly<\/strong><\/p>\n

By October 20, UPI had crossed the Rs 1 lakh crore daily transaction mark six times, compared with just three days in September. Typically, payment platforms see monthly peaks during the first few days due to salary and EMI payments, which then taper off mid-month. NACH credit transactions, which include salary payments, are also higher at the start and end of the month.<\/p>\n

All-time highs in sight<\/strong><\/p>\n

With this momentum, UPI is poised to achieve its highest-ever monthly figures for October, potentially surpassing Rs 28 lakh crore in total transaction value, compared to the current record of Rs 25 lakh crore. While the final days of the month could see some decline, daily values of Rs 94,000 crore already far exceed previous peaks of Rs 81,000 crore in May and Rs 83,000 crore in September. The drop in most digital payments in September can be attributed to consumers waiting for the GST rate cuts, which came into effect from September 22.<\/p>\n

Credit card payments lag<\/strong><\/p>\n

In contrast, credit card transactions in October have trended lower than September, when ecommerce-driven sales peaked. Flipkart\u2019s Big Billion Days and Amazon\u2019s Great Indian Festival pushed online credit card spending to a record Rs 1.18 lakh crore in September, with daily transactions surpassing Rs 10,000 crore for the first time on September 22, coinciding with the start of festival sales.<\/p>\n

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Aparna Deb<\/a><\/p>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Follow News18 on Google<\/a>. Join the fun, play QIK games on News18<\/a>. Stay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the\u00a0News18 App<\/a> to stay updated.<\/span><\/div>\n
First Published:<\/span><\/p>\n
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October 22, 2025, 12:14 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> economy<\/a> UPI Sees Record October: Transactions Jump 13% Amid Diwali Sales, GST Cuts<\/span><\/div>\n
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Last Updated:October 22, 2025, 12:14 IST According to the NPCI, which operates the platform, the average daily value of UPI transactions has surged 13 percent over September UPI The Unified Payments Interface (UPI), India\u2019s real-time digital payment system, is on track for a record-breaking October, driven by Diwali festivities and lower goods and services tax…<\/p>\n","protected":false},"author":1,"featured_media":4795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-21104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/21104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=21104"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/21104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/4795"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=21104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=21104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=21104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}