UPI hits all-time high of 20.7 Bn transactions in October

Unified Payments Interface (UPI) set a new benchmark in October 2025 by processing 20.7 billion transactions, its highest ever monthly volume, according to data released by the National Payments Corporation of India (NPCI).

This marked a 3.6% month on month increase from 19.63 billion transactions in September, when volumes had dipped slightly from 20.1 billion in August.

In terms of value, UPI recorded Rs 27.28 lakh crore worth of transactions in October against Rs 24.9 lakh crore in September, reflecting a 9.5% rise. On a yearly basis, transaction count grew 25%, while transaction value rose 16%.

The platform processed an average of 668 million transactions per day, with an average daily value of Rs 87,993 crore. The rise in both total and daily transactions was driven by festive season spending, during which UPI crossed 750 million transactions in a single day on October 18 for the first time.

The milestone reflects the continued expansion of India’s digital payments ecosystem, supported by the growing use of QR based payments, recurring mandates, and the integration of UPI with credit lines and international corridors.

UPI has expanded to several new countries, including France and the UAE, with agreements in place for Namibia, Trinidad and Tobago, and Peru. It is already operational in Bhutan, Singapore, Sri Lanka, Mauritius, and Nepal, and recently went live in Qatar.

Recently, Razorpay, through Razorpay Curlec, partnered with NPCI International Payments Limited (NIPL) to enable UPI payments in Malaysia.