UPI Sets New Record With 16.5 Billion Transactions Worth Rs 23 Lakh Crore In October

According to data shared by the National Payments Corporation of India (NPCI) on Friday, October saw a 10 per cent increase in volume and 14 per cent in value compared to September.

The Unified Payments Interface (UPI)-based digital transactions continued to surge and in the month of October, the country saw 16.58 billion transactions worth Rs 23.5 lakh crore, the highest numbers since the UPI became operational in April 2016.

According to data shared by the National Payments Corporation of India (NPCI) on Friday, October saw a 10 per cent increase in volume and 14 per cent in value compared to September.

Daily UPI transactions in October crossed 535 million in volume and Rs 75,801 crore in value - compared to 501 million in volume and Rs 68,800 crore in September.