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- UPI Hits Record 20.7 Billion Transactions In October 2025 | Festive Season Boost
New Delhi17 minutes ago
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A new record for digital payments has been made in the festive season. In October, a record 20.7 billion i.e. 2,070 crore transactions took place on UPI, whose value was Rs 27.28 lakh crore.
These figures show 5% higher volume and 10% higher value compared to September last month. According to the latest data of NPCI, an average of 66.8 crore transactions took place every day in October, which in terms of value was around Rs 88,000 crore.
Effect of festivals: Why the number of transactions increased
The festive season boosted people’s shopping, due to which the use of UPI increased significantly. From small expenses to big business payments during festivals like Diwali, Dussehra, everything was done through UPI.
According to NPCI, the reliefs of GST 2.0 also supported business activity. UPI proved to be convenient for both local merchants and consumers. Compared to October last year, volume was down 14%, but value increased by 2%.
Annual growth: 25% volume, 16% value jump
Compared to October 2024, the volume of UPI has increased by 25% and value by 16%. The volume was close to 20 billion in August 2025, which has now been crossed.
This growth shows that the digital economy is growing rapidly in India. The use of UPI has also increased in small towns and villages, where local retailers and assisted digital networks are connecting new users.
UPI transactions in the last one year
| month | UPI Transactions (Crore) | Total amount (₹ lakh crore) |
| October-25 | 2,070 | 27.00 |
| September-25 | 1,963 | 24.89 |
| August-25 | 2,000 | 24.85 |
| July-25 | 1,946 | 25.08 |
| June-25 | 1,893 | 24.03 |
| May-25 | 1,867 | 25.14 |
| April-25 | 1,789 | 23.94 |
| March-25 | 1,830 | 24.77 |
| February-25 | 1,610 | 21.96 |
| January-25 | 1,699 | 23.48 |
| December-24 | 1,673 | 23.24 |
| November-24 | 1,548 | 21.55 |
| October-24 | 1,658 | 23.49 |
Source- NPCI
Expert opinion: UPI changed the face of payments
Payment industry expert Anand Kumar Bajaj, Founder and CEO of PayNerby said, ‘UPI has given a new impetus to convenience and commerce this festival season. From small purchases to large business payments, it is supporting both consumers and local merchants.
India is now driving this momentum, where local retailers and assisted networks are helping new users transact confidently. He further said that the steady growth of 25% in transaction volume and 16% in value shows that UPI is enabling easy and secure payments in communities.
Increase in IMPS, FASTag and AePS also
- Apart from UPI, there were 40.4 crore transactions on IMPS in October, which is 3% more than 39.4 crore in September. Its value was Rs 6.42 lakh crore, which is a growth of 8%.
- FASTag transactions reached 36.1 crore, with a value of Rs 6,686 crore. Whereas 11.2 crore transactions took place on AePS, the value of which was Rs 30,509 crore.
- Daily AePS transactions were around 3.6 crore, which is more than last month. These figures show that the entire ecosystem of digital payments is getting stronger.
India is moving towards digital economy
With the development of credit and interoperable services on UPI, India is moving towards a truly inclusive and accessible digital economy. Experts believe that this growth will accelerate further in the coming months. Business activity will continue even after the festivals, which will further strengthen UPI.
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