New Delhi: UPI 20.70 billion transactions in October marked another historic high for India’s digital payment ecosystem. This reflects the massive growth driven by GST 2.0 reforms.
According to NPCI data, UPI transactions surged 25% year-on-year to reach 20.70 billion in October. Meanwhile, the total transaction value jumped 16% to ₹27.28 lakh crore. The platform also recorded steady month-on-month growth, up from ₹24.90 lakh crore in September.
Average daily transactions hit ₹87,993 crore in October, compared to ₹82,991 crore in September. Daily transaction counts rose from 654 million to 668 million.
The momentum wasn’t limited to UPI alone. IMPS transactions climbed 2% year-on-year to ₹6.42 lakh crore and 6% month-on-month. This further strengthened India’s cashless economy.
In the first half of 2025, India’s digital payments ecosystem saw a 35% year-on-year surge. It touched 106.36 billion UPI transactions worth ₹143.34 lakh crore, as per Worldline’s India Digital Payments Report.
Experts attribute this growth to the “Kirana Effect.” Small and micro businesses rapidly adopted QR-based payments. This expanded India’s digital backbone to 678 million QR codes, more than doubling since January 2024.
With such exponential growth, UPI continues to redefine India’s financial landscape. It makes digital transactions faster, seamless, and more inclusive than ever.
