UPI Transactions Soar to Record Rs 27.28 Lakh Crore in October: India's Digital Payment Revolution

Nov 03, 2025 07:25 pm CST

October 2023 witnessed a landmark achievement in India's digital economy as UPI transactions reached an unprecedented Rs 27.28 lakh crore in value and 20.7 billion in volume, driven by festive spending. This represents a 16% year-on-year growth and cements UPI's position as India's dominant payment system, now accounting for 85% of all digital transactions and expanding internationally across seven countries.