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India's digital payment ecosystem hit a historic milestone this Diwali as the UPI recorded its highest-ever single-day transaction value and volume. According to data released by the National Payments Corporation of India (NPCI), UPI transactions on Diwali eve (October 18) surged to 754 million, amo
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In October 2025, UPI processed a total of Rs 23.5 lakh crore.
On Diwali eve (October 18), UPI transactions surged to 754 million, amounting to Rs 1.02 lakh crore.
The record transactions were driven by festive cheer, GST cuts on select goods, and the convenience of digital payments offered by apps like PhonePe, Google Pay, and Paytm.
UPI now accounts for nearly 85% of all digital transactions in India.
Credit card e-commerce transactions jumped 22% year-on-year, while debit card e-commerce usage declined 24%, indicating a shift towards credit-led consumption.
NPCI has launched 'UPI Help', an AI-powered virtual assistant to help users resolve payment queries and manage transactions.
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