UPI rush: Digital payments hit lifetime high of Rs 27.3 lakh crore in October; India logs 20.7 billion transactions in 1 month - The Times of India
India’s Unified Payments Interface (UPI) reached an all-time high in digital transactions during October 2025, reflecting the country’s growing shift toward cashless payments. According to the National Payments Corporation of India (NPCI), UPI recorded 20.7 billion transactions amounting to ₹27.3 lakh crore, marking the highest monthly value since its inception. This surge highlights the expanding digital economy, driven by increased smartphone use, fintech adoption, and government initiatives promoting digital payments. Retail payments, small merchants, and online services played a major role in pushing these figures upward. Industry experts attribute this milestone to the seamless payment experience UPI offers, combined with its integration into banking apps and e-commerce platforms. With continuous innovations like credit-linked UPI and international expansion, India is emerging as a global leader in digital financial transactions. The October data reaffirms UPI’s dominance as the preferred mode of payment across India.
The Key points
- UPI hit a record ₹27.3 lakh crore in October 2025.
- Total 20.7 billion transactions were processed in one month.
- The highest value since UPI’s launch in 2016.
- Growth driven by increased smartphone and internet use.
- Retail and merchant payments led transaction volumes.
- Fintech apps and digital wallets boosted participation.
- Government policies continue to promote cashless payments.
- Innovations like credit-linked UPI enhanced user engagement.
- UPI is expanding internationally to new markets.
- India strengthens its position as a global digital payment leader.
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