UPI transactions hit record Rs 27.28 trillion in October on festive boost, GST 2.0 reliefs

CHENNAI: The Unified Payments Interface (UPI) system touched an all-time high in both transaction volume and value in October, clocking 20.7 billion transactions worth Rs 27.28 trillion, according to data from the National Payments Corporation of India (NPCI). The sharp rise reflects robust consumption patterns during the festive season and higher business activity spurred by the implementation of GST 2.0 relief measures.