UPI may create this monthly transactions record in October 2025, here’s why

India’s real-time payment network, the Unified Payments Interface (UPI), is expected to set a new monthly record in October. Driven by festive spending, lower GST rates, and sustained consumer adoption of digital transactions, the payment platform may surpass Rs 28 lakh crore in monthly transaction value for the first time, exceeding its previous record of Rs 25 lakh crore. According to a report by the Economic Times, the average daily transaction value has already jumped 13% from September to Rs 94,000 crore, signalling strong momentum heading into the final days of the month. Multiple records have been set in volume as well, including daily transactions that reached 740 million on Diwali eve. In contrast, the average daily volume reached 695 million, up more than 6% from September’s record.