Transactions increased
According to data released by the National Payments Corporation of India (NPCI) on Saturday, a total of 20.7 billion transactions took place through the Unified Payments Interface (UPI) in October 2025, which is the highest ever. In September this figure was 19.63 billion. In terms of money, transactions through UPI increased from Rs 24.90 lakh crore in September to Rs 27.28 lakh crore in October. That is, a record was created so far in both the number and amount of transactions. There were an average of 66.8 crore daily transactions in October, which was 65.4 crore in September.
NPCI launched UPI in April 2016, which has now become India’s largest retail payment system. According to a report by the Reserve Bank of India, the number of UPI transactions increased from 441.6 crore in the first half of 2019 to 10,636.96 crore in the first half of 2025. Now the share of UPI in total digital transactions is 84.8% in terms of number and 9.1% in terms of amount. This shows that UPI is mostly used for small payments.
According to PwC India, UPI can reach 100 crore transactions per day by FY 2027. This means that in the coming five years it will account for 90% of the total digital payments in India. According to NPCI, the number of UPI transactions in October 2025 increased by 25% compared to last year, and the amount increased by 16%.
Anand Kumar Bajaj, Founder and CEO, PayNearby, said that this festive season, UPI has become the easiest way for people everywhere to make payments ranging from small expenses to large merchant payments. India is now building on this momentum, with local merchants and digital networks helping new customers make online payments with confidence.
Other digital payment channels
- FASTag Transaction- It increased from 33.3 crore in September to 36.1 crore in October, i.e. an annual increase of 5%. The total amount of transactions increased from Rs 6,421 crore in September to Rs 6,686 crore in October. There were an average of 1.16 crore daily transactions in October, which was 1.10 crore in September.
- IMPS Transactions- Transactions through instant payment service increased from 394 million in September to 404 million in October, i.e. an annual increase of 15%. Their total amount increased from Rs 5.97 lakh crore in September to Rs 6.42 lakh crore in October. IMPS allows instant bank-to-bank money transfer through mobile, internet and ATM.
- AePS Transactions- Transactions through Aadhaar based payment system increased from 106 million (10.6 crore) in September to 112 million in October. However, it saw a decline of 11% compared to last year. It increased from Rs 27,380 crore in September to Rs 30,500 crore in October, but a yearly decline of 6% was recorded. With AePS, people can do banking with Aadhaar number, which provides banking facilities to people in villages and small areas.